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 Whittier-Los Nietos | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $99,320 | $96,718 | $78,145 |
| Median Personal Income | $51,816 | $68,943 | $61,726 |
| Average income growth | 7.2% | 6.0% | 5.1% |
| Six-Figure Earners | 6.6% | 16.9% | 13.2% |
The median household income in West Whittier-Los Nietos is about 3% higher than in California. Income has been growing faster in West Whittier-Los Nietos (7.2%/yr) than in California (6.0%/yr).
About 7% of adults in West Whittier-Los Nietos 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 West Whittier-Los Nietos, California grew by 75.8% from 2009 to 2023, reaching $99,320 in 2023. That's an average of about 7.2% per year.
Economic Inequality in West Whittier-Los Nietos | Gender Pay Gap | Gini Coefficient
| Metric | West Whittier-Los Nietos | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.596 | 0.570 |
| Male Median Income | $54,072 | $73,016 | $67,746 |
| Female Median Income | $48,816 | $63,704 | $54,793 |
| Gender Pay Gap | 9.7% | 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 Whittier-Los Nietos, it is 0.569, 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 11% more than women's income in West Whittier-Los Nietos, California. Over a 35-year career, a 11% wage gap accumulates to roughly $183,960 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 Whittier-Los Nietos, California has widened from about 8% to 10% in 2023. In dollar terms, the gap has widened by $2,249 since 2009.
Employment
| Metric | West Whittier-Los Nietos | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 6.4% | 5.2% |
| Working from Home | 9.4% | 15.5% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 477 people are unemployed in West Whittier-Los Nietos, California.
The average commute time in West Whittier-Los Nietos is 31 minutes, longer than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in West Whittier-Los Nietos, California has fallen from 11.3% to 4.2% in 2023.
Conclusion
Considering all these factors, West Whittier-Los Nietos, California has an overall wealth index grade of D, making it somewhat worse than California, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in West Whittier-Los Nietos, California.
How Rich Is West Whittier-Los Nietos, California?
West Whittier-Los Nietos has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $99,320, about 3% higher than the California average of $96,718.
What is the current median household income in West Whittier-Los Nietos, California?
As of 2023, the median household income in West Whittier-Los Nietos, California is $99,320.
What was the median household income in West Whittier-Los Nietos in 2023?
In 2023, the median household income in West Whittier-Los Nietos, California was $99,320.
What was the median household income in West Whittier-Los Nietos in 2020?
In 2020, the median household income in West Whittier-Los Nietos, California was $73,937.
What is the Gini coefficient in West Whittier-Los Nietos, California?
The Gini coefficient in West Whittier-Los Nietos is 0.569. 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 West Whittier-Los Nietos, California?
Since 2009, the income gap between men and women in West Whittier-Los Nietos, California has widened from about 8% to 10% in 2023. In dollar terms, the gap has widened by $2,249 since 2009.