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 | Morgan Hill | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $151,177 | $96,718 | $78,145 |
| Median Personal Income | $96,821 | $68,943 | $61,726 |
| Average income growth | 7.0% | 6.0% | 5.1% |
| Six-Figure Earners | 27.1% | 16.9% | 13.2% |
The median household income in Morgan Hill is about 56% higher than in California. Income has been growing faster in Morgan Hill (7.0%/yr) than in California (6.0%/yr).
About 27% of adults in Morgan Hill 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 Morgan Hill, California grew by 68.9% from 2009 to 2023, reaching $151,177 in 2023. That's an average of about 7.0% per year.
Economic Inequality in Morgan Hill | Gender Pay Gap | Gini Coefficient
| Metric | Morgan Hill | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.546 | 0.596 | 0.570 |
| Male Median Income | $106,960 | $73,016 | $67,746 |
| Female Median Income | $85,207 | $63,704 | $54,793 |
| Gender Pay Gap | 20.3% | 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 Morgan Hill, it is 0.546, 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 26% more than women's income in Morgan Hill, California. Over a 35-year career, a 26% wage gap accumulates to roughly $761,355 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgan Hill, California has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has widened by $1,171 since 2009.
Employment
| Metric | Morgan Hill | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 6.4% | 5.2% |
| Working from Home | 18.2% | 15.5% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 796 people are unemployed in Morgan Hill, California.
The average commute time in Morgan Hill is 32 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgan Hill, California has fallen from 9.4% to 5.0% in 2023.
Conclusion
Considering all these factors, Morgan Hill, 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 Morgan Hill, California.
How Rich Is Morgan Hill, California?
Morgan Hill 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 $151,177, about 56% higher than the California average of $96,718.
What is the current median household income in Morgan Hill, California?
As of 2023, the median household income in Morgan Hill, California is $151,177.
What was the median household income in Morgan Hill in 2023?
In 2023, the median household income in Morgan Hill, California was $151,177.
What was the median household income in Morgan Hill in 2020?
In 2020, the median household income in Morgan Hill, California was $121,166.
What is the Gini coefficient in Morgan Hill, California?
The Gini coefficient in Morgan Hill is 0.546. 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 Morgan Hill, California?
Since 2009, the income gap between men and women in Morgan Hill, California has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has widened by $1,171 since 2009.