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 | French Valley | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $131,548 | $96,718 | $78,145 |
| Median Personal Income | $77,064 | $68,943 | $61,726 |
| Average income growth | 4.9% | 6.0% | 5.1% |
| Six-Figure Earners | 18.3% | 16.9% | 13.2% |
The median household income in French Valley is about 36% higher than in California. Income has been growing slower in French Valley (4.9%/yr) than in California (6.0%/yr).
About 18% of adults in French Valley 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 French Valley, California grew by 40.6% from 2009 to 2023, reaching $131,548 in 2023. That's an average of about 4.9% per year.
Economic Inequality in French Valley | Gender Pay Gap | Gini Coefficient
| Metric | French Valley | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.600 | 0.596 | 0.570 |
| Male Median Income | $88,496 | $73,016 | $67,746 |
| Female Median Income | $63,102 | $63,704 | $54,793 |
| Gender Pay Gap | 28.7% | 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 French Valley, it is 0.600, about the same as California's 0.596, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 40% more than women's income in French Valley, California. Over a 35-year career, a 40% wage gap accumulates to roughly $888,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in French Valley, California has narrowed from about 40% to 29% in 2023. In dollar terms, the gap has narrowed by $2,494 since 2009.
Employment
| Metric | French Valley | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 6.4% | 5.2% |
| Working from Home | 15.5% | 15.5% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 966 people are unemployed in French Valley, California.
The average commute time in French Valley is 31 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in French Valley, California has fallen from 8.8% to 6.4% in 2023.
Conclusion
Considering all these factors, French Valley, California has an overall wealth index grade of B, making it somewhat better than California, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in French Valley, California.
How Rich Is French Valley, California?
French Valley has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $131,548, about 36% higher than the California average of $96,718.
What is the current median household income in French Valley, California?
As of 2023, the median household income in French Valley, California is $131,548.
What was the median household income in French Valley in 2023?
In 2023, the median household income in French Valley, California was $131,548.
What was the median household income in French Valley in 2020?
In 2020, the median household income in French Valley, California was $111,474.
What is the Gini coefficient in French Valley, California?
The Gini coefficient in French Valley is 0.600. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in French Valley, California?
Since 2009, the income gap between men and women in French Valley, California has narrowed from about 40% to 29% in 2023. In dollar terms, the gap has narrowed by $2,494 since 2009.