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 | Hacienda Heights | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $106,788 | $96,718 | $78,145 |
| Median Personal Income | $63,209 | $68,943 | $61,726 |
| Average income growth | 4.7% | 6.0% | 5.1% |
| Six-Figure Earners | 13.7% | 16.9% | 13.2% |
The median household income in Hacienda Heights is about 10% higher than in California. Income has been growing slower in Hacienda Heights (4.7%/yr) than in California (6.0%/yr).
About 14% of adults in Hacienda Heights 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 Hacienda Heights, California grew by 52.7% from 2009 to 2023, reaching $106,788 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Hacienda Heights | Gender Pay Gap | Gini Coefficient
| Metric | Hacienda Heights | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.596 | 0.570 |
| Male Median Income | $69,626 | $73,016 | $67,746 |
| Female Median Income | $54,886 | $63,704 | $54,793 |
| Gender Pay Gap | 21.2% | 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 Hacienda Heights, 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 27% more than women's income in Hacienda Heights, California. Over a 35-year career, a 27% wage gap accumulates to roughly $515,900 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hacienda Heights, California has widened from about 14% to 21% in 2023. In dollar terms, the gap has widened by $7,832 since 2009.
Employment
| Metric | Hacienda Heights | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 6.4% | 5.2% |
| Working from Home | 12.3% | 15.5% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 1,327 people are unemployed in Hacienda Heights, California.
The average commute time in Hacienda Heights is 31 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hacienda Heights, California has fallen from 7.6% to 5.0% in 2023.
Conclusion
Considering all these factors, Hacienda Heights, 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 Hacienda Heights, California.
How Rich Is Hacienda Heights, California?
Hacienda Heights 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 $106,788, about 10% higher than the California average of $96,718.
What is the current median household income in Hacienda Heights, California?
As of 2023, the median household income in Hacienda Heights, California is $106,788.
What was the median household income in Hacienda Heights in 2023?
In 2023, the median household income in Hacienda Heights, California was $106,788.
What was the median household income in Hacienda Heights in 2020?
In 2020, the median household income in Hacienda Heights, California was $91,253.
What is the Gini coefficient in Hacienda Heights, California?
The Gini coefficient in Hacienda Heights 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 Hacienda Heights, California?
Since 2009, the income gap between men and women in Hacienda Heights, California has widened from about 14% to 21% in 2023. In dollar terms, the gap has widened by $7,832 since 2009.