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 | Glendora | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $112,368 | $96,718 | $78,145 |
| Median Personal Income | $75,124 | $68,943 | $61,726 |
| Average income growth | 5.5% | 6.0% | 5.1% |
| Six-Figure Earners | 17.9% | 16.9% | 13.2% |
The median household income in Glendora is about 16% higher than in California. Income has been growing slower in Glendora (5.5%/yr) than in California (6.0%/yr).
About 18% of adults in Glendora 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 Glendora, California grew by 50.4% from 2009 to 2023, reaching $112,368 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Glendora | Gender Pay Gap | Gini Coefficient
| Metric | Glendora | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.604 | 0.596 | 0.570 |
| Male Median Income | $84,167 | $73,016 | $67,746 |
| Female Median Income | $66,454 | $63,704 | $54,793 |
| Gender Pay Gap | 21.0% | 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 Glendora, it is 0.604, higher than California's 0.596, so income is less 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 27% more than women's income in Glendora, California. Over a 35-year career, a 27% wage gap accumulates to roughly $619,955 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glendora, California has narrowed from about 29% to 21% in 2023. In dollar terms, the gap has narrowed by $379 since 2009.
Employment
| Metric | Glendora | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.4% | 5.2% |
| Working from Home | 16.0% | 15.5% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 1,535 people are unemployed in Glendora, California.
The average commute time in Glendora is 30 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glendora, California has fallen from 7.8% to 5.9% in 2023.
Conclusion
Considering all these factors, Glendora, 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 Glendora, California.
How Rich Is Glendora, California?
Glendora 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 $112,368, about 16% higher than the California average of $96,718.
What is the current median household income in Glendora, California?
As of 2023, the median household income in Glendora, California is $112,368.
What was the median household income in Glendora in 2023?
In 2023, the median household income in Glendora, California was $112,368.
What was the median household income in Glendora in 2020?
In 2020, the median household income in Glendora, California was $98,525.
What is the Gini coefficient in Glendora, California?
The Gini coefficient in Glendora is 0.604. 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 Glendora, California?
Since 2009, the income gap between men and women in Glendora, California has narrowed from about 29% to 21% in 2023. In dollar terms, the gap has narrowed by $379 since 2009.