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 Marcos | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $104,566 | $96,718 | $78,145 |
| Median Personal Income | $104,566 | $96,718 | $78,145 |
| Average income growth | 8.1% | 8.1% | 8.1% |
The median household income in San Marcos is about 8% higher than in California. Income has been growing faster in San Marcos (8.1%/yr) than in California (6.0%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in San Marcos, California grew by 70.6% from 2009 to 2023, reaching $104,566 in 2023. That's an average of about 5.0% per year.
Economic Inequality in San Marcos | Gender Pay Gap | Gini Coefficient
| Metric | San Marcos | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.590 | 0.596 | 0.570 |
| Male Median Income | $75,212 | $73,016 | $67,746 |
| Female Median Income | $67,259 | $63,704 | $54,793 |
| Gender Pay Gap | 10.6% | 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 Marcos, it is 0.590, 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 12% more than women's income in San Marcos, California.
Income by Sex Over Time
Since 2009, the income gap between men and women in San Marcos, California has narrowed from about 24% to 11% in 2023.
Employment
| Metric | San Marcos | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 6.4% | 5.2% |
| Working from Home | 17.6% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
The average commute time in San Marcos is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Marcos, California has fallen from 7.9% to 4.7% in 2023.
Conclusion
Considering all these factors, San Marcos, 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 Marcos, California.
How Rich Is San Marcos, California?
San Marcos 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 $104,566, about 8% higher than the California average of $96,718.
What is the current median household income in San Marcos, California?
As of 2023, the median household income in San Marcos, California is $104,566.
What was the median household income in San Marcos in 2023?
In 2023, the median household income in San Marcos, California was $104,566.
What was the median household income in San Marcos in 2020?
In 2020, the median household income in San Marcos, California was $86,132.
What is the Gini coefficient in San Marcos, California?
The Gini coefficient in San Marcos is 0.590. 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 Marcos, California?
Since 2009, the income gap between men and women in San Marcos, California has narrowed from about 24% to 11% in 2023.