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 | Temple City | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $100,412 | $96,718 | $78,145 |
| Median Personal Income | $71,339 | $68,943 | $61,726 |
| Average income growth | 7.0% | 6.0% | 5.1% |
| Six-Figure Earners | 15.3% | 16.9% | 13.2% |
The median household income in Temple City is about 4% higher than in California. Income has been growing faster in Temple City (7.0%/yr) than in California (6.0%/yr).
About 15% of adults in Temple City 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 Temple City, California grew by 49.8% from 2009 to 2023, reaching $100,412 in 2023. That's an average of about 7.0% per year.
Economic Inequality in Temple City | Gender Pay Gap | Gini Coefficient
| Metric | Temple City | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.596 | 0.596 | 0.570 |
| Male Median Income | $75,340 | $73,016 | $67,746 |
| Female Median Income | $67,335 | $63,704 | $54,793 |
| Gender Pay Gap | 10.6% | 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 Temple City, it is 0.596, 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 12% more than women's income in Temple City, California. Over a 35-year career, a 12% wage gap accumulates to roughly $280,175 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Temple City, California has narrowed from about 17% to 11% in 2023. In dollar terms, the gap has narrowed by $512 since 2009.
Employment
| Metric | Temple City | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 6.4% | 5.2% |
| Working from Home | 16.5% | 15.5% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 1,148 people are unemployed in Temple City, California.
The average commute time in Temple City is 28 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Temple City, California has fallen from 6.6% to 6.2% in 2023.
Conclusion
Considering all these factors, Temple City, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Temple City, California.
How Rich Is Temple City, California?
Temple City has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $100,412, about 4% higher than the California average of $96,718.
What is the current median household income in Temple City, California?
As of 2023, the median household income in Temple City, California is $100,412.
What was the median household income in Temple City in 2023?
In 2023, the median household income in Temple City, California was $100,412.
What was the median household income in Temple City in 2020?
In 2020, the median household income in Temple City, California was $84,007.
What is the Gini coefficient in Temple City, California?
The Gini coefficient in Temple City is 0.596. 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 Temple City, California?
Since 2009, the income gap between men and women in Temple City, California has narrowed from about 17% to 11% in 2023. In dollar terms, the gap has narrowed by $512 since 2009.