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 Niguel | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $138,736 | $96,718 | $78,145 |
| Median Personal Income | $102,980 | $68,943 | $61,726 |
| Average income growth | 5.1% | 6.0% | 5.1% |
| Six-Figure Earners | 28.9% | 16.9% | 13.2% |
The median household income in Laguna Niguel is about 43% higher than in California. Income has been growing slower in Laguna Niguel (5.1%/yr) than in California (6.0%/yr).
About 29% of adults in Laguna Niguel 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 Niguel, California grew by 45.5% from 2009 to 2023, reaching $138,736 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Laguna Niguel | Gender Pay Gap | Gini Coefficient
| Metric | Laguna Niguel | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.596 | 0.570 |
| Male Median Income | $116,580 | $73,016 | $67,746 |
| Female Median Income | $84,110 | $63,704 | $54,793 |
| Gender Pay Gap | 27.9% | 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 Niguel, it is 0.565, lower than California's 0.596, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 39% more than women's income in Laguna Niguel, California. Over a 35-year career, a 39% wage gap accumulates to roughly $1,136,450 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 Niguel, California has narrowed from about 37% to 28% in 2023. In dollar terms, the gap has narrowed by $2,101 since 2009.
Employment
| Metric | Laguna Niguel | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 6.4% | 5.2% |
| Working from Home | 24.7% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 2,337 people are unemployed in Laguna Niguel, California.
The average commute time in Laguna Niguel is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Laguna Niguel, California has fallen from 7.3% to 6.9% in 2023.
Conclusion
Considering all these factors, Laguna Niguel, California has an overall wealth index grade of A, making it notably better than California, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Laguna Niguel, California.
How Rich Is Laguna Niguel, California?
Laguna Niguel has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $138,736, about 43% higher than the California average of $96,718.
What is the current median household income in Laguna Niguel, California?
As of 2023, the median household income in Laguna Niguel, California is $138,736.
What was the median household income in Laguna Niguel in 2023?
In 2023, the median household income in Laguna Niguel, California was $138,736.
What was the median household income in Laguna Niguel in 2020?
In 2020, the median household income in Laguna Niguel, California was $117,506.
What is the Gini coefficient in Laguna Niguel, California?
The Gini coefficient in Laguna Niguel is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Laguna Niguel, California?
Since 2009, the income gap between men and women in Laguna Niguel, California has narrowed from about 37% to 28% in 2023. In dollar terms, the gap has narrowed by $2,101 since 2009.