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 | El Cerrito | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $127,203 | $96,718 | $78,145 |
| Median Personal Income | $101,883 | $68,943 | $61,726 |
| Average income growth | 5.3% | 6.0% | 5.1% |
| Six-Figure Earners | 29.4% | 16.9% | 13.2% |
The median household income in El Cerrito is about 32% higher than in California. Income has been growing slower in El Cerrito (5.3%/yr) than in California (6.0%/yr).
About 29% of adults in El Cerrito earn six figures ($100,000 or more) a year, higher than the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in El Cerrito, California grew by 66.2% from 2009 to 2023, reaching $127,203 in 2023. That's an average of about 5.3% per year.
Economic Inequality in El Cerrito | Gender Pay Gap | Gini Coefficient
| Metric | El Cerrito | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.596 | 0.570 |
| Male Median Income | $104,323 | $73,016 | $67,746 |
| Female Median Income | $99,041 | $63,704 | $54,793 |
| Gender Pay Gap | 5.1% | 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 El Cerrito, it is 0.546, 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 El Cerrito, California. Over a 35-year career, a 5% wage gap accumulates to roughly $184,870 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in El Cerrito, California has narrowed from about 7% to 5% in 2023. In dollar terms, the gap has widened by $652 since 2009.
Employment
| Metric | El Cerrito | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 6.4% | 5.2% |
| Working from Home | 27.5% | 15.5% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 785 people are unemployed in El Cerrito, California.
The average commute time in El Cerrito is 31 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in El Cerrito, California has fallen from 8.5% to 5.3% in 2023.
Conclusion
Considering all these factors, El Cerrito, California has an overall wealth index grade of A, making it notably better than California, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in El Cerrito, California.
How Wealthy Is El Cerrito, California?
El Cerrito has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $127,203, about 32% higher than the California average of $96,718.
What is the current median household income in El Cerrito, California?
As of 2023, the median household income in El Cerrito, California is $127,203.
What was the median household income in El Cerrito in 2023?
In 2023, the median household income in El Cerrito, California was $127,203.
What was the median household income in El Cerrito in 2020?
In 2020, the median household income in El Cerrito, California was $108,735.
What is the Gini coefficient in El Cerrito, California?
The Gini coefficient in El Cerrito is 0.546. 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 El Cerrito, California?
Since 2009, the income gap between men and women in El Cerrito, California has narrowed from about 7% to 5% in 2023. In dollar terms, the gap has widened by $652 since 2009.