Redondo Beach, California Income Statistics
Redondo Beach 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.
-
A+
Redondo Beach Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $150,415 | $99,161 | $80,455 |
| Median Personal Income | $112,970 | $67,742 | $60,758 |
| Average Yearly Income Growth | 4.7% | 5.6% | 4.8% |
| Six-Figure Earners | 36.7% | 17.6% | 13.9% |
| $200k+ Households | 35.9% | 20.5% | 13.2% |
The median household income in Redondo Beach is about 52% higher than in California. Income has been growing slower in Redondo Beach (4.7%/yr) than in California (5.6%/yr).
About 37% of adults in Redondo Beach 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 Redondo Beach, California grew by 57.3% from 2009 to 2024, reaching $150,415 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Redondo Beach
| Metric | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.572 | 0.552 |
| Male Median Income | $122,371 | $75,172 | $69,667 |
| Female Median Income | $109,448 | $66,071 | $56,850 |
| Gender Pay Gap | 10.6% | 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 Redondo Beach, it is 0.482, 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 12% more than women's income in Redondo Beach, California. Over a 35-year career, a 12% wage gap accumulates to roughly $452,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Redondo Beach, California has narrowed from about 27% to 11% in 2024. Over that period the gap was widest at 29% in 2011. In dollar terms, the gap has narrowed by $9,930 since 2009.
Employment
| Metric | Redondo Beach | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 6.6% | 5.2% |
| Working from Home | 29.3% | 17.2% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 2,122 people are unemployed in Redondo Beach, California.
The average commute time in Redondo Beach is 21 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Redondo Beach, California has fallen from 5.9% to 5.5% in 2024. Over that period the rate peaked at 7.1% in 2013 and fell as low as 3.5% in 2020.
Redondo Beach, CA Wealth Compared With Nearby Cities
Redondo Beach, CA is the 2nd largest of the 4 cities compared here, 69,266 residents against a local median of 34,144. Redondo Beach, CA's median household income, at $150,415, runs 29% above the $116,831 typical of the cities around it. That is the better end of the local range on this measure.
The cities themselves spread $115,194 on median household income, so Redondo Beach, CA sits at one end of an already wide local range rather than apart from it. Redondo Beach, CA has the 2nd highest median household income of the 4 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Redondo Beach, CA | 69,266 | $150,415 #2/4 | 4.7%/yr #2/4 | 5.5% #2/4 | 0.482 #1/4 |
| Torrance, CA | 139,758 | $116,831 | 4.6%/yr | 6.0% | 0.537 |
| Manhattan Beach, CA | 34,144 | $200,429 | 4.2%/yr | 3.8% | 0.485 |
| Lawndale, CA | 30,784 | $85,235 | 6.3%/yr | 9.7% | 0.560 |
Conclusion
Considering all these factors, Redondo Beach, 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 Redondo Beach, California.
How Rich Is Redondo Beach, California?
Redondo Beach 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 $150,415, about 52% higher than the California average of $99,161.
How has median household income changed in Redondo Beach, California?
Between 2009 and 2024, the median household income in Redondo Beach, California rose 57%, from $95,645 to $150,415. Over the same years, income here lagged behind California as a whole: +57% against +64%.
What was the median household income in Redondo Beach in 2023?
In 2023, the median household income in Redondo Beach, California was $143,738, up 8% from $133,227 in 2022. The California median that year was $96,718.
What was the median household income in Redondo Beach in 2020?
In 2020, the median household income in Redondo Beach, California was $117,090. By 2024 it had risen 28% to $150,415.
Do many residents of Redondo Beach, California earn over $100,000?
Yes. 37% of adults in Redondo Beach, California earn $100,000 or more a year (about 1 in 3), against 18% (about 1 in 6) in California. 36% of households have a combined income of $200,000 or more, compared with 20% in California.
What is the Gini coefficient in Redondo Beach, California?
The Gini coefficient in Redondo Beach is 0.482. 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 Redondo Beach, California?
Since 2009, the income gap between men and women in Redondo Beach, California has narrowed from about 27% to 11% in 2024. Over that period the gap was widest at 29% in 2011. In dollar terms, the gap has narrowed by $9,930 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →