Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | East Los Angeles | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,350 | $96,718 | $78,145 |
| Median Personal Income | $43,794 | $68,943 | $61,726 |
| Average income growth | 7.4% | 6.0% | 5.1% |
| Six-Figure Earners | 3.7% | 16.9% | 13.2% |
The median household income in East Los Angeles is about 29% lower than in California. Income has been growing faster in East Los Angeles (7.4%/yr) than in California (6.0%/yr).
About 4% of adults in East Los Angeles earn six figures ($100,000 or more) a year, lower than the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in East Los Angeles, California grew by 90.7% from 2009 to 2023, reaching $68,350 in 2023. That's an average of about 7.4% per year.
Economic Inequality in East Los Angeles | Gender Pay Gap | Gini Coefficient
| Metric | East Los Angeles | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.596 | 0.570 |
| Male Median Income | $44,655 | $73,016 | $67,746 |
| Female Median Income | $42,437 | $63,704 | $54,793 |
| Gender Pay Gap | 5.0% | 12.8% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In East Los Angeles, it is 0.559, lower than California's 0.596, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 5% more than women's income in East Los Angeles, California. Over a 35-year career, a 5% wage gap accumulates to roughly $77,630 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in East Los Angeles, California has narrowed from about 12% to 5% in 2023. In dollar terms, the gap has narrowed by $727 since 2009.
Employment
| Metric | East Los Angeles | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 6.4% | 5.2% |
| Working from Home | 7.1% | 15.5% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 3,275 people are unemployed in East Los Angeles, California.
The average commute time in East Los Angeles is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in East Los Angeles, California has fallen from 10.8% to 5.8% in 2023.
Conclusion
Considering all these factors, East Los Angeles, California has an overall wealth index grade of F, making it worse than California, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in East Los Angeles, California.
How Wealthy Is East Los Angeles, California?
East Los Angeles has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $68,350, about 29% lower than the California average of $96,718.
What is the current median household income in East Los Angeles, California?
As of 2023, the median household income in East Los Angeles, California is $68,350.
What was the median household income in East Los Angeles in 2023?
In 2023, the median household income in East Los Angeles, California was $68,350.
What was the median household income in East Los Angeles in 2020?
In 2020, the median household income in East Los Angeles, California was $50,852.
What is the Gini coefficient in East Los Angeles, California?
The Gini coefficient in East Los Angeles is 0.559. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in East Los Angeles, California?
Since 2009, the income gap between men and women in East Los Angeles, California has narrowed from about 12% to 5% in 2023. In dollar terms, the gap has narrowed by $727 since 2009.