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 San Francisco | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $132,837 | $96,718 | $78,145 |
| Median Personal Income | $78,207 | $68,943 | $61,726 |
| Average income growth | 6.3% | 6.0% | 5.1% |
| Six-Figure Earners | 22.1% | 16.9% | 13.2% |
The median household income in South San Francisco is about 37% higher than in California. Income has been growing faster in South San Francisco (6.3%/yr) than in California (6.0%/yr).
About 22% of adults in South San Francisco 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 San Francisco, California grew by 82.0% from 2009 to 2023, reaching $132,837 in 2023. That's an average of about 6.3% per year.
Economic Inequality in South San Francisco | Gender Pay Gap | Gini Coefficient
| Metric | South San Francisco | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.596 | 0.570 |
| Male Median Income | $77,108 | $73,016 | $67,746 |
| Female Median Income | $79,300 | $63,704 | $54,793 |
| Gender Pay Gap | -2.8% | 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 San Francisco, it is 0.545, 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.
Women's income is about 3% more than men's income in South San Francisco, California. Over a 35-year career, a 3% wage gap accumulates to roughly $76,720 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in South San Francisco, California has narrowed from about 12% to -3% in 2023. In dollar terms, the gap has narrowed by $8,629 since 2009.
Employment
| Metric | South San Francisco | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 6.4% | 5.2% |
| Working from Home | 16.3% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 884 people are unemployed in South San Francisco, California.
The average commute time in South San Francisco is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in South San Francisco, California has fallen from 6.4% to 2.6% in 2023.
Conclusion
Considering all these factors, South San Francisco, 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 South San Francisco, California.
How Rich Is South San Francisco, California?
South San Francisco 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 $132,837, about 37% higher than the California average of $96,718.
What is the current median household income in South San Francisco, California?
As of 2023, the median household income in South San Francisco, California is $132,837.
What was the median household income in South San Francisco in 2023?
In 2023, the median household income in South San Francisco, California was $132,837.
What was the median household income in South San Francisco in 2020?
In 2020, the median household income in South San Francisco, California was $105,918.
What is the Gini coefficient in South San Francisco, California?
The Gini coefficient in South San Francisco is 0.545. 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 San Francisco, California?
Since 2009, the income gap between men and women in South San Francisco, California has narrowed from about 12% to -3% in 2023. In dollar terms, the gap has narrowed by $8,629 since 2009.