Wealth Index
Wealthiest county 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 | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,985 | $25,099 | $78,145 |
| Median Personal Income | $43,823 | $28,660 | $61,726 |
| Average income growth | 4.5% | 3.6% | 5.1% |
| Six-Figure Earners | 7.8% | 2.0% | 13.2% |
The median household income in Guaynabo Municipio is about 83% higher than in Puerto Rico. Income has been growing faster in Guaynabo Municipio (4.5%/yr) than in Puerto Rico (3.6%/yr).
About 8% of adults in Guaynabo 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 Guaynabo Municipio, Puerto Rico grew by 36.1% from 2009 to 2023, reaching $45,985 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Guaynabo Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.641 | 0.633 | 0.570 |
| Male Median Income | $44,637 | $28,516 | $67,746 |
| Female Median Income | $42,548 | $28,791 | $54,793 |
| Gender Pay Gap | 4.7% | -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 Guaynabo Municipio, it is 0.641, higher than Puerto Rico's 0.633, 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 5% more than women's income in Guaynabo Municipio, Puerto Rico. Over a 35-year career, a 5% wage gap accumulates to roughly $73,115 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Guaynabo Municipio, Puerto Rico has narrowed from about 14% to 5% in 2023. In dollar terms, the gap has narrowed by $2,404 since 2009.
Employment
| Metric | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.5% | 12.1% | 5.2% |
| Working from Home | 8.6% | 5.4% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 3,025 people are unemployed in Guaynabo Municipio, Puerto Rico.
The average commute time in Guaynabo Municipio is 23 minutes, about the same as in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Guaynabo Municipio, Puerto Rico has fallen from 14.4% to 7.5% in 2023.
Conclusion
Considering all these factors, Guaynabo Municipio, Puerto Rico has an overall wealth index grade of D, making it far better than Puerto Rico, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Guaynabo Municipio, Puerto Rico.
How Rich Is Guaynabo Municipio, Puerto Rico?
Guaynabo 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 $45,985, about 83% higher than the Puerto Rico average of $25,099.
What is the current median household income in Guaynabo Municipio, Puerto Rico?
As of 2023, the median household income in Guaynabo Municipio, Puerto Rico is $45,985.
What was the median household income in Guaynabo Municipio in 2023?
In 2023, the median household income in Guaynabo Municipio, Puerto Rico was $45,985.
What was the median household income in Guaynabo Municipio in 2020?
In 2020, the median household income in Guaynabo Municipio, Puerto Rico was $36,238.
What is the Gini coefficient in Guaynabo Municipio, Puerto Rico?
The Gini coefficient in Guaynabo Municipio is 0.641. 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 Guaynabo Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Guaynabo Municipio, Puerto Rico has narrowed from about 14% to 5% in 2023. In dollar terms, the gap has narrowed by $2,404 since 2009.