Wealth Index
Less wealthy than 88% of counties in California
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 | Madera County | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,620 | $96,718 | $78,145 |
| Median Personal Income | $50,987 | $68,943 | $61,726 |
| Average income growth | 7.4% | 6.0% | 5.1% |
| Six-Figure Earners | 8.0% | 16.9% | 13.2% |
The median household income in Madera County is about 22% lower than in California. Income has been growing faster in Madera County (7.4%/yr) than in California (6.0%/yr).
About 8% of adults in Madera 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 Madera County, California grew by 64.4% from 2009 to 2023, reaching $75,620 in 2023. That's an average of about 7.4% per year.
Economic Inequality in Madera County | Gender Pay Gap | Gini Coefficient
| Metric | Madera County | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.608 | 0.596 | 0.570 |
| Male Median Income | $56,223 | $73,016 | $67,746 |
| Female Median Income | $45,343 | $63,704 | $54,793 |
| Gender Pay Gap | 19.4% | 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 Madera County, it is 0.608, 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 24% more than women's income in Madera County, California. Over a 35-year career, a 24% wage gap accumulates to roughly $380,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madera County, California has widened from about 13% to 19% in 2023. In dollar terms, the gap has widened by $6,023 since 2009.
Employment
| Metric | Madera County | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 10.5% | 6.4% | 5.2% |
| Working from Home | 8.4% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 7,165 people are unemployed in Madera County, California.
The average commute time in Madera County is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madera County, California has fallen from 11.3% to 10.5% in 2023.
Conclusion
Considering all these factors, Madera County, 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 Madera County, California.
How Rich Is Madera County, California?
Madera County 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 $75,620, about 22% lower than the California average of $96,718.
What is the current median household income in Madera County, California?
As of 2023, the median household income in Madera County, California is $75,620.
What was the median household income in Madera County in 2023?
In 2023, the median household income in Madera County, California was $75,620.
What was the median household income in Madera County in 2020?
In 2020, the median household income in Madera County, California was $61,687.
What is the Gini coefficient in Madera County, California?
The Gini coefficient in Madera County is 0.608. 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 Madera County, California?
Since 2009, the income gap between men and women in Madera County, California has widened from about 13% to 19% in 2023. In dollar terms, the gap has widened by $6,023 since 2009.