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 | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,750 | $96,718 | $78,145 |
| Median Personal Income | $51,179 | $68,943 | $61,726 |
| Average income growth | 3.9% | 6.0% | 5.1% |
| Six-Figure Earners | 9.3% | 16.9% | 13.2% |
The median household income in Port Hueneme is about 20% lower than in California. Income has been growing slower in Port Hueneme (3.9%/yr) than in California (6.0%/yr).
About 9% of adults in Port Hueneme 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 Port Hueneme, California grew by 41.9% from 2009 to 2023, reaching $77,750 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Port Hueneme | Gender Pay Gap | Gini Coefficient
| Metric | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.596 | 0.570 |
| Male Median Income | $51,258 | $73,016 | $67,746 |
| Female Median Income | $51,044 | $63,704 | $54,793 |
| Gender Pay Gap | 0.4% | 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 Port Hueneme, it is 0.531, 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 0% more than women's income in Port Hueneme, California.
Income by Sex Over Time
Since 2009, the income gap between men and women in Port Hueneme, California has narrowed from about 13% to 0% in 2023. In dollar terms, the gap has narrowed by $5,606 since 2009.
Employment
| Metric | Port Hueneme | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 6.4% | 5.2% |
| Working from Home | 7.2% | 15.5% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 884 people are unemployed in Port Hueneme, California.
The average commute time in Port Hueneme is 25 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Port Hueneme, California has fallen from 7.7% to 7.6% in 2023.
Conclusion
Considering all these factors, Port Hueneme, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Port Hueneme, California.
How Rich Is Port Hueneme, California?
Port Hueneme has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $77,750, about 20% lower than the California average of $96,718.
What is the current median household income in Port Hueneme, California?
As of 2023, the median household income in Port Hueneme, California is $77,750.
What was the median household income in Port Hueneme in 2023?
In 2023, the median household income in Port Hueneme, California was $77,750.
What was the median household income in Port Hueneme in 2020?
In 2020, the median household income in Port Hueneme, California was $67,645.
What is the Gini coefficient in Port Hueneme, California?
The Gini coefficient in Port Hueneme is 0.531. 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 Port Hueneme, California?
Since 2009, the income gap between men and women in Port Hueneme, California has narrowed from about 13% to 0% in 2023. In dollar terms, the gap has narrowed by $5,606 since 2009.