Monrovia, California Income Statistics
Monrovia Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Monrovia Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Monrovia | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $96,206 | $99,161 | $80,455 |
| Median Personal Income | $68,082 | $67,742 | $60,758 |
| Average Yearly Income Growth | 4.3% | 5.6% | 4.8% |
| Six-Figure Earners | 16.9% | 17.6% | 13.9% |
| $200k+ Households | 16.7% | 20.5% | 13.2% |
The median household income in Monrovia is about 3% lower than in California. Income has been growing slower in Monrovia (4.3%/yr) than in California (5.6%/yr).
About 17% of adults in Monrovia earn six figures ($100,000 or more) a year, lower than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Monrovia, California grew by 46.5% from 2009 to 2024, reaching $96,206 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Monrovia
| Metric | Monrovia | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.572 | 0.552 |
| Male Median Income | $72,471 | $75,172 | $69,667 |
| Female Median Income | $70,926 | $66,071 | $56,850 |
| Gender Pay Gap | 2.1% | 12.1% | 18.4% |
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 Monrovia, it is 0.540, lower than California's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 2% more than women's income in Monrovia, California. Over a 35-year career, a 2% wage gap accumulates to roughly $54,075 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Monrovia, California has narrowed from about 20% to 2% in 2024. Over that period the gap was widest at 24% in 2014, and in 2021 women out-earned men by 1%. In dollar terms, the gap has narrowed by $9,338 since 2009.
Employment
| Metric | Monrovia | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.6% | 5.2% |
| Working from Home | 17.8% | 17.2% | 15.0% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,011 people are unemployed in Monrovia, California.
The average commute time in Monrovia is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Monrovia, California has fallen from 6.4% to 4.9% in 2024. Over that period the rate peaked at 10.3% in 2015.
Monrovia, CA Wealth Compared With Nearby Cities
How Monrovia, CA compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Monrovia, CA | 38,860 | $96,206 #3/3 | 4.3%/yr #2/3 | 4.9% #1/3 | 0.540 #2/3 |
| Duarte, CA | 22,184 | $104,798 | 5.9%/yr | 5.6% | 0.525 |
| Arcadia, CA | 59,130 | $114,042 | 4.0%/yr | 5.7% | 0.573 |
Conclusion
Considering all these factors, Monrovia, California has an overall wealth index grade of B, making it somewhat better than California, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Monrovia, California.
How Rich Is Monrovia, California?
Monrovia has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $96,206, about 3% lower than the California average of $99,161.
Are incomes growing in Monrovia, California?
Between 2009 and 2024, the median household income in Monrovia, California rose 46%, from $65,672 to $96,206. Over the same years, income here lagged behind California as a whole: +46% against +64%.
What was the median household income in Monrovia in 2023?
In 2023, the median household income in Monrovia, California was $98,117, up 3% from $95,482 in 2022. The California median that year was $96,718.
What was the median household income in Monrovia in 2020?
In 2020, the median household income in Monrovia, California was $82,143. By 2024 it had risen 17% to $96,206.
How strong is the job market in Monrovia, California?
Unemployment in Monrovia, California is only 4.9%, well below the California rate of 6.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Monrovia, California?
The Gini coefficient in Monrovia is 0.540. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Monrovia, California?
Since 2009, the income gap between men and women in Monrovia, California has narrowed from about 20% to 2% in 2024. Over that period the gap was widest at 24% in 2014, and in 2021 women out-earned men by 1%. In dollar terms, the gap has narrowed by $9,338 since 2009.
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