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 | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,589 | $96,718 | $78,145 |
| Median Personal Income | $73,160 | $68,943 | $61,726 |
| Average income growth | 5.1% | 6.0% | 5.1% |
| Six-Figure Earners | 17.8% | 16.9% | 13.2% |
The median household income in San Buenaventura (Ventura) is about 2% higher than in California. Income has been growing slower in San Buenaventura (Ventura) (5.1%/yr) than in California (6.0%/yr).
About 18% of adults in San Buenaventura (Ventura) 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 San Buenaventura (Ventura), California grew by 52.1% from 2009 to 2023, reaching $98,589 in 2023. That's an average of about 5.1% per year.
Economic Inequality in San Buenaventura (Ventura) | Gender Pay Gap | Gini Coefficient
| Metric | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.596 | 0.570 |
| Male Median Income | $76,083 | $73,016 | $67,746 |
| Female Median Income | $69,920 | $63,704 | $54,793 |
| Gender Pay Gap | 8.1% | 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 San Buenaventura (Ventura), it is 0.549, 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 9% more than women's income in San Buenaventura (Ventura), California. Over a 35-year career, a 9% wage gap accumulates to roughly $215,705 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in San Buenaventura (Ventura), California has narrowed from about 20% to 8% in 2023. In dollar terms, the gap has narrowed by $4,818 since 2009.
Employment
| Metric | San Buenaventura (Ventura) | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.4% | 5.2% |
| Working from Home | 13.9% | 15.5% | 13.4% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 2,275 people are unemployed in San Buenaventura (Ventura), California.
The average commute time in San Buenaventura (Ventura) is 20 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Buenaventura (Ventura), California has fallen from 8.6% to 4.9% in 2023.
Conclusion
Considering all these factors, San Buenaventura (Ventura), 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 San Buenaventura (Ventura), California.
How Rich Is San Buenaventura (Ventura), California?
San Buenaventura (Ventura) 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 $98,589, about 2% higher than the California average of $96,718.
What is the current median household income in San Buenaventura (Ventura), California?
As of 2023, the median household income in San Buenaventura (Ventura), California is $98,589.
What was the median household income in San Buenaventura (Ventura) in 2023?
In 2023, the median household income in San Buenaventura (Ventura), California was $98,589.
What was the median household income in San Buenaventura (Ventura) in 2020?
In 2020, the median household income in San Buenaventura (Ventura), California was $78,960.
What is the Gini coefficient in San Buenaventura (Ventura), California?
The Gini coefficient in San Buenaventura (Ventura) is 0.549. 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 San Buenaventura (Ventura), California?
Since 2009, the income gap between men and women in San Buenaventura (Ventura), California has narrowed from about 20% to 8% in 2023. In dollar terms, the gap has narrowed by $4,818 since 2009.