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 | Moorpark | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $144,010 | $96,718 | $78,145 |
| Median Personal Income | $73,766 | $68,943 | $61,726 |
| Average income growth | 5.0% | 6.0% | 5.1% |
| Six-Figure Earners | 20.2% | 16.9% | 13.2% |
The median household income in Moorpark is about 49% higher than in California. Income has been growing slower in Moorpark (5.0%/yr) than in California (6.0%/yr).
About 20% of adults in Moorpark 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 Moorpark, California grew by 51.5% from 2009 to 2023, reaching $144,010 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Moorpark | Gender Pay Gap | Gini Coefficient
| Metric | Moorpark | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.596 | 0.570 |
| Male Median Income | $78,139 | $73,016 | $67,746 |
| Female Median Income | $69,026 | $63,704 | $54,793 |
| Gender Pay Gap | 11.7% | 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 Moorpark, it is 0.565, lower than California's 0.596, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 13% more than women's income in Moorpark, California. Over a 35-year career, a 13% wage gap accumulates to roughly $318,955 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Moorpark, California has narrowed from about 33% to 12% in 2023. In dollar terms, the gap has narrowed by $11,236 since 2009.
Employment
| Metric | Moorpark | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.4% | 5.2% |
| Working from Home | 16.2% | 15.5% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 544 people are unemployed in Moorpark, California.
The average commute time in Moorpark is 22 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Moorpark, California has fallen from 6.6% to 4.9% in 2023.
Conclusion
Considering all these factors, Moorpark, 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 Moorpark, California.
How Rich Is Moorpark, California?
Moorpark 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 $144,010, about 49% higher than the California average of $96,718.
What is the current median household income in Moorpark, California?
As of 2023, the median household income in Moorpark, California is $144,010.
What was the median household income in Moorpark in 2023?
In 2023, the median household income in Moorpark, California was $144,010.
What was the median household income in Moorpark in 2020?
In 2020, the median household income in Moorpark, California was $118,394.
What is the Gini coefficient in Moorpark, California?
The Gini coefficient in Moorpark is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Moorpark, California?
Since 2009, the income gap between men and women in Moorpark, California has narrowed from about 33% to 12% in 2023. In dollar terms, the gap has narrowed by $11,236 since 2009.