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 Leandro | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,403 | $96,718 | $78,145 |
| Median Personal Income | $69,536 | $68,943 | $61,726 |
| Average income growth | 6.2% | 6.0% | 5.1% |
| Six-Figure Earners | 15.9% | 16.9% | 13.2% |
The median household income in San Leandro is about 2% higher than in California. Income has been growing faster in San Leandro (6.2%/yr) than in California (6.0%/yr).
About 16% of adults in San Leandro 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 Leandro, California grew by 60.2% from 2009 to 2023, reaching $98,403 in 2023. That's an average of about 6.2% per year.
Economic Inequality in San Leandro | Gender Pay Gap | Gini Coefficient
| Metric | San Leandro | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.596 | 0.570 |
| Male Median Income | $69,580 | $73,016 | $67,746 |
| Female Median Income | $69,483 | $63,704 | $54,793 |
| Gender Pay Gap | 0.1% | 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 Leandro, it is 0.556, 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 0% more than women's income in San Leandro, California.
Income by Sex Over Time
Since 2009, the income gap between men and women in San Leandro, California has narrowed from about 9% to 0% in 2023. In dollar terms, the gap has narrowed by $4,604 since 2009.
Employment
| Metric | San Leandro | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 6.4% | 5.2% |
| Working from Home | 12.5% | 15.5% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 2,665 people are unemployed in San Leandro, California.
The average commute time in San Leandro is 30 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Leandro, California has fallen from 10.3% to 5.5% in 2023.
Conclusion
Considering all these factors, San Leandro, 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 Leandro, California.
How Rich Is San Leandro, California?
San Leandro 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 $98,403, about 2% higher than the California average of $96,718.
What is the current median household income in San Leandro, California?
As of 2023, the median household income in San Leandro, California is $98,403.
What was the median household income in San Leandro in 2023?
In 2023, the median household income in San Leandro, California was $98,403.
What was the median household income in San Leandro in 2020?
In 2020, the median household income in San Leandro, California was $86,197.
What is the Gini coefficient in San Leandro, California?
The Gini coefficient in San Leandro is 0.556. 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 Leandro, California?
Since 2009, the income gap between men and women in San Leandro, California has narrowed from about 9% to 0% in 2023. In dollar terms, the gap has narrowed by $4,604 since 2009.