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 | Tustin | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,567 | $96,718 | $78,145 |
| Median Personal Income | $73,838 | $68,943 | $61,726 |
| Average income growth | 6.2% | 6.0% | 5.1% |
| Six-Figure Earners | 19.1% | 16.9% | 13.2% |
The median household income in Tustin is about 13% higher than in California. Income has been growing faster in Tustin (6.2%/yr) than in California (6.0%/yr).
About 19% of adults in Tustin 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 Tustin, California grew by 55.9% from 2009 to 2023, reaching $109,567 in 2023. That's an average of about 6.2% per year.
Economic Inequality in Tustin | Gender Pay Gap | Gini Coefficient
| Metric | Tustin | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.596 | 0.570 |
| Male Median Income | $78,911 | $73,016 | $67,746 |
| Female Median Income | $69,178 | $63,704 | $54,793 |
| Gender Pay Gap | 12.3% | 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 Tustin, it is 0.574, 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 14% more than women's income in Tustin, California. Over a 35-year career, a 14% wage gap accumulates to roughly $340,655 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Tustin, California has stayed about the same since 2009, at around 12%. In dollar terms, the gap has widened by $3,055 since 2009.
Employment
| Metric | Tustin | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 6.4% | 5.2% |
| Working from Home | 16.0% | 15.5% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 2,217 people are unemployed in Tustin, California.
The average commute time in Tustin is 21 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tustin, California has fallen from 8.2% to 5.1% in 2023.
Conclusion
Considering all these factors, Tustin, 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 Tustin, California.
How Rich Is Tustin, California?
Tustin 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 $109,567, about 13% higher than the California average of $96,718.
What is the current median household income in Tustin, California?
As of 2023, the median household income in Tustin, California is $109,567.
What was the median household income in Tustin in 2023?
In 2023, the median household income in Tustin, California was $109,567.
What was the median household income in Tustin in 2020?
In 2020, the median household income in Tustin, California was $89,162.
What is the Gini coefficient in Tustin, California?
The Gini coefficient in Tustin is 0.574. 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 Tustin, California?
The income gap between men and women in Tustin, California has stayed about the same since 2009, at around 12%. In dollar terms, the gap has widened by $3,055 since 2009.