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 | Rancho San Diego | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $115,444 | $96,718 | $78,145 |
| Median Personal Income | $82,761 | $68,943 | $61,726 |
| Average income growth | 4.9% | 6.0% | 5.1% |
| Six-Figure Earners | 20.6% | 16.9% | 13.2% |
The median household income in Rancho San Diego is about 19% higher than in California. Income has been growing slower in Rancho San Diego (4.9%/yr) than in California (6.0%/yr).
About 21% of adults in Rancho San Diego 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 Rancho San Diego, California grew by 32.4% from 2009 to 2023, reaching $115,444 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Rancho San Diego | Gender Pay Gap | Gini Coefficient
| Metric | Rancho San Diego | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.596 | 0.570 |
| Male Median Income | $86,879 | $73,016 | $67,746 |
| Female Median Income | $77,644 | $63,704 | $54,793 |
| Gender Pay Gap | 10.6% | 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 Rancho San Diego, it is 0.563, 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 12% more than women's income in Rancho San Diego, California. Over a 35-year career, a 12% wage gap accumulates to roughly $323,225 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 San Diego, California has narrowed from about 28% to 11% in 2023. In dollar terms, the gap has narrowed by $10,997 since 2009.
Employment
| Metric | Rancho San Diego | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.3% | 6.4% | 5.2% |
| Working from Home | 10.4% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 973 people are unemployed in Rancho San Diego, California.
The average commute time in Rancho San Diego is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rancho San Diego, California has risen from 8.2% to 8.3% in 2023.
Conclusion
Considering all these factors, Rancho San Diego, 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 Rancho San Diego, California.
How Rich Is Rancho San Diego, California?
Rancho San Diego 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 $115,444, about 19% higher than the California average of $96,718.
What is the current median household income in Rancho San Diego, California?
As of 2023, the median household income in Rancho San Diego, California is $115,444.
What was the median household income in Rancho San Diego in 2023?
In 2023, the median household income in Rancho San Diego, California was $115,444.
What was the median household income in Rancho San Diego in 2020?
In 2020, the median household income in Rancho San Diego, California was $97,915.
What is the Gini coefficient in Rancho San Diego, California?
The Gini coefficient in Rancho San Diego is 0.563. 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 Rancho San Diego, California?
Since 2009, the income gap between men and women in Rancho San Diego, California has narrowed from about 28% to 11% in 2023. In dollar terms, the gap has narrowed by $10,997 since 2009.