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 | Winter Gardens | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,783 | $96,718 | $78,145 |
| Median Personal Income | $70,557 | $68,943 | $61,726 |
| Average income growth | 6.5% | 6.0% | 5.1% |
| Six-Figure Earners | 15.5% | 16.9% | 13.2% |
The median household income in Winter Gardens is about 2% higher than in California. Income has been growing faster in Winter Gardens (6.5%/yr) than in California (6.0%/yr).
About 16% of adults in Winter Gardens 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 Winter Gardens, California grew by 76.8% from 2009 to 2023, reaching $98,783 in 2023. That's an average of about 6.5% per year.
Economic Inequality in Winter Gardens | Gender Pay Gap | Gini Coefficient
| Metric | Winter Gardens | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.564 | 0.596 | 0.570 |
| Male Median Income | $87,931 | $73,016 | $67,746 |
| Female Median Income | $59,932 | $63,704 | $54,793 |
| Gender Pay Gap | 31.8% | 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 Winter Gardens, it is 0.564, 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 47% more than women's income in Winter Gardens, California. Over a 35-year career, a 47% wage gap accumulates to roughly $979,965 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Winter Gardens, California has widened from about 22% to 32% in 2023. In dollar terms, the gap has widened by $17,337 since 2009.
Employment
| Metric | Winter Gardens | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.4% | 5.2% |
| Working from Home | 14.5% | 15.5% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 532 people are unemployed in Winter Gardens, California.
The average commute time in Winter Gardens is 23 minutes, about the same as in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Winter Gardens, California has fallen from 9.9% to 4.9% in 2023.
Conclusion
Considering all these factors, Winter Gardens, California has an overall wealth index grade of C, making it about on par with California, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Winter Gardens, California.
How Rich Is Winter Gardens, California?
Winter Gardens has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $98,783, about 2% higher than the California average of $96,718.
What is the current median household income in Winter Gardens, California?
As of 2023, the median household income in Winter Gardens, California is $98,783.
What was the median household income in Winter Gardens in 2023?
In 2023, the median household income in Winter Gardens, California was $98,783.
What was the median household income in Winter Gardens in 2020?
In 2020, the median household income in Winter Gardens, California was $79,923.
What is the Gini coefficient in Winter Gardens, California?
The Gini coefficient in Winter Gardens is 0.564. 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 Winter Gardens, California?
Since 2009, the income gap between men and women in Winter Gardens, California has widened from about 22% to 32% in 2023. In dollar terms, the gap has widened by $17,337 since 2009.