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 | Yolo County | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,548 | $96,718 | $78,145 |
| Median Personal Income | $69,261 | $68,943 | $61,726 |
| Average income growth | 6.4% | 6.0% | 5.1% |
| Six-Figure Earners | 15.5% | 16.9% | 13.2% |
The median household income in Yolo County is about 7% lower than in California. Income has been growing faster in Yolo County (6.4%/yr) than in California (6.0%/yr).
About 15% of adults in Yolo County 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 Yolo County, California grew by 58.3% from 2009 to 2023, reaching $89,548 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Yolo County | Gender Pay Gap | Gini Coefficient
| Metric | Yolo County | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.619 | 0.596 | 0.570 |
| Male Median Income | $73,246 | $73,016 | $67,746 |
| Female Median Income | $64,368 | $63,704 | $54,793 |
| Gender Pay Gap | 12.1% | 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 Yolo County, it is 0.619, 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 14% more than women's income in Yolo County, California. Over a 35-year career, a 14% wage gap accumulates to roughly $310,730 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Yolo County, California has narrowed from about 19% to 12% in 2023. In dollar terms, the gap has narrowed by $1,001 since 2009.
Employment
| Metric | Yolo County | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 6.4% | 5.2% |
| Working from Home | 17.2% | 15.5% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 5,865 people are unemployed in Yolo County, California.
The average commute time in Yolo County is 18 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Yolo County, California has fallen from 9.7% to 5.3% in 2023.
Conclusion
Considering all these factors, Yolo County, 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 Yolo County, California.
How Rich Is Yolo County, California?
Yolo County 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 $89,548, about 7% lower than the California average of $96,718.
What is the current median household income in Yolo County, California?
As of 2023, the median household income in Yolo County, California is $89,548.
What was the median household income in Yolo County in 2023?
In 2023, the median household income in Yolo County, California was $89,548.
What was the median household income in Yolo County in 2020?
In 2020, the median household income in Yolo County, California was $73,683.
What is the Gini coefficient in Yolo County, California?
The Gini coefficient in Yolo County is 0.619. 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 Yolo County, California?
Since 2009, the income gap between men and women in Yolo County, California has narrowed from about 19% to 12% in 2023. In dollar terms, the gap has narrowed by $1,001 since 2009.