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 | Stockton | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,043 | $96,718 | $78,145 |
| Median Personal Income | $54,125 | $68,943 | $61,726 |
| Average income growth | 8.0% | 6.0% | 5.1% |
| Six-Figure Earners | 8.4% | 16.9% | 13.2% |
The median household income in Stockton is about 21% lower than in California. Income has been growing faster in Stockton (8.0%/yr) than in California (6.0%/yr).
About 8% of adults in Stockton 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 Stockton, California grew by 61.1% from 2009 to 2023, reaching $76,043 in 2023. That's an average of about 8.0% per year.
Economic Inequality in Stockton | Gender Pay Gap | Gini Coefficient
| Metric | Stockton | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.598 | 0.596 | 0.570 |
| Male Median Income | $57,747 | $73,016 | $67,746 |
| Female Median Income | $49,046 | $63,704 | $54,793 |
| Gender Pay Gap | 15.1% | 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 Stockton, it is 0.598, about the same as California's 0.596, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 18% more than women's income in Stockton, California. Over a 35-year career, a 18% wage gap accumulates to roughly $304,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stockton, California has narrowed from about 16% to 15% in 2023. In dollar terms, the gap has widened by $1,755 since 2009.
Employment
| Metric | Stockton | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.9% | 6.4% | 5.2% |
| Working from Home | 6.9% | 15.5% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 10,947 people are unemployed in Stockton, California.
The average commute time in Stockton is 21 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stockton, California has fallen from 15.9% to 7.9% in 2023.
Conclusion
Considering all these factors, Stockton, 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 Stockton, California.
How Rich Is Stockton, California?
Stockton 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 $76,043, about 21% lower than the California average of $96,718.
What is the current median household income in Stockton, California?
As of 2023, the median household income in Stockton, California is $76,043.
What was the median household income in Stockton in 2023?
In 2023, the median household income in Stockton, California was $76,043.
What was the median household income in Stockton in 2020?
In 2020, the median household income in Stockton, California was $57,777.
What is the Gini coefficient in Stockton, California?
The Gini coefficient in Stockton is 0.598. 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 Stockton, California?
Since 2009, the income gap between men and women in Stockton, California has narrowed from about 16% to 15% in 2023. In dollar terms, the gap has widened by $1,755 since 2009.