Hanford, California Income Statistics
Hanford Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Hanford Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hanford | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,648 | $99,161 | $80,455 |
| Median Personal Income | $58,098 | $67,742 | $60,758 |
| Average Yearly Income Growth | 5.1% | 5.6% | 4.8% |
| Six-Figure Earners | 11.3% | 17.6% | 13.9% |
| $200k+ Households | 9.4% | 20.5% | 13.2% |
The median household income in Hanford is about 22% lower than in California. Income has been growing slower in Hanford (5.1%/yr) than in California (5.6%/yr).
About 11% of adults in Hanford earn six figures ($100,000 or more) a year, lower than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hanford, California grew by 51.1% from 2009 to 2024, reaching $77,648 in 2024. That's an average of about 5.1% per year.
Hanford has crossed the U.S. median household income 3 times since 2009, most recently dropping below it by 2023. In 2024 its income was 3.5% lower.
Income Distribution in Hanford
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 6,466 households (38.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 22.6% of households in Hanford had an income under $35,000 and 20.1% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Hanford has a larger share of households earning $100,000 to $149,999 (18.6% vs 17.4%) and a smaller share earning $200,000 or more (9.4% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 992 | 5.9% | 5.1% |
| $10,000 to $14,999 | 444 | 2.7% | 3.5% |
| $15,000 to $24,999 | 1,076 | 6.4% | 6.4% |
| $25,000 to $34,999 | 1,262 | 7.5% | 6.7% |
| $35,000 to $49,999 | 1,812 | 10.8% | 10.1% |
| $50,000 to $74,999 | 2,553 | 15.3% | 15.5% |
| $75,000 to $99,999 | 2,122 | 12.7% | 12.6% |
| $100,000 to $149,999 | 3,112 | 18.6% | 17.4% |
| $150,000 to $199,999 | 1,778 | 10.6% | 9.5% |
| $200,000 or more | 1,576 | 9.4% | 13.2% |
Shares are of all 16,727 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 4,421 residents (11.3% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 13.6% of residents who have any income.
In 2024, 16.4% of Hanford residents aged 15 and over reported no personal income, 29.9% had some income but less than $25,000, and 20.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Hanford has a larger share of residents with no personal income (16.4% vs 12.8%) and a smaller share earning $100,000 or more (11.3% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 6,406 | 16.4% | 12.8% |
| $1 to $9,999 | 4,122 | 10.6% | 11.2% |
| $10,000 to $14,999 | 3,264 | 8.4% | 7.0% |
| $15,000 to $24,999 | 4,291 | 11.0% | 10.5% |
| $25,000 to $34,999 | 3,286 | 8.4% | 9.5% |
| $35,000 to $49,999 | 4,276 | 11.0% | 12.6% |
| $50,000 to $74,999 | 5,355 | 13.7% | 14.3% |
| $75,000 to $99,999 | 3,603 | 9.2% | 8.2% |
| $100,000 or more | 4,421 | 11.3% | 13.9% |
Shares are of the 39,025 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 16.4% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Hanford
| Metric | Hanford | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.572 | 0.552 |
| Male Median Income | $68,861 | $75,172 | $69,667 |
| Female Median Income | $59,739 | $66,071 | $56,850 |
| Gender Pay Gap | 13.2% | 12.1% | 18.4% |
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 Hanford, it is 0.570, about the same as California's 0.572, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 15% more than women's income in Hanford, California. Over a 35-year career, a 15% wage gap accumulates to roughly $319,270 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hanford, California has narrowed from about 27% to 13% in 2024. Over that period the gap was narrowest at 7% in 2022. In dollar terms, the gap has narrowed by $3,820 since 2009.
Employment
| Metric | Hanford | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.7% | 6.6% | 5.2% |
| Working from Home | 6.4% | 17.2% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 2,038 people are unemployed in Hanford, California.
The average commute time in Hanford is 20 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hanford, California has fallen from 11.2% to 8.7% in 2024. Over that period the rate peaked at 13.4% in 2013 and fell as low as 6.9% in 2019.
Hanford has stayed well above the U.S. unemployment rate in every year from 2011 to 2024 and has never dropped below it. It came closest in 2018, at 1.3 points higher. The gap has widened from 2.5 points in 2011 to 3.4 points in 2024.
Conclusion
Considering all these factors, Hanford, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hanford, California.
How Rich Is Hanford, California?
Hanford has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $77,648, about 22% lower than the California average of $99,161.
Are incomes growing in Hanford, California?
Between 2009 and 2024, the median household income in Hanford, California rose 51%, from $51,384 to $77,648. Over the same years, income here lagged behind California as a whole: +51% against +64%.
What was the median household income in Hanford in 2023?
In 2023, the median household income in Hanford, California was $73,953, down 2% from $75,570 in 2022. The California median that year was $96,718.
What was the median household income in Hanford in 2020?
In 2020, the median household income in Hanford, California was $68,061. By 2024 it had risen 14% to $77,648.
Is unemployment high in Hanford, California?
Unemployment in Hanford, California is 8.7%, well above the California rate of 6.6%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Hanford, California?
The Gini coefficient in Hanford is 0.570. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Hanford, California?
Since 2009, the income gap between men and women in Hanford, California has narrowed from about 27% to 13% in 2024. Over that period the gap was narrowest at 7% in 2022. In dollar terms, the gap has narrowed by $3,820 since 2009.
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