Wealth Index
Among the top 5 wealthiest 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 | Culebra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $28,455 | $25,099 | $78,145 |
| Median Personal Income | $20,841 | $28,660 | $61,726 |
| Average income growth | 4.9% | 3.6% | 5.1% |
| Six-Figure Earners | 2.7% | 2.0% | 13.2% |
The median household income in Culebra Municipio is about 13% higher than in Puerto Rico. Income has been growing faster in Culebra Municipio (4.9%/yr) than in Puerto Rico (3.6%/yr).
About 3% of adults in Culebra Municipio earn six figures ($100,000 or more) a year, higher than the Puerto Rico average of 2%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Culebra Municipio, Puerto Rico grew by 38.5% from 2009 to 2023, reaching $28,455 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Culebra Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Culebra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.633 | 0.570 |
| Male Median Income | $22,613 | $28,516 | $67,746 |
| Female Median Income | $20,000 | $28,791 | $54,793 |
| Gender Pay Gap | 11.6% | -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 Culebra Municipio, it is 0.543, lower than Puerto Rico's 0.633, 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 13% more than women's income in Culebra Municipio, Puerto Rico. Over a 35-year career, a 13% wage gap accumulates to roughly $91,455 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Culebra Municipio, Puerto Rico has widened from about 6% to 12% in 2023. In dollar terms, the gap has widened by $1,556 since 2009.
Employment
| Metric | Culebra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 12.1% | 5.2% |
| Working from Home | 4.9% | 5.4% | 13.4% |
| Commute time (minutes) | 12 | 23 | 22 |
Approximately 22 people are unemployed in Culebra Municipio, Puerto Rico.
The average commute time in Culebra Municipio is 12 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Culebra Municipio, Puerto Rico has fallen from 8.1% to 3.3% in 2023.
Conclusion
Considering all these factors, Culebra Municipio, Puerto Rico has an overall wealth index grade of D, making it somewhat better than Puerto Rico, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Culebra Municipio, Puerto Rico.
How Rich Is Culebra Municipio, Puerto Rico?
Culebra Municipio 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 $28,455, about 13% higher than the Puerto Rico average of $25,099.
What is the current median household income in Culebra Municipio, Puerto Rico?
As of 2023, the median household income in Culebra Municipio, Puerto Rico is $28,455.
What was the median household income in Culebra Municipio in 2023?
In 2023, the median household income in Culebra Municipio, Puerto Rico was $28,455.
What was the median household income in Culebra Municipio in 2020?
In 2020, the median household income in Culebra Municipio, Puerto Rico was $26,316.
What is the Gini coefficient in Culebra Municipio, Puerto Rico?
The Gini coefficient in Culebra Municipio is 0.543. 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 Culebra Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Culebra Municipio, Puerto Rico has widened from about 6% to 12% in 2023. In dollar terms, the gap has widened by $1,556 since 2009.