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 | Loma Linda | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,746 | $96,718 | $78,145 |
| Median Personal Income | $60,592 | $68,943 | $61,726 |
| Average income growth | 7.1% | 6.0% | 5.1% |
| Six-Figure Earners | 11.3% | 16.9% | 13.2% |
The median household income in Loma Linda is about 18% lower than in California. Income has been growing faster in Loma Linda (7.1%/yr) than in California (6.0%/yr).
About 11% of adults in Loma Linda 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 Loma Linda, California grew by 62.5% from 2009 to 2023, reaching $79,746 in 2023. That's an average of about 7.1% per year.
Economic Inequality in Loma Linda | Gender Pay Gap | Gini Coefficient
| Metric | Loma Linda | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.615 | 0.596 | 0.570 |
| Male Median Income | $57,243 | $73,016 | $67,746 |
| Female Median Income | $63,338 | $63,704 | $54,793 |
| Gender Pay Gap | -10.6% | 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 Loma Linda, it is 0.615, 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.
Women's income is about 11% more than men's income in Loma Linda, California. Over a 35-year career, a 11% wage gap accumulates to roughly $213,325 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Loma Linda, California has widened from about 8% to -11% in 2023. In dollar terms, the gap has narrowed by $9,810 since 2009.
Employment
| Metric | Loma Linda | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.4% | 5.2% |
| Working from Home | 9.1% | 15.5% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 679 people are unemployed in Loma Linda, California.
The average commute time in Loma Linda is 17 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Loma Linda, California has fallen from 8.8% to 5.9% in 2023.
Conclusion
Considering all these factors, Loma Linda, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Loma Linda, California.
How Rich Is Loma Linda, California?
Loma Linda has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $79,746, about 18% lower than the California average of $96,718.
What is the current median household income in Loma Linda, California?
As of 2023, the median household income in Loma Linda, California is $79,746.
What was the median household income in Loma Linda in 2023?
In 2023, the median household income in Loma Linda, California was $79,746.
What was the median household income in Loma Linda in 2020?
In 2020, the median household income in Loma Linda, California was $55,652.
What is the Gini coefficient in Loma Linda, California?
The Gini coefficient in Loma Linda is 0.615. 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 Loma Linda, California?
Since 2009, the income gap between men and women in Loma Linda, California has widened from about 8% to -11% in 2023. In dollar terms, the gap has narrowed by $9,810 since 2009.