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 | Murrieta | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,395 | $96,718 | $78,145 |
| Median Personal Income | $77,235 | $68,943 | $61,726 |
| Average income growth | 5.4% | 6.0% | 5.1% |
| Six-Figure Earners | 16.5% | 16.9% | 13.2% |
The median household income in Murrieta is about 9% higher than in California. Income has been growing slower in Murrieta (5.4%/yr) than in California (6.0%/yr).
About 16% of adults in Murrieta earn six figures ($100,000 or more) a year, about the same as the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Murrieta, California grew by 44.2% from 2009 to 2023, reaching $105,395 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Murrieta | Gender Pay Gap | Gini Coefficient
| Metric | Murrieta | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.601 | 0.596 | 0.570 |
| Male Median Income | $84,976 | $73,016 | $67,746 |
| Female Median Income | $65,243 | $63,704 | $54,793 |
| Gender Pay Gap | 23.2% | 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 Murrieta, it is 0.601, higher than California's 0.596, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 30% more than women's income in Murrieta, California. Over a 35-year career, a 30% wage gap accumulates to roughly $690,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Murrieta, California has narrowed from about 35% to 23% in 2023. In dollar terms, the gap has narrowed by $1,756 since 2009.
Employment
| Metric | Murrieta | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.7% | 6.4% | 5.2% |
| Working from Home | 15.2% | 15.5% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 3,230 people are unemployed in Murrieta, California.
The average commute time in Murrieta is 25 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Murrieta, California has fallen from 11.5% to 6.7% in 2023.
Conclusion
Considering all these factors, Murrieta, 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 Murrieta, California.
How Rich Is Murrieta, California?
Murrieta 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 $105,395, about 9% higher than the California average of $96,718.
What is the current median household income in Murrieta, California?
As of 2023, the median household income in Murrieta, California is $105,395.
What was the median household income in Murrieta in 2023?
In 2023, the median household income in Murrieta, California was $105,395.
What was the median household income in Murrieta in 2020?
In 2020, the median household income in Murrieta, California was $89,880.
What is the Gini coefficient in Murrieta, California?
The Gini coefficient in Murrieta is 0.601. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Murrieta, California?
Since 2009, the income gap between men and women in Murrieta, California has narrowed from about 35% to 23% in 2023. In dollar terms, the gap has narrowed by $1,756 since 2009.