Folsom, California Income Statistics
Folsom Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
A
Folsom Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Folsom | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $140,179 | $99,161 | $80,455 |
| Median Personal Income | $106,210 | $67,742 | $60,758 |
| Average Yearly Income Growth | 3.8% | 5.6% | 4.8% |
| Six-Figure Earners | 28.4% | 17.6% | 13.9% |
| $200k+ Households | 34.5% | 20.5% | 13.2% |
The median household income in Folsom is about 41% higher than in California. Income has been growing slower in Folsom (3.8%/yr) than in California (5.6%/yr).
About 28% of adults in Folsom earn six figures ($100,000 or more) a year, higher than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Folsom, California grew by 50.1% from 2009 to 2024, reaching $140,179 in 2024. That's an average of about 3.8% per year.
Folsom has been far above the U.S. median household income in every year from 2009 to 2024. The gap has narrowed from 83% in 2009 to 74% in 2024, the closest it has been.
Income Distribution in Folsom
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 19,473 households (64.9% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 11.9% of households in Folsom had an income under $35,000 and 47.2% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Folsom has a larger share of households earning $200,000 or more (34.5% vs 13.2%) and a smaller share earning $50,000 to $74,999 (7.6% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 839 | 2.8% | 5.1% |
| $10,000 to $14,999 | 405 | 1.3% | 3.5% |
| $15,000 to $24,999 | 1,114 | 3.7% | 6.4% |
| $25,000 to $34,999 | 1,215 | 4.0% | 6.7% |
| $35,000 to $49,999 | 1,437 | 4.8% | 10.1% |
| $50,000 to $74,999 | 2,285 | 7.6% | 15.5% |
| $75,000 to $99,999 | 3,245 | 10.8% | 12.6% |
| $100,000 to $149,999 | 5,313 | 17.7% | 17.4% |
| $150,000 to $199,999 | 3,816 | 12.7% | 9.5% |
| $200,000 or more | 10,344 | 34.5% | 13.2% |
Shares are of all 30,011 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 19,473 residents (28.4% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 34.0% of residents who have any income.
In 2024, 16.5% of Folsom residents aged 15 and over reported no personal income, 20.9% had some income but less than $25,000, and 38.0% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Folsom has a larger share of residents earning $100,000 or more (28.4% vs 13.9%) and a smaller share earning $35,000 to $49,999 (7.4% vs 12.6%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 11,328 | 16.5% | 12.8% |
| $1 to $9,999 | 6,568 | 9.6% | 11.2% |
| $10,000 to $14,999 | 3,020 | 4.4% | 7.0% |
| $15,000 to $24,999 | 4,751 | 6.9% | 10.5% |
| $25,000 to $34,999 | 4,359 | 6.4% | 9.5% |
| $35,000 to $49,999 | 5,057 | 7.4% | 12.6% |
| $50,000 to $74,999 | 7,406 | 10.8% | 14.3% |
| $75,000 to $99,999 | 6,589 | 9.6% | 8.2% |
| $100,000 or more | 19,473 | 28.4% | 13.9% |
Shares are of the 68,549 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 16.5% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Folsom
| Metric | Folsom | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.572 | 0.552 |
| Male Median Income | $123,863 | $75,172 | $69,667 |
| Female Median Income | $90,955 | $66,071 | $56,850 |
| Gender Pay Gap | 26.6% | 12.1% | 18.4% |
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 Folsom, it is 0.547, lower than California's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in Folsom, California. Over a 35-year career, a 36% wage gap accumulates to roughly $1,151,780 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Folsom, California has narrowed from about 29% to 27% in 2024. Over that period the gap was widest at 31% in 2020, and was narrowest at 27% in 2023. In dollar terms, the gap has widened by $8,505 since 2009.
Employment
| Metric | Folsom | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 6.6% | 5.2% |
| Working from Home | 31.1% | 17.2% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 2,634 people are unemployed in Folsom, California.
The average commute time in Folsom is 22 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Folsom, California has fallen from 7.5% to 6.3% in 2024. Over that period the rate peaked at 9.2% in 2013 and fell as low as 3.2% in 2019.
Folsom stayed below the U.S. unemployment rate from 2011 to 2023, starting 1.2 points lower, and rose above it in the latest figures (2024), at 1.0 point higher.
Folsom, CA Wealth Compared With Nearby Cities
Folsom, CA is the largest of the 5 cities compared here, 83,916 residents against a local median of 34,252. The measure that sets Folsom, CA apart most is unemployment: 6.3%, 22% above the local median of 5.1%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 3.8%/yr against a local median of 4.7%/yr, 19% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Folsom, CA reads weaker than its neighbours on all of them. The cities themselves spread 1.9% on unemployment, so Folsom, CA sits at one end of an already wide local range rather than apart from it. Folsom, CA has the 5th lowest unemployment of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Folsom, CA | 83,916 | $140,179 #3/5 | 3.8%/yr #4/5 | 6.3% #5/5 | 0.547 #5/5 |
| Orangevale, CA | 35,887 | $100,709 | 4.2%/yr | 5.1% | 0.534 |
| El Dorado Hills, CA | 49,876 | $158,699 | 3.4%/yr | 4.0% | 0.523 |
| Granite Bay, CA | 20,314 | $178,780 | 5.1%/yr | 5.2% | 0.538 |
| Fair Oaks, CA | 32,617 | $117,596 | 6.1%/yr | 6.0% | 0.512 |
Conclusion
Considering all these factors, Folsom, 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 Folsom, California.
How Rich Is Folsom, California?
Folsom 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 $140,179, about 41% higher than the California average of $99,161.
Are incomes growing in Folsom, California?
Between 2009 and 2024, the median household income in Folsom, California rose 50%, from $93,366 to $140,179. Over the same years, income here lagged behind California as a whole: +50% against +64%.
What was the median household income in Folsom in 2023?
In 2023, the median household income in Folsom, California was $137,697, up 2% from $135,028 in 2022. The California median that year was $96,718.
What was the median household income in Folsom in 2020?
In 2020, the median household income in Folsom, California was $118,258. By 2024 it had risen 19% to $140,179.
Is Folsom, California a high-income area?
Yes. 28% of adults in Folsom, California earn $100,000 or more a year (about 1 in 4), against 18% (about 1 in 6) in California. 34% of households have a combined income of $200,000 or more, compared with 20% in California.
What is the Gini coefficient in Folsom, California?
The Gini coefficient in Folsom is 0.547. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Folsom, California?
Since 2009, the income gap between men and women in Folsom, California has narrowed from about 29% to 27% in 2024. Over that period the gap was widest at 31% in 2020, and was narrowest at 27% in 2023. In dollar terms, the gap has widened by $8,505 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →