Wealth Index
Wealthier than 82% of counties in Puerto Rico
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 | Aibonito Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $22,165 | $25,099 | $78,145 |
| Median Personal Income | $26,959 | $28,660 | $61,726 |
| Average income growth | 2.8% | 3.6% | 5.1% |
| Six-Figure Earners | 0.9% | 2.0% | 13.2% |
The median household income in Aibonito Municipio is about 12% lower than in Puerto Rico. Income has been growing slower in Aibonito Municipio (2.8%/yr) than in Puerto Rico (3.6%/yr).
About 1% of adults in Aibonito Municipio earn six figures ($100,000 or more) a year, lower than the Puerto Rico average of 2%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Aibonito Municipio, Puerto Rico grew by 45.9% from 2009 to 2023, reaching $22,165 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Aibonito Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Aibonito Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.633 | 0.570 |
| Male Median Income | $25,970 | $28,516 | $67,746 |
| Female Median Income | $28,315 | $28,791 | $54,793 |
| Gender Pay Gap | -9.0% | -1.0% | 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 Aibonito Municipio, it is 0.566, lower than Puerto Rico's 0.633, 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.
Women's income is about 9% more than men's income in Aibonito Municipio, Puerto Rico. Over a 35-year career, a 9% wage gap accumulates to roughly $82,075 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Aibonito Municipio, Puerto Rico has widened from about -1% to -9% in 2023. In dollar terms, the gap has narrowed by $2,167 since 2009.
Employment
| Metric | Aibonito Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 12.1% | 5.2% |
| Working from Home | 3.9% | 5.4% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 518 people are unemployed in Aibonito Municipio, Puerto Rico.
The average commute time in Aibonito Municipio is 17 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Aibonito Municipio, Puerto Rico has fallen from 12.0% to 6.4% in 2023.
Conclusion
Considering all these factors, Aibonito Municipio, Puerto Rico has an overall wealth index grade of F, making it somewhat better than Puerto Rico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Aibonito Municipio, Puerto Rico.
How Wealthy Is Aibonito Municipio, Puerto Rico?
Aibonito Municipio has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $22,165, about 12% lower than the Puerto Rico average of $25,099.
What is the current median household income in Aibonito Municipio, Puerto Rico?
As of 2023, the median household income in Aibonito Municipio, Puerto Rico is $22,165.
What was the median household income in Aibonito Municipio in 2023?
In 2023, the median household income in Aibonito Municipio, Puerto Rico was $22,165.
What was the median household income in Aibonito Municipio in 2020?
In 2020, the median household income in Aibonito Municipio, Puerto Rico was $20,557.
What is the Gini coefficient in Aibonito Municipio, Puerto Rico?
The Gini coefficient in Aibonito Municipio is 0.566. 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 Aibonito Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Aibonito Municipio, Puerto Rico has widened from about -1% to -9% in 2023. In dollar terms, the gap has narrowed by $2,167 since 2009.