Rancho Palos Verdes, California Income Statistics
Rancho Palos Verdes Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Rancho Palos Verdes Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $176,178 | $99,161 | $80,455 |
| Median Personal Income | $121,592 | $67,742 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.6% | 4.8% |
| Six-Figure Earners | 37.2% | 17.6% | 13.9% |
| $200k+ Households | 42.0% | 20.5% | 13.2% |
The median household income in Rancho Palos Verdes is about 78% higher than in California. Income has been growing slower in Rancho Palos Verdes (5.2%/yr) than in California (5.6%/yr).
About 37% of adults in Rancho Palos Verdes earn six figures ($100,000 or more) a year, higher than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Rancho Palos Verdes, California grew by 76.7% from 2009 to 2024, reaching $176,178 in 2024. That's an average of about 5.2% per year.
Rancho Palos Verdes has been far above the U.S. median household income in every year from 2009 to 2024. The gap has widened from 95% in 2009, the closest it has been, to 119% in 2024.
Income Distribution in Rancho Palos Verdes
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 11,117 households (74.7% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 8.5% of households in Rancho Palos Verdes had an income under $35,000 and 58.8% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Rancho Palos Verdes has a larger share of households earning $200,000 or more (42.0% vs 13.2%) and a smaller share earning $50,000 to $74,999 (7.1% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 608 | 4.1% | 5.1% |
| $10,000 to $14,999 | 85 | 0.6% | 3.5% |
| $15,000 to $24,999 | 287 | 1.9% | 6.4% |
| $25,000 to $34,999 | 280 | 1.9% | 6.7% |
| $35,000 to $49,999 | 544 | 3.7% | 10.1% |
| $50,000 to $74,999 | 1,050 | 7.1% | 15.5% |
| $75,000 to $99,999 | 918 | 6.2% | 12.6% |
| $100,000 to $149,999 | 2,363 | 15.9% | 17.4% |
| $150,000 to $199,999 | 2,502 | 16.8% | 9.5% |
| $200,000 or more | 6,252 | 42.0% | 13.2% |
Shares are of all 14,889 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 12,418 residents (37.2% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 44.5% of residents who have any income.
In 2024, 16.5% of Rancho Palos Verdes residents aged 15 and over reported no personal income, 20.0% had some income but less than $25,000, and 44.2% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Rancho Palos Verdes has a larger share of residents earning $100,000 or more (37.2% vs 13.9%) and a smaller share earning $50,000 to $74,999 (7.5% vs 14.3%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 5,502 | 16.5% | 12.8% |
| $1 to $9,999 | 3,097 | 9.3% | 11.2% |
| $10,000 to $14,999 | 1,330 | 4.0% | 7.0% |
| $15,000 to $24,999 | 2,250 | 6.7% | 10.5% |
| $25,000 to $34,999 | 1,718 | 5.1% | 9.5% |
| $35,000 to $49,999 | 2,242 | 6.7% | 12.6% |
| $50,000 to $74,999 | 2,510 | 7.5% | 14.3% |
| $75,000 to $99,999 | 2,337 | 7.0% | 8.2% |
| $100,000 or more | 12,418 | 37.2% | 13.9% |
Shares are of the 33,404 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 16.5% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Rancho Palos Verdes
| Metric | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.572 | 0.552 |
| Male Median Income | $134,996 | $75,172 | $69,667 |
| Female Median Income | $115,097 | $66,071 | $56,850 |
| Gender Pay Gap | 14.7% | 12.1% | 18.4% |
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 Rancho Palos Verdes, it is 0.530, lower than California's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 17% more than women's income in Rancho Palos Verdes, California. Over a 35-year career, a 17% wage gap accumulates to roughly $696,465 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rancho Palos Verdes, California has narrowed from about 31% to 15% in 2024. Over that period the gap was widest at 40% in 2015. In dollar terms, the gap has narrowed by $10,217 since 2009.
Employment
| Metric | Rancho Palos Verdes | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 6.6% | 5.2% |
| Working from Home | 27.8% | 17.2% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 993 people are unemployed in Rancho Palos Verdes, California.
The average commute time in Rancho Palos Verdes is 30 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rancho Palos Verdes, California has fallen from 5.9% to 5.7% in 2024. Over that period the rate fell as low as 3.9% in 2018.
Rancho Palos Verdes started 2.8 points below the U.S. unemployment rate in 2011 but had risen above it by 2023, and has not been below it since. In 2024 its rate was 0.4 points higher.
Rancho Palos Verdes, CA Wealth Compared With Nearby Cities
How Rancho Palos Verdes, CA compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Rancho Palos Verdes, CA | 40,776 | $176,178 #1/3 | 5.2%/yr #2/3 | 5.7% #2/3 | 0.530 #1/3 |
| Lomita, CA | 20,223 | $95,911 | 5.5%/yr | 4.6% | 0.566 |
| Torrance, CA | 139,758 | $116,831 | 4.6%/yr | 6.0% | 0.537 |
Conclusion
Considering all these factors, Rancho Palos Verdes, California has an overall wealth index grade of A+, making it far better than California, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Rancho Palos Verdes, California.
How Rich Is Rancho Palos Verdes, California?
Rancho Palos Verdes has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $176,178, about 78% higher than the California average of $99,161.
How has median household income changed in Rancho Palos Verdes, California?
Between 2009 and 2024, the median household income in Rancho Palos Verdes, California rose 77%, from $99,702 to $176,178. Over the same years, income here outpaced California as a whole: +77% against +64%.
What was the median household income in Rancho Palos Verdes in 2023?
In 2023, the median household income in Rancho Palos Verdes, California was $173,080, up 5% from $165,137 in 2022. The California median that year was $96,718.
What was the median household income in Rancho Palos Verdes in 2020?
In 2020, the median household income in Rancho Palos Verdes, California was $135,023. By 2024 it had risen 30% to $176,178.
Is Rancho Palos Verdes, California a high-income area?
Yes. 37% of adults in Rancho Palos Verdes, California earn $100,000 or more a year (about 1 in 3), against 18% (about 1 in 6) in California. 42% of households have a combined income of $200,000 or more, compared with 20% in California.
What is the Gini coefficient in Rancho Palos Verdes, California?
The Gini coefficient in Rancho Palos Verdes is 0.530. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Rancho Palos Verdes, California?
Since 2009, the income gap between men and women in Rancho Palos Verdes, California has narrowed from about 31% to 15% in 2024. Over that period the gap was widest at 40% in 2015. In dollar terms, the gap has narrowed by $10,217 since 2009.
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