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 | Pearl City | Hawaii Avg | US Average |
|---|---|---|---|
| Median Household Income | $114,730 | $98,332 | $78,145 |
| Median Personal Income | $65,463 | $63,498 | $61,726 |
| Average income growth | 3.7% | 4.5% | 5.1% |
| Six-Figure Earners | 15.1% | 14.2% | 13.2% |
The median household income in Pearl City is about 17% higher than in Hawaii. Income has been growing slower in Pearl City (3.7%/yr) than in Hawaii (4.5%/yr).
About 15% of adults in Pearl City earn six figures ($100,000 or more) a year, higher than the Hawaii average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Pearl City, Hawaii grew by 48.1% from 2009 to 2023, reaching $114,730 in 2023. That's an average of about 3.7% per year.
Economic Inequality in Pearl City | Gender Pay Gap | Gini Coefficient
| Metric | Pearl City | Hawaii Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.535 | 0.570 |
| Male Median Income | $70,079 | $68,848 | $67,746 |
| Female Median Income | $60,585 | $57,717 | $54,793 |
| Gender Pay Gap | 13.5% | 16.2% | 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 Pearl City, it is 0.484, lower than Hawaii's 0.535, 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 16% more than women's income in Pearl City, Hawaii. Over a 35-year career, a 16% wage gap accumulates to roughly $332,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pearl City, Hawaii has narrowed from about 19% to 14% in 2023. In dollar terms, the gap has narrowed by $60 since 2009.
Employment
| Metric | Pearl City | Hawaii Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.7% | 5.2% |
| Working from Home | 7.2% | 8.8% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 613 people are unemployed in Pearl City, Hawaii.
The average commute time in Pearl City is 25 minutes, longer than the 22 minutes in Hawaii.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pearl City, Hawaii has fallen from 3.9% to 3.1% in 2023.
Conclusion
Considering all these factors, Pearl City, Hawaii has an overall wealth index grade of B, making it somewhat better than Hawaii, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pearl City, Hawaii.
How Rich Is Pearl City, Hawaii?
Pearl City has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $114,730, about 17% higher than the Hawaii average of $98,332.
What is the current median household income in Pearl City, Hawaii?
As of 2023, the median household income in Pearl City, Hawaii is $114,730.
What was the median household income in Pearl City in 2023?
In 2023, the median household income in Pearl City, Hawaii was $114,730.
What was the median household income in Pearl City in 2020?
In 2020, the median household income in Pearl City, Hawaii was $100,325.
What is the Gini coefficient in Pearl City, Hawaii?
The Gini coefficient in Pearl City is 0.484. 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 Pearl City, Hawaii?
Since 2009, the income gap between men and women in Pearl City, Hawaii has narrowed from about 19% to 14% in 2023. In dollar terms, the gap has narrowed by $60 since 2009.