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 | Laguna Hills | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,422 | $96,718 | $78,145 |
| Median Personal Income | $93,415 | $68,943 | $61,726 |
| Average income growth | 4.1% | 6.0% | 5.1% |
| Six-Figure Earners | 25.2% | 16.9% | 13.2% |
The median household income in Laguna Hills is about 12% higher than in California. Income has been growing slower in Laguna Hills (4.1%/yr) than in California (6.0%/yr).
About 25% of adults in Laguna Hills 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 Laguna Hills, California grew by 47.4% from 2009 to 2023, reaching $108,422 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Laguna Hills | Gender Pay Gap | Gini Coefficient
| Metric | Laguna Hills | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.582 | 0.596 | 0.570 |
| Male Median Income | $98,642 | $73,016 | $67,746 |
| Female Median Income | $83,842 | $63,704 | $54,793 |
| Gender Pay Gap | 15.0% | 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 Laguna Hills, it is 0.582, 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 18% more than women's income in Laguna Hills, California. Over a 35-year career, a 18% wage gap accumulates to roughly $518,000 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Laguna Hills, California has narrowed from about 29% to 15% in 2023. In dollar terms, the gap has narrowed by $7,134 since 2009.
Employment
| Metric | Laguna Hills | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 6.4% | 5.2% |
| Working from Home | 18.3% | 15.5% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 830 people are unemployed in Laguna Hills, California.
The average commute time in Laguna Hills is 21 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Laguna Hills, California has fallen from 8.4% to 5.6% in 2023.
Conclusion
Considering all these factors, Laguna Hills, 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 Laguna Hills, California.
How Rich Is Laguna Hills, California?
Laguna Hills 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 $108,422, about 12% higher than the California average of $96,718.
What is the current median household income in Laguna Hills, California?
As of 2023, the median household income in Laguna Hills, California is $108,422.
What was the median household income in Laguna Hills in 2023?
In 2023, the median household income in Laguna Hills, California was $108,422.
What was the median household income in Laguna Hills in 2020?
In 2020, the median household income in Laguna Hills, California was $89,451.
What is the Gini coefficient in Laguna Hills, California?
The Gini coefficient in Laguna Hills is 0.582. 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 Laguna Hills, California?
Since 2009, the income gap between men and women in Laguna Hills, California has narrowed from about 29% to 15% in 2023. In dollar terms, the gap has narrowed by $7,134 since 2009.