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 | Santa Clarita | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,455 | $96,718 | $78,145 |
| Median Personal Income | $83,457 | $68,943 | $61,726 |
| Average income growth | 4.4% | 6.0% | 5.1% |
| Six-Figure Earners | 21.3% | 16.9% | 13.2% |
The median household income in Santa Clarita is about 22% higher than in California. Income has been growing slower in Santa Clarita (4.4%/yr) than in California (6.0%/yr).
About 21% of adults in Santa Clarita 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 Santa Clarita, California grew by 40.6% from 2009 to 2023, reaching $118,455 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Santa Clarita | Gender Pay Gap | Gini Coefficient
| Metric | Santa Clarita | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.596 | 0.570 |
| Male Median Income | $91,531 | $73,016 | $67,746 |
| Female Median Income | $74,532 | $63,704 | $54,793 |
| Gender Pay Gap | 18.6% | 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 Santa Clarita, it is 0.578, 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 23% more than women's income in Santa Clarita, California. Over a 35-year career, a 23% wage gap accumulates to roughly $594,965 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Santa Clarita, California has narrowed from about 27% to 19% in 2023. In dollar terms, the gap has narrowed by $472 since 2009.
Employment
| Metric | Santa Clarita | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 6.4% | 5.2% |
| Working from Home | 15.7% | 15.5% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 5,964 people are unemployed in Santa Clarita, California.
The average commute time in Santa Clarita is 30 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Santa Clarita, California has fallen from 8.8% to 5.5% in 2023.
Conclusion
Considering all these factors, Santa Clarita, 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 Santa Clarita, California.
How Rich Is Santa Clarita, California?
Santa Clarita 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 $118,455, about 22% higher than the California average of $96,718.
What is the current median household income in Santa Clarita, California?
As of 2023, the median household income in Santa Clarita, California is $118,455.
What was the median household income in Santa Clarita in 2023?
In 2023, the median household income in Santa Clarita, California was $118,455.
What was the median household income in Santa Clarita in 2020?
In 2020, the median household income in Santa Clarita, California was $99,356.
What is the Gini coefficient in Santa Clarita, California?
The Gini coefficient in Santa Clarita is 0.578. 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 Santa Clarita, California?
Since 2009, the income gap between men and women in Santa Clarita, California has narrowed from about 27% to 19% in 2023. In dollar terms, the gap has narrowed by $472 since 2009.