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 | Oceanside | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $94,314 | $96,718 | $78,145 |
| Median Personal Income | $94,314 | $96,718 | $78,145 |
| Average income growth | 7.0% | 7.0% | 7.0% |
The median household income in Oceanside is about 2% lower than in California. Income has been growing faster in Oceanside (7.0%/yr) than in California (6.0%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Oceanside, California grew by 53.7% from 2009 to 2023, reaching $94,314 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Oceanside | Gender Pay Gap | Gini Coefficient
| Metric | Oceanside | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.596 | 0.570 |
| Male Median Income | $67,768 | $73,016 | $67,746 |
| Female Median Income | $58,791 | $63,704 | $54,793 |
| Gender Pay Gap | 13.2% | 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 Oceanside, it is 0.556, 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 15% more than women's income in Oceanside, California.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oceanside, California has narrowed from about 22% to 13% in 2023.
Employment
| Metric | Oceanside | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 6.4% | 5.2% |
| Working from Home | 14.7% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
The average commute time in Oceanside is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oceanside, California has fallen from 9.4% to 5.2% in 2023.
Conclusion
Considering all these factors, Oceanside, 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 Oceanside, California.
How Wealthy Is Oceanside, California?
Oceanside 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 $94,314, about 2% lower than the California average of $96,718.
What is the current median household income in Oceanside, California?
As of 2023, the median household income in Oceanside, California is $94,314.
What was the median household income in Oceanside in 2023?
In 2023, the median household income in Oceanside, California was $94,314.
What was the median household income in Oceanside in 2020?
In 2020, the median household income in Oceanside, California was $74,881.
What is the Gini coefficient in Oceanside, California?
The Gini coefficient in Oceanside is 0.556. 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 Oceanside, California?
Since 2009, the income gap between men and women in Oceanside, California has narrowed from about 22% to 13% in 2023.