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 | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,909 | $96,718 | $78,145 |
| Median Personal Income | $116,285 | $68,943 | $61,726 |
| Average income growth | 5.2% | 6.0% | 5.1% |
| Six-Figure Earners | 25.3% | 16.9% | 13.2% |
The median household income in Seal Beach is about 12% lower than in California. Income has been growing slower in Seal Beach (5.2%/yr) than in California (6.0%/yr).
About 25% of adults in Seal Beach 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 Seal Beach, California grew by 66.9% from 2009 to 2023, reaching $84,909 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Seal Beach | Gender Pay Gap | Gini Coefficient
| Metric | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.596 | 0.570 |
| Male Median Income | $124,554 | $73,016 | $67,746 |
| Female Median Income | $98,917 | $63,704 | $54,793 |
| Gender Pay Gap | 20.6% | 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 Seal Beach, it is 0.536, 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 26% more than women's income in Seal Beach, California. Over a 35-year career, a 26% wage gap accumulates to roughly $897,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Seal Beach, California has narrowed from about 26% to 21% in 2023. In dollar terms, the gap has widened by $4,673 since 2009.
Employment
| Metric | Seal Beach | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.4% | 5.2% |
| Working from Home | 24.0% | 15.5% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 461 people are unemployed in Seal Beach, California.
The average commute time in Seal Beach is 26 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Seal Beach, California has fallen from 6.0% to 4.9% in 2023.
Conclusion
Considering all these factors, Seal Beach, 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 Seal Beach, California.
How Rich Is Seal Beach, California?
Seal Beach 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 $84,909, about 12% lower than the California average of $96,718.
What is the current median household income in Seal Beach, California?
As of 2023, the median household income in Seal Beach, California is $84,909.
What was the median household income in Seal Beach in 2023?
In 2023, the median household income in Seal Beach, California was $84,909.
What was the median household income in Seal Beach in 2020?
In 2020, the median household income in Seal Beach, California was $72,114.
What is the Gini coefficient in Seal Beach, California?
The Gini coefficient in Seal Beach is 0.536. 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 Seal Beach, California?
Since 2009, the income gap between men and women in Seal Beach, California has narrowed from about 26% to 21% in 2023. In dollar terms, the gap has widened by $4,673 since 2009.