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 | North Tustin | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $173,149 | $96,718 | $78,145 |
| Median Personal Income | $113,087 | $68,943 | $61,726 |
| Average income growth | 5.0% | 6.0% | 5.1% |
| Six-Figure Earners | 31.3% | 16.9% | 13.2% |
The median household income in North Tustin is about 79% higher than in California. Income has been growing slower in North Tustin (5.0%/yr) than in California (6.0%/yr).
About 31% of adults in North Tustin 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 North Tustin, California grew by 61.6% from 2009 to 2023, reaching $173,149 in 2023. That's an average of about 5.0% per year.
Economic Inequality in North Tustin | Gender Pay Gap | Gini Coefficient
| Metric | North Tustin | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.596 | 0.570 |
| Male Median Income | $120,438 | $73,016 | $67,746 |
| Female Median Income | $99,088 | $63,704 | $54,793 |
| Gender Pay Gap | 17.7% | 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 North Tustin, it is 0.554, 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 22% more than women's income in North Tustin, California. Over a 35-year career, a 22% wage gap accumulates to roughly $747,250 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in North Tustin, California has narrowed from about 36% to 18% in 2023. In dollar terms, the gap has narrowed by $11,426 since 2009.
Employment
| Metric | North Tustin | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 6.4% | 5.2% |
| Working from Home | 17.9% | 15.5% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 620 people are unemployed in North Tustin, California.
The average commute time in North Tustin is 22 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in North Tustin, California has fallen from 6.1% to 4.4% in 2023.
Conclusion
Considering all these factors, North Tustin, California has an overall wealth index grade of A+, making it far better than California, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in North Tustin, California.
How Rich Is North Tustin, California?
North Tustin 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 it is one of the most prosperous areas in the country. The median household income is $173,149, about 79% higher than the California average of $96,718.
What is the current median household income in North Tustin, California?
As of 2023, the median household income in North Tustin, California is $173,149.
What was the median household income in North Tustin in 2023?
In 2023, the median household income in North Tustin, California was $173,149.
What was the median household income in North Tustin in 2020?
In 2020, the median household income in North Tustin, California was $144,451.
What is the Gini coefficient in North Tustin, California?
The Gini coefficient in North Tustin is 0.554. 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 North Tustin, California?
Since 2009, the income gap between men and women in North Tustin, California has narrowed from about 36% to 18% in 2023. In dollar terms, the gap has narrowed by $11,426 since 2009.