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 | Millbrae | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $159,277 | $96,718 | $78,145 |
| Median Personal Income | $107,067 | $68,943 | $61,726 |
| Average income growth | 7.2% | 6.0% | 5.1% |
| Six-Figure Earners | 30.7% | 16.9% | 13.2% |
The median household income in Millbrae is about 65% higher than in California. Income has been growing faster in Millbrae (7.2%/yr) than in California (6.0%/yr).
About 31% of adults in Millbrae 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 Millbrae, California grew by 96.3% from 2009 to 2023, reaching $159,277 in 2023. That's an average of about 7.2% per year.
Economic Inequality in Millbrae | Gender Pay Gap | Gini Coefficient
| Metric | Millbrae | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.596 | 0.570 |
| Male Median Income | $111,662 | $73,016 | $67,746 |
| Female Median Income | $99,902 | $63,704 | $54,793 |
| Gender Pay Gap | 10.5% | 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 Millbrae, it is 0.542, lower than California's 0.596, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Millbrae, California. Over a 35-year career, a 12% wage gap accumulates to roughly $411,600 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Millbrae, California has narrowed from about 23% to 11% in 2023. In dollar terms, the gap has narrowed by $4,251 since 2009.
Employment
| Metric | Millbrae | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 6.4% | 5.2% |
| Working from Home | 19.9% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 755 people are unemployed in Millbrae, California.
The average commute time in Millbrae is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Millbrae, California has fallen from 6.3% to 6.2% in 2023.
Conclusion
Considering all these factors, Millbrae, California has an overall wealth index grade of A+, making it far better than California, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Millbrae, California.
How Rich Is Millbrae, California?
Millbrae 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 it is one of the most prosperous areas in the country. The median household income is $159,277, about 65% higher than the California average of $96,718.
What is the current median household income in Millbrae, California?
As of 2023, the median household income in Millbrae, California is $159,277.
What was the median household income in Millbrae in 2023?
In 2023, the median household income in Millbrae, California was $159,277.
What was the median household income in Millbrae in 2020?
In 2020, the median household income in Millbrae, California was $126,828.
What is the Gini coefficient in Millbrae, California?
The Gini coefficient in Millbrae is 0.542. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Millbrae, California?
Since 2009, the income gap between men and women in Millbrae, California has narrowed from about 23% to 11% in 2023. In dollar terms, the gap has narrowed by $4,251 since 2009.