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 | Garden Grove | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $91,042 | $96,718 | $78,145 |
| Median Personal Income | $54,974 | $68,943 | $61,726 |
| Average income growth | 6.0% | 6.0% | 5.1% |
| Six-Figure Earners | 9.1% | 16.9% | 13.2% |
The median household income in Garden Grove is about 6% lower than in California. Income has been growing slower in Garden Grove (6.0%/yr) than in California (6.0%/yr).
About 9% of adults in Garden Grove 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 Garden Grove, California grew by 49.1% from 2009 to 2023, reaching $91,042 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Garden Grove | Gender Pay Gap | Gini Coefficient
| Metric | Garden Grove | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.596 | 0.570 |
| Male Median Income | $58,119 | $73,016 | $67,746 |
| Female Median Income | $52,071 | $63,704 | $54,793 |
| Gender Pay Gap | 10.4% | 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 Garden Grove, it is 0.590, lower than California's 0.596, so income is more evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 12% more than women's income in Garden Grove, California. Over a 35-year career, a 12% wage gap accumulates to roughly $211,680 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Garden Grove, California has narrowed from about 15% to 10% in 2023. In dollar terms, the gap has narrowed by $90 since 2009.
Employment
| Metric | Garden Grove | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 6.4% | 5.2% |
| Working from Home | 9.8% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 5,251 people are unemployed in Garden Grove, California.
The average commute time in Garden Grove is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Garden Grove, California has fallen from 10.8% to 5.7% in 2023.
Conclusion
Considering all these factors, Garden Grove, 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 Garden Grove, California.
How Rich Is Garden Grove, California?
Garden Grove 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 $91,042, about 6% lower than the California average of $96,718.
What is the current median household income in Garden Grove, California?
As of 2023, the median household income in Garden Grove, California is $91,042.
What was the median household income in Garden Grove in 2023?
In 2023, the median household income in Garden Grove, California was $91,042.
What was the median household income in Garden Grove in 2020?
In 2020, the median household income in Garden Grove, California was $75,197.
What is the Gini coefficient in Garden Grove, California?
The Gini coefficient in Garden Grove is 0.590. 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 Garden Grove, California?
Since 2009, the income gap between men and women in Garden Grove, California has narrowed from about 15% to 10% in 2023. In dollar terms, the gap has narrowed by $90 since 2009.