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 | South Pasadena | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $126,336 | $96,718 | $78,145 |
| Median Personal Income | $100,096 | $68,943 | $61,726 |
| Average income growth | 5.7% | 6.0% | 5.1% |
| Six-Figure Earners | 32.7% | 16.9% | 13.2% |
The median household income in South Pasadena is about 31% higher than in California. Income has been growing slower in South Pasadena (5.7%/yr) than in California (6.0%/yr).
About 33% of adults in South Pasadena 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 South Pasadena, California grew by 54.8% from 2009 to 2023, reaching $126,336 in 2023. That's an average of about 5.7% per year.
Economic Inequality in South Pasadena | Gender Pay Gap | Gini Coefficient
| Metric | South Pasadena | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.596 | 0.570 |
| Male Median Income | $116,465 | $73,016 | $67,746 |
| Female Median Income | $85,570 | $63,704 | $54,793 |
| Gender Pay Gap | 26.5% | 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 South Pasadena, 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 36% more than women's income in South Pasadena, California. Over a 35-year career, a 36% wage gap accumulates to roughly $1,081,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in South Pasadena, California has widened from about 23% to 27% in 2023. In dollar terms, the gap has widened by $14,084 since 2009.
Employment
| Metric | South Pasadena | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 6.4% | 5.2% |
| Working from Home | 26.2% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 732 people are unemployed in South Pasadena, California.
The average commute time in South Pasadena is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in South Pasadena, California has fallen from 6.4% to 4.8% in 2023.
Conclusion
Considering all these factors, South Pasadena, California has an overall wealth index grade of A, making it notably better than California, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in South Pasadena, California.
How Rich Is South Pasadena, California?
South Pasadena has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $126,336, about 31% higher than the California average of $96,718.
What is the current median household income in South Pasadena, California?
As of 2023, the median household income in South Pasadena, California is $126,336.
What was the median household income in South Pasadena in 2023?
In 2023, the median household income in South Pasadena, California was $126,336.
What was the median household income in South Pasadena in 2020?
In 2020, the median household income in South Pasadena, California was $114,328.
What is the Gini coefficient in South Pasadena, California?
The Gini coefficient in South Pasadena 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 South Pasadena, California?
Since 2009, the income gap between men and women in South Pasadena, California has widened from about 23% to 27% in 2023. In dollar terms, the gap has widened by $14,084 since 2009.