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 | Los Angeles County | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,173 | $96,718 | $78,145 |
| Median Personal Income | $61,993 | $68,943 | $61,726 |
| Average income growth | 6.1% | 6.0% | 5.1% |
| Six-Figure Earners | 14.4% | 16.9% | 13.2% |
The median household income in Los Angeles County is about 9% lower than in California. Income has been growing faster in Los Angeles County (6.1%/yr) than in California (6.0%/yr).
About 14% of adults in Los Angeles County 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 Los Angeles County, California grew by 60.0% from 2009 to 2023, reaching $88,173 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Los Angeles County | Gender Pay Gap | Gini Coefficient
| Metric | Los Angeles County | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.602 | 0.596 | 0.570 |
| Male Median Income | $64,322 | $73,016 | $67,746 |
| Female Median Income | $59,037 | $63,704 | $54,793 |
| Gender Pay Gap | 8.2% | 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 Los Angeles County, it is 0.602, 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.
Men's income is about 9% more than women's income in Los Angeles County, California. Over a 35-year career, a 9% wage gap accumulates to roughly $184,975 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Los Angeles County, California has stayed about the same since 2009, at around 8%. In dollar terms, the gap has widened by $1,866 since 2009.
Employment
| Metric | Los Angeles County | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 6.4% | 5.2% |
| Working from Home | 15.2% | 15.5% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 365,475 people are unemployed in Los Angeles County, California.
The average commute time in Los Angeles County is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Los Angeles County, California has fallen from 9.8% to 7.0% in 2023.
Conclusion
Considering all these factors, Los Angeles County, 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 Los Angeles County, California.
How Rich Is Los Angeles County, California?
Los Angeles County 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 $88,173, about 9% lower than the California average of $96,718.
What is the current median household income in Los Angeles County, California?
As of 2023, the median household income in Los Angeles County, California is $88,173.
What was the median household income in Los Angeles County in 2023?
In 2023, the median household income in Los Angeles County, California was $88,173.
What was the median household income in Los Angeles County in 2020?
In 2020, the median household income in Los Angeles County, California was $71,628.
What is the Gini coefficient in Los Angeles County, California?
The Gini coefficient in Los Angeles County is 0.602. 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 Los Angeles County, California?
The income gap between men and women in Los Angeles County, California has stayed about the same since 2009, at around 8%. In dollar terms, the gap has widened by $1,866 since 2009.