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 Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $153,433 | $96,718 | $78,145 |
| Median Personal Income | $119,628 | $68,943 | $61,726 |
| Average income growth | 3.4% | 6.0% | 5.1% |
| Six-Figure Earners | 31.3% | 16.9% | 13.2% |
The median household income in El Dorado Hills is about 59% higher than in California. Income has been growing slower in El Dorado Hills (3.4%/yr) than in California (6.0%/yr).
About 31% of adults in El Dorado Hills 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 Dorado Hills, California grew by 37.5% from 2009 to 2023, reaching $153,433 in 2023. That's an average of about 3.4% per year.
Economic Inequality in El Dorado Hills | Gender Pay Gap | Gini Coefficient
| Metric | El Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.596 | 0.570 |
| Male Median Income | $130,274 | $73,016 | $67,746 |
| Female Median Income | $97,371 | $63,704 | $54,793 |
| Gender Pay Gap | 25.3% | 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 Dorado Hills, 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 34% more than women's income in El Dorado Hills, California. Over a 35-year career, a 34% wage gap accumulates to roughly $1,151,605 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 Dorado Hills, California has narrowed from about 34% to 25% in 2023. In dollar terms, the gap has widened by $745 since 2009.
Employment
| Metric | El Dorado Hills | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 6.4% | 5.2% |
| Working from Home | 24.7% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,036 people are unemployed in El Dorado Hills, California.
The average commute time in El Dorado Hills is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in El Dorado Hills, California has fallen from 6.0% to 4.5% in 2023.
Conclusion
Considering all these factors, El Dorado Hills, California has an overall wealth index grade of A+, making it far better than California, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in El Dorado Hills, California.
How Wealthy Is El Dorado Hills, California?
El Dorado Hills 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 it is one of the most prosperous areas in the country. The median household income is $153,433, about 59% higher than the California average of $96,718.
What is the current median household income in El Dorado Hills, California?
As of 2023, the median household income in El Dorado Hills, California is $153,433.
What was the median household income in El Dorado Hills in 2023?
In 2023, the median household income in El Dorado Hills, California was $153,433.
What was the median household income in El Dorado Hills in 2020?
In 2020, the median household income in El Dorado Hills, California was $124,355.
What is the Gini coefficient in El Dorado Hills, California?
The Gini coefficient in El Dorado Hills 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 El Dorado Hills, California?
Since 2009, the income gap between men and women in El Dorado Hills, California has narrowed from about 34% to 25% in 2023. In dollar terms, the gap has widened by $745 since 2009.