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 | Wasco | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $51,620 | $96,718 | $78,145 |
| Median Personal Income | $40,315 | $68,943 | $61,726 |
| Average income growth | 5.2% | 6.0% | 5.1% |
| Six-Figure Earners | 2.2% | 16.9% | 13.2% |
The median household income in Wasco is about 47% lower than in California. Income has been growing slower in Wasco (5.2%/yr) than in California (6.0%/yr).
About 2% of adults in Wasco 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 Wasco, California grew by 37.5% from 2009 to 2023, reaching $51,620 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Wasco | Gender Pay Gap | Gini Coefficient
| Metric | Wasco | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.684 | 0.596 | 0.570 |
| Male Median Income | $44,017 | $73,016 | $67,746 |
| Female Median Income | $34,356 | $63,704 | $54,793 |
| Gender Pay Gap | 21.9% | 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 Wasco, it is 0.684, higher than California's 0.596, so income is less 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 28% more than women's income in Wasco, California. Over a 35-year career, a 28% wage gap accumulates to roughly $338,135 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wasco, California has widened from about -9% to 22% in 2023. In dollar terms, the gap has widened by $12,224 since 2009.
Employment
| Metric | Wasco | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.3% | 6.4% | 5.2% |
| Working from Home | 2.1% | 15.5% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 613 people are unemployed in Wasco, California.
The average commute time in Wasco is 21 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wasco, California has fallen from 12.9% to 7.3% in 2023.
Conclusion
Considering all these factors, Wasco, California has an overall wealth index grade of F, making it worse than California, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wasco, California.
How Rich Is Wasco, California?
Wasco has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $51,620, about 47% lower than the California average of $96,718.
What is the current median household income in Wasco, California?
As of 2023, the median household income in Wasco, California is $51,620.
What was the median household income in Wasco in 2023?
In 2023, the median household income in Wasco, California was $51,620.
What was the median household income in Wasco in 2020?
In 2020, the median household income in Wasco, California was $37,975.
What is the Gini coefficient in Wasco, California?
The Gini coefficient in Wasco is 0.684. 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 Wasco, California?
Since 2009, the income gap between men and women in Wasco, California has widened from about -9% to 22% in 2023. In dollar terms, the gap has widened by $12,224 since 2009.