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 | Foothill Farms | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,935 | $96,718 | $78,145 |
| Median Personal Income | $50,240 | $68,943 | $61,726 |
| Average income growth | 5.8% | 6.0% | 5.1% |
| Six-Figure Earners | 4.9% | 16.9% | 13.2% |
The median household income in Foothill Farms is about 32% lower than in California. Income has been growing slower in Foothill Farms (5.8%/yr) than in California (6.0%/yr).
About 5% of adults in Foothill Farms 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 Foothill Farms, California grew by 42.5% from 2009 to 2023, reaching $65,935 in 2023. That's an average of about 5.8% per year.
Economic Inequality in Foothill Farms | Gender Pay Gap | Gini Coefficient
| Metric | Foothill Farms | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.596 | 0.570 |
| Male Median Income | $52,983 | $73,016 | $67,746 |
| Female Median Income | $47,143 | $63,704 | $54,793 |
| Gender Pay Gap | 11.0% | 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 Foothill Farms, it is 0.539, 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 12% more than women's income in Foothill Farms, California. Over a 35-year career, a 12% wage gap accumulates to roughly $204,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Foothill Farms, California has narrowed from about 16% to 11% in 2023. In dollar terms, the gap has narrowed by $1,310 since 2009.
Employment
| Metric | Foothill Farms | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.5% | 6.4% | 5.2% |
| Working from Home | 11.2% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,282 people are unemployed in Foothill Farms, California.
The average commute time in Foothill Farms is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Foothill Farms, California has fallen from 13.5% to 7.5% in 2023.
Conclusion
Considering all these factors, Foothill Farms, 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 Foothill Farms, California.
How Rich Is Foothill Farms, California?
Foothill Farms 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 $65,935, about 32% lower than the California average of $96,718.
What is the current median household income in Foothill Farms, California?
As of 2023, the median household income in Foothill Farms, California is $65,935.
What was the median household income in Foothill Farms in 2023?
In 2023, the median household income in Foothill Farms, California was $65,935.
What was the median household income in Foothill Farms in 2020?
In 2020, the median household income in Foothill Farms, California was $54,404.
What is the Gini coefficient in Foothill Farms, California?
The Gini coefficient in Foothill Farms is 0.539. 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 Foothill Farms, California?
Since 2009, the income gap between men and women in Foothill Farms, California has narrowed from about 16% to 11% in 2023. In dollar terms, the gap has narrowed by $1,310 since 2009.