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 | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $135,325 | $96,718 | $78,145 |
| Median Personal Income | $96,382 | $68,943 | $61,726 |
| Average income growth | 4.2% | 6.0% | 5.1% |
| Six-Figure Earners | 25.6% | 16.9% | 13.2% |
The median household income in Thousand Oaks is about 40% higher than in California. Income has been growing slower in Thousand Oaks (4.2%/yr) than in California (6.0%/yr).
About 26% of adults in Thousand Oaks 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 Thousand Oaks, California grew by 38.0% from 2009 to 2023, reaching $135,325 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Thousand Oaks | Gender Pay Gap | Gini Coefficient
| Metric | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.596 | 0.570 |
| Male Median Income | $107,982 | $73,016 | $67,746 |
| Female Median Income | $81,102 | $63,704 | $54,793 |
| Gender Pay Gap | 24.9% | 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 Thousand Oaks, it is 0.567, lower than California's 0.596, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 33% more than women's income in Thousand Oaks, California. Over a 35-year career, a 33% wage gap accumulates to roughly $940,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Thousand Oaks, California has narrowed from about 35% to 25% in 2023. In dollar terms, the gap has narrowed by $2,950 since 2009.
Employment
| Metric | Thousand Oaks | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.4% | 5.2% |
| Working from Home | 21.1% | 15.5% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 3,190 people are unemployed in Thousand Oaks, California.
The average commute time in Thousand Oaks is 18 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Thousand Oaks, California has fallen from 7.5% to 4.9% in 2023.
Conclusion
Considering all these factors, Thousand Oaks, 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 Thousand Oaks, California.
How Rich Is Thousand Oaks, California?
Thousand Oaks 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 $135,325, about 40% higher than the California average of $96,718.
What is the current median household income in Thousand Oaks, California?
As of 2023, the median household income in Thousand Oaks, California is $135,325.
What was the median household income in Thousand Oaks in 2023?
In 2023, the median household income in Thousand Oaks, California was $135,325.
What was the median household income in Thousand Oaks in 2020?
In 2020, the median household income in Thousand Oaks, California was $109,929.
What is the Gini coefficient in Thousand Oaks, California?
The Gini coefficient in Thousand Oaks is 0.567. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Thousand Oaks, California?
Since 2009, the income gap between men and women in Thousand Oaks, California has narrowed from about 35% to 25% in 2023. In dollar terms, the gap has narrowed by $2,950 since 2009.