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 | Stanton | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,594 | $96,718 | $78,145 |
| Median Personal Income | $51,600 | $68,943 | $61,726 |
| Average income growth | 6.6% | 6.0% | 5.1% |
| Six-Figure Earners | 8.5% | 16.9% | 13.2% |
The median household income in Stanton is about 19% lower than in California. Income has been growing faster in Stanton (6.6%/yr) than in California (6.0%/yr).
About 8% of adults in Stanton earn six figures ($100,000 or more) a year, lower than the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Stanton, California grew by 48.7% from 2009 to 2023, reaching $78,594 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Stanton | Gender Pay Gap | Gini Coefficient
| Metric | Stanton | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.583 | 0.596 | 0.570 |
| Male Median Income | $56,667 | $73,016 | $67,746 |
| Female Median Income | $46,541 | $63,704 | $54,793 |
| Gender Pay Gap | 17.9% | 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 Stanton, it is 0.583, 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 22% more than women's income in Stanton, California. Over a 35-year career, a 22% wage gap accumulates to roughly $354,410 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stanton, California has widened from about 2% to 18% in 2023. In dollar terms, the gap has widened by $9,430 since 2009.
Employment
| Metric | Stanton | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 6.4% | 5.2% |
| Working from Home | 7.2% | 15.5% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,458 people are unemployed in Stanton, California.
The average commute time in Stanton is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stanton, California has fallen from 11.4% to 8.1% in 2023.
Conclusion
Considering all these factors, Stanton, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Stanton, California.
How Rich Is Stanton, California?
Stanton has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $78,594, about 19% lower than the California average of $96,718.
What is the current median household income in Stanton, California?
As of 2023, the median household income in Stanton, California is $78,594.
What was the median household income in Stanton in 2023?
In 2023, the median household income in Stanton, California was $78,594.
What was the median household income in Stanton in 2020?
In 2020, the median household income in Stanton, California was $67,394.
What is the Gini coefficient in Stanton, California?
The Gini coefficient in Stanton is 0.583. 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 Stanton, California?
Since 2009, the income gap between men and women in Stanton, California has widened from about 2% to 18% in 2023. In dollar terms, the gap has widened by $9,430 since 2009.