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 | Riverside County | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $90,321 | $96,718 | $78,145 |
| Median Personal Income | $59,082 | $68,943 | $61,726 |
| Average income growth | 6.5% | 6.0% | 5.1% |
| Six-Figure Earners | 12.1% | 16.9% | 13.2% |
The median household income in Riverside County is about 7% lower than in California. Income has been growing faster in Riverside County (6.5%/yr) than in California (6.0%/yr).
About 12% of adults in Riverside County 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 Riverside County, California grew by 54.5% from 2009 to 2023, reaching $90,321 in 2023. That's an average of about 6.5% per year.
Economic Inequality in Riverside County | Gender Pay Gap | Gini Coefficient
| Metric | Riverside County | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.605 | 0.596 | 0.570 |
| Male Median Income | $63,908 | $73,016 | $67,746 |
| Female Median Income | $52,068 | $63,704 | $54,793 |
| Gender Pay Gap | 18.5% | 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 Riverside County, it is 0.605, higher than California's 0.596, so income is less 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 23% more than women's income in Riverside County, California. Over a 35-year career, a 23% wage gap accumulates to roughly $414,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Riverside County, California has narrowed from about 24% to 19% in 2023. In dollar terms, the gap has widened by $351 since 2009.
Employment
| Metric | Riverside County | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 6.4% | 5.2% |
| Working from Home | 11.0% | 15.5% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 76,727 people are unemployed in Riverside County, California.
The average commute time in Riverside County is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Riverside County, California has fallen from 12.8% to 6.5% in 2023.
Conclusion
Considering all these factors, Riverside County, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Riverside County, California.
How Rich Is Riverside County, California?
Riverside County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $90,321, about 7% lower than the California average of $96,718.
What is the current median household income in Riverside County, California?
As of 2023, the median household income in Riverside County, California is $90,321.
What was the median household income in Riverside County in 2023?
In 2023, the median household income in Riverside County, California was $90,321.
What was the median household income in Riverside County in 2020?
In 2020, the median household income in Riverside County, California was $71,065.
What is the Gini coefficient in Riverside County, California?
The Gini coefficient in Riverside County is 0.605. 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 Riverside County, California?
Since 2009, the income gap between men and women in Riverside County, California has narrowed from about 24% to 19% in 2023. In dollar terms, the gap has widened by $351 since 2009.