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 | Pittsburg | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $95,693 | $96,718 | $78,145 |
| Median Personal Income | $60,689 | $68,943 | $61,726 |
| Average income growth | 7.8% | 6.0% | 5.1% |
| Six-Figure Earners | 11.2% | 16.9% | 13.2% |
The median household income in Pittsburg is about 1% lower than in California. Income has been growing faster in Pittsburg (7.8%/yr) than in California (6.0%/yr).
About 11% of adults in Pittsburg earn six figures ($100,000 or more) a year, lower than the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Pittsburg, California grew by 83.7% from 2009 to 2023, reaching $95,693 in 2023. That's an average of about 7.8% per year.
Economic Inequality in Pittsburg | Gender Pay Gap | Gini Coefficient
| Metric | Pittsburg | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.596 | 0.570 |
| Male Median Income | $62,452 | $73,016 | $67,746 |
| Female Median Income | $58,197 | $63,704 | $54,793 |
| Gender Pay Gap | 6.8% | 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 Pittsburg, it is 0.568, lower than California's 0.596, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 7% more than women's income in Pittsburg, California. Over a 35-year career, a 7% wage gap accumulates to roughly $148,925 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Pittsburg, California has stayed about the same since 2009, at around 7%. In dollar terms, the gap has widened by $1,467 since 2009.
Employment
| Metric | Pittsburg | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.0% | 6.4% | 5.2% |
| Working from Home | 6.8% | 15.5% | 13.4% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 2,657 people are unemployed in Pittsburg, California.
The average commute time in Pittsburg is 32 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pittsburg, California has fallen from 11.9% to 8.0% in 2023.
Conclusion
Considering all these factors, Pittsburg, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pittsburg, California.
How Rich Is Pittsburg, California?
Pittsburg has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $95,693, about 1% lower than the California average of $96,718.
What is the current median household income in Pittsburg, California?
As of 2023, the median household income in Pittsburg, California is $95,693.
What was the median household income in Pittsburg in 2023?
In 2023, the median household income in Pittsburg, California was $95,693.
What was the median household income in Pittsburg in 2020?
In 2020, the median household income in Pittsburg, California was $77,492.
What is the Gini coefficient in Pittsburg, California?
The Gini coefficient in Pittsburg is 0.568. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Pittsburg, California?
The income gap between men and women in Pittsburg, California has stayed about the same since 2009, at around 7%. In dollar terms, the gap has widened by $1,467 since 2009.