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 Lorenzo | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,538 | $96,718 | $78,145 |
| Median Personal Income | $61,581 | $68,943 | $61,726 |
| Average income growth | 5.4% | 6.0% | 5.1% |
| Six-Figure Earners | 12.5% | 16.9% | 13.2% |
The median household income in San Lorenzo is about 13% higher than in California. Income has been growing slower in San Lorenzo (5.4%/yr) than in California (6.0%/yr).
About 12% of adults in San Lorenzo 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 Lorenzo, California grew by 76.9% from 2009 to 2023, reaching $109,538 in 2023. That's an average of about 5.4% per year.
Economic Inequality in San Lorenzo | Gender Pay Gap | Gini Coefficient
| Metric | San Lorenzo | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.596 | 0.570 |
| Male Median Income | $64,725 | $73,016 | $67,746 |
| Female Median Income | $56,679 | $63,704 | $54,793 |
| Gender Pay Gap | 12.4% | 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 Lorenzo, it is 0.542, 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 14% more than women's income in San Lorenzo, California. Over a 35-year career, a 14% wage gap accumulates to roughly $281,610 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 Lorenzo, California has widened from about 0% to 12% in 2023. In dollar terms, the gap has widened by $7,903 since 2009.
Employment
| Metric | San Lorenzo | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.4% | 5.2% |
| Working from Home | 8.5% | 15.5% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 938 people are unemployed in San Lorenzo, California.
The average commute time in San Lorenzo is 30 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Lorenzo, California has fallen from 12.5% to 5.9% in 2023.
Conclusion
Considering all these factors, San Lorenzo, 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 Lorenzo, California.
How Rich Is San Lorenzo, California?
San Lorenzo 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 $109,538, about 13% higher than the California average of $96,718.
What is the current median household income in San Lorenzo, California?
As of 2023, the median household income in San Lorenzo, California is $109,538.
What was the median household income in San Lorenzo in 2023?
In 2023, the median household income in San Lorenzo, California was $109,538.
What was the median household income in San Lorenzo in 2020?
In 2020, the median household income in San Lorenzo, California was $89,055.
What is the Gini coefficient in San Lorenzo, California?
The Gini coefficient in San Lorenzo is 0.542. 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 Lorenzo, California?
Since 2009, the income gap between men and women in San Lorenzo, California has widened from about 0% to 12% in 2023. In dollar terms, the gap has widened by $7,903 since 2009.