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 | West Hollywood | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,810 | $96,718 | $78,145 |
| Median Personal Income | $97,721 | $68,943 | $61,726 |
| Average income growth | 6.1% | 6.0% | 5.1% |
| Six-Figure Earners | 29.9% | 16.9% | 13.2% |
The median household income in West Hollywood is about 4% lower than in California. Income has been growing faster in West Hollywood (6.1%/yr) than in California (6.0%/yr).
About 30% of adults in West Hollywood 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 West Hollywood, California grew by 85.6% from 2009 to 2023, reaching $92,810 in 2023. That's an average of about 6.1% per year.
Economic Inequality in West Hollywood | Gender Pay Gap | Gini Coefficient
| Metric | West Hollywood | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.487 | 0.596 | 0.570 |
| Male Median Income | $106,146 | $73,016 | $67,746 |
| Female Median Income | $89,273 | $63,704 | $54,793 |
| Gender Pay Gap | 15.9% | 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 West Hollywood, it is 0.487, lower than California's 0.596, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in West Hollywood, California. Over a 35-year career, a 19% wage gap accumulates to roughly $590,555 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in West Hollywood, California has widened from about 11% to 16% in 2023. In dollar terms, the gap has widened by $9,915 since 2009.
Employment
| Metric | West Hollywood | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.0% | 6.4% | 5.2% |
| Working from Home | 25.6% | 15.5% | 13.4% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 2,076 people are unemployed in West Hollywood, California.
The average commute time in West Hollywood is 27 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in West Hollywood, California has fallen from 8.3% to 8.0% in 2023.
Conclusion
Considering all these factors, West Hollywood, 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 West Hollywood, California.
How Rich Is West Hollywood, California?
West Hollywood 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 $92,810, about 4% lower than the California average of $96,718.
What is the current median household income in West Hollywood, California?
As of 2023, the median household income in West Hollywood, California is $92,810.
What was the median household income in West Hollywood in 2023?
In 2023, the median household income in West Hollywood, California was $92,810.
What was the median household income in West Hollywood in 2020?
In 2020, the median household income in West Hollywood, California was $72,218.
What is the Gini coefficient in West Hollywood, California?
The Gini coefficient in West Hollywood is 0.487. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in West Hollywood, California?
Since 2009, the income gap between men and women in West Hollywood, California has widened from about 11% to 16% in 2023. In dollar terms, the gap has widened by $9,915 since 2009.