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 Fernando | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,445 | $96,718 | $78,145 |
| Median Personal Income | $52,226 | $68,943 | $61,726 |
| Average income growth | 6.0% | 6.0% | 5.1% |
| Six-Figure Earners | 6.4% | 16.9% | 13.2% |
The median household income in San Fernando is about 15% lower than in California. Income has been growing faster in San Fernando (6.0%/yr) than in California (6.0%/yr).
About 6% of adults in San Fernando 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 San Fernando, California grew by 64.5% from 2009 to 2023, reaching $82,445 in 2023. That's an average of about 6.0% per year.
Economic Inequality in San Fernando | Gender Pay Gap | Gini Coefficient
| Metric | San Fernando | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.596 | 0.570 |
| Male Median Income | $55,968 | $73,016 | $67,746 |
| Female Median Income | $47,489 | $63,704 | $54,793 |
| Gender Pay Gap | 15.1% | 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 Fernando, it is 0.577, lower than California's 0.596, so income is more 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 18% more than women's income in San Fernando, California. Over a 35-year career, a 18% wage gap accumulates to roughly $296,765 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 Fernando, California has widened from about 13% to 15% in 2023. In dollar terms, the gap has widened by $4,695 since 2009.
Employment
| Metric | San Fernando | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 6.4% | 5.2% |
| Working from Home | 5.0% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 887 people are unemployed in San Fernando, California.
The average commute time in San Fernando is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Fernando, California has fallen from 12.3% to 7.0% in 2023.
Conclusion
Considering all these factors, San Fernando, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in San Fernando, California.
How Rich Is San Fernando, California?
San Fernando has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $82,445, about 15% lower than the California average of $96,718.
What is the current median household income in San Fernando, California?
As of 2023, the median household income in San Fernando, California is $82,445.
What was the median household income in San Fernando in 2023?
In 2023, the median household income in San Fernando, California was $82,445.
What was the median household income in San Fernando in 2020?
In 2020, the median household income in San Fernando, California was $60,865.
What is the Gini coefficient in San Fernando, California?
The Gini coefficient in San Fernando is 0.577. 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 San Fernando, California?
Since 2009, the income gap between men and women in San Fernando, California has widened from about 13% to 15% in 2023. In dollar terms, the gap has widened by $4,695 since 2009.