Wealth Index
Wealthier than 81% of counties in California
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 | Ventura County | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,973 | $96,718 | $78,145 |
| Median Personal Income | $68,194 | $68,943 | $61,726 |
| Average income growth | 4.6% | 6.0% | 5.1% |
| Six-Figure Earners | 17.1% | 16.9% | 13.2% |
The median household income in Ventura County is about 12% higher than in California. Income has been growing slower in Ventura County (4.6%/yr) than in California (6.0%/yr).
About 17% of adults in Ventura County earn six figures ($100,000 or more) a year, about the same as the California average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Ventura County, California grew by 44.7% from 2009 to 2023, reaching $107,973 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Ventura County | Gender Pay Gap | Gini Coefficient
| Metric | Ventura County | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.578 | 0.596 | 0.570 |
| Male Median Income | $71,822 | $73,016 | $67,746 |
| Female Median Income | $62,858 | $63,704 | $54,793 |
| Gender Pay Gap | 12.5% | 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 Ventura County, it is 0.578, 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 14% more than women's income in Ventura County, California. Over a 35-year career, a 14% wage gap accumulates to roughly $313,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ventura County, California has narrowed from about 22% to 12% in 2023. In dollar terms, the gap has narrowed by $3,308 since 2009.
Employment
| Metric | Ventura County | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.4% | 5.2% |
| Working from Home | 14.1% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 23,526 people are unemployed in Ventura County, California.
The average commute time in Ventura County is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ventura County, California has fallen from 8.2% to 5.4% in 2023.
Conclusion
Considering all these factors, Ventura County, 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 Ventura County, California.
How Rich Is Ventura County, California?
Ventura County 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 $107,973, about 12% higher than the California average of $96,718.
What is the current median household income in Ventura County, California?
As of 2023, the median household income in Ventura County, California is $107,973.
What was the median household income in Ventura County in 2023?
In 2023, the median household income in Ventura County, California was $107,973.
What was the median household income in Ventura County in 2020?
In 2020, the median household income in Ventura County, California was $90,201.
What is the Gini coefficient in Ventura County, California?
The Gini coefficient in Ventura County is 0.578. 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 Ventura County, California?
Since 2009, the income gap between men and women in Ventura County, California has narrowed from about 22% to 12% in 2023. In dollar terms, the gap has narrowed by $3,308 since 2009.