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 | Oakley | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $129,155 | $96,718 | $78,145 |
| Median Personal Income | $76,434 | $68,943 | $61,726 |
| Average income growth | 7.3% | 6.0% | 5.1% |
| Six-Figure Earners | 17.4% | 16.9% | 13.2% |
The median household income in Oakley is about 34% higher than in California. Income has been growing faster in Oakley (7.3%/yr) than in California (6.0%/yr).
About 17% of adults in Oakley 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 Oakley, California grew by 67.0% from 2009 to 2023, reaching $129,155 in 2023. That's an average of about 7.3% per year.
Economic Inequality in Oakley | Gender Pay Gap | Gini Coefficient
| Metric | Oakley | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.596 | 0.570 |
| Male Median Income | $89,514 | $73,016 | $67,746 |
| Female Median Income | $62,997 | $63,704 | $54,793 |
| Gender Pay Gap | 29.6% | 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 Oakley, it is 0.578, lower than California's 0.596, so income is more 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 42% more than women's income in Oakley, California. Over a 35-year career, a 42% wage gap accumulates to roughly $928,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oakley, California has widened from about 19% to 30% in 2023. In dollar terms, the gap has widened by $15,343 since 2009.
Employment
| Metric | Oakley | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 6.4% | 5.2% |
| Working from Home | 14.9% | 15.5% | 13.4% |
| Commute time (minutes) | 40 | 23 | 22 |
Approximately 1,086 people are unemployed in Oakley, California.
The average commute time in Oakley is 40 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oakley, California has fallen from 10.8% to 5.5% in 2023.
Conclusion
Considering all these factors, Oakley, 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 Oakley, California.
How Wealthy Is Oakley, California?
Oakley 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 $129,155, about 34% higher than the California average of $96,718.
What is the current median household income in Oakley, California?
As of 2023, the median household income in Oakley, California is $129,155.
What was the median household income in Oakley in 2023?
In 2023, the median household income in Oakley, California was $129,155.
What was the median household income in Oakley in 2020?
In 2020, the median household income in Oakley, California was $101,984.
What is the Gini coefficient in Oakley, California?
The Gini coefficient in Oakley is 0.578. 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 Oakley, California?
Since 2009, the income gap between men and women in Oakley, California has widened from about 19% to 30% in 2023. In dollar terms, the gap has widened by $15,343 since 2009.