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 | Mission Viejo | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $137,139 | $96,718 | $78,145 |
| Median Personal Income | $98,327 | $68,943 | $61,726 |
| Average income growth | 3.8% | 6.0% | 5.1% |
| Six-Figure Earners | 26.3% | 16.9% | 13.2% |
The median household income in Mission Viejo is about 42% higher than in California. Income has been growing slower in Mission Viejo (3.8%/yr) than in California (6.0%/yr).
About 26% of adults in Mission Viejo 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 Mission Viejo, California grew by 45.8% from 2009 to 2023, reaching $137,139 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Mission Viejo | Gender Pay Gap | Gini Coefficient
| Metric | Mission Viejo | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.596 | 0.570 |
| Male Median Income | $108,342 | $73,016 | $67,746 |
| Female Median Income | $86,671 | $63,704 | $54,793 |
| Gender Pay Gap | 20.0% | 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 Mission Viejo, it is 0.559, 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 25% more than women's income in Mission Viejo, California. Over a 35-year career, a 25% wage gap accumulates to roughly $758,485 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mission Viejo, California has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has narrowed by $124 since 2009.
Employment
| Metric | Mission Viejo | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 6.4% | 5.2% |
| Working from Home | 20.3% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 2,311 people are unemployed in Mission Viejo, California.
The average commute time in Mission Viejo is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mission Viejo, California has fallen from 7.5% to 4.6% in 2023.
Conclusion
Considering all these factors, Mission Viejo, 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 Mission Viejo, California.
How Rich Is Mission Viejo, California?
Mission Viejo 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 $137,139, about 42% higher than the California average of $96,718.
What is the current median household income in Mission Viejo, California?
As of 2023, the median household income in Mission Viejo, California is $137,139.
What was the median household income in Mission Viejo in 2023?
In 2023, the median household income in Mission Viejo, California was $137,139.
What was the median household income in Mission Viejo in 2020?
In 2020, the median household income in Mission Viejo, California was $121,452.
What is the Gini coefficient in Mission Viejo, California?
The Gini coefficient in Mission Viejo is 0.559. 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 Mission Viejo, California?
Since 2009, the income gap between men and women in Mission Viejo, California has narrowed from about 28% to 20% in 2023. In dollar terms, the gap has narrowed by $124 since 2009.