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 | Escondido | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,762 | $96,718 | $78,145 |
| Median Personal Income | $77,762 | $96,718 | $78,145 |
| Average income growth | 6.4% | 6.4% | 6.4% |
The median household income in Escondido is about 20% lower than in California. Income has been growing faster in Escondido (6.4%/yr) than in California (6.0%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Escondido, California grew by 51.7% from 2009 to 2023, reaching $77,762 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Escondido | Gender Pay Gap | Gini Coefficient
| Metric | Escondido | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.596 | 0.570 |
| Male Median Income | $57,452 | $73,016 | $67,746 |
| Female Median Income | $48,372 | $63,704 | $54,793 |
| Gender Pay Gap | 15.8% | 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 Escondido, it is 0.574, lower than California's 0.596, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 19% more than women's income in Escondido, California.
Income by Sex Over Time
Since 2009, the income gap between men and women in Escondido, California has widened from about 14% to 16% in 2023.
Employment
| Metric | Escondido | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 6.4% | 5.2% |
| Working from Home | 11.6% | 15.5% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
The average commute time in Escondido is 26 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Escondido, California has fallen from 8.7% to 4.6% in 2023.
Conclusion
Considering all these factors, Escondido, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Escondido, California.
How Wealthy Is Escondido, California?
Escondido has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $77,762, about 20% lower than the California average of $96,718.
What is the current median household income in Escondido, California?
As of 2023, the median household income in Escondido, California is $77,762.
What was the median household income in Escondido in 2023?
In 2023, the median household income in Escondido, California was $77,762.
What was the median household income in Escondido in 2020?
In 2020, the median household income in Escondido, California was $61,693.
What is the Gini coefficient in Escondido, California?
The Gini coefficient in Escondido is 0.574. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Escondido, California?
Since 2009, the income gap between men and women in Escondido, California has widened from about 14% to 16% in 2023.