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 | Poway | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $142,740 | $96,718 | $78,145 |
| Median Personal Income | $98,244 | $68,943 | $61,726 |
| Average income growth | 5.4% | 6.0% | 5.1% |
| Six-Figure Earners | 26.8% | 16.9% | 13.2% |
The median household income in Poway is about 48% higher than in California. Income has been growing slower in Poway (5.4%/yr) than in California (6.0%/yr).
About 27% of adults in Poway 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 Poway, California grew by 52.0% from 2009 to 2023, reaching $142,740 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Poway | Gender Pay Gap | Gini Coefficient
| Metric | Poway | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.596 | 0.570 |
| Male Median Income | $108,392 | $73,016 | $67,746 |
| Female Median Income | $84,766 | $63,704 | $54,793 |
| Gender Pay Gap | 21.8% | 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 Poway, 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 28% more than women's income in Poway, California. Over a 35-year career, a 28% wage gap accumulates to roughly $826,910 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Poway, California has narrowed from about 28% to 22% in 2023. In dollar terms, the gap has widened by $3,635 since 2009.
Employment
| Metric | Poway | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 6.4% | 5.2% |
| Working from Home | 20.2% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,268 people are unemployed in Poway, California.
The average commute time in Poway is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Poway, California has fallen from 6.3% to 5.3% in 2023.
Conclusion
Considering all these factors, Poway, 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 Poway, California.
How Rich Is Poway, California?
Poway 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 $142,740, about 48% higher than the California average of $96,718.
What is the current median household income in Poway, California?
As of 2023, the median household income in Poway, California is $142,740.
What was the median household income in Poway in 2023?
In 2023, the median household income in Poway, California was $142,740.
What was the median household income in Poway in 2020?
In 2020, the median household income in Poway, California was $115,268.
What is the Gini coefficient in Poway, California?
The Gini coefficient in Poway 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 Poway, California?
Since 2009, the income gap between men and women in Poway, California has narrowed from about 28% to 22% in 2023. In dollar terms, the gap has widened by $3,635 since 2009.