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 | Humacao Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $26,244 | $25,099 | $78,145 |
| Median Personal Income | $26,474 | $28,660 | $61,726 |
| Average income growth | 4.5% | 3.6% | 5.1% |
| Six-Figure Earners | 1.6% | 2.0% | 13.2% |
The median household income in Humacao Municipio is about 5% higher than in Puerto Rico. Income has been growing faster in Humacao Municipio (4.5%/yr) than in Puerto Rico (3.6%/yr).
About 2% of adults in Humacao Municipio earn six figures ($100,000 or more) a year, about the same as the Puerto Rico average of 2%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Humacao Municipio, Puerto Rico grew by 47.4% from 2009 to 2023, reaching $26,244 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Humacao Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Humacao Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.606 | 0.633 | 0.570 |
| Male Median Income | $27,638 | $28,516 | $67,746 |
| Female Median Income | $25,903 | $28,791 | $54,793 |
| Gender Pay Gap | 6.3% | -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 Humacao Municipio, it is 0.606, lower than Puerto Rico's 0.633, so income is more 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 7% more than women's income in Humacao Municipio, Puerto Rico. Over a 35-year career, a 7% wage gap accumulates to roughly $60,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Humacao Municipio, Puerto Rico has narrowed from about 7% to 6% in 2023. In dollar terms, the gap has widened by $177 since 2009.
Employment
| Metric | Humacao Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 12.1% | 5.2% |
| Working from Home | 5.5% | 5.4% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 928 people are unemployed in Humacao Municipio, Puerto Rico.
The average commute time in Humacao Municipio is 21 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Humacao Municipio, Puerto Rico has fallen from 17.1% to 5.6% in 2023.
Conclusion
Considering all these factors, Humacao Municipio, Puerto Rico has an overall wealth index grade of F, making it about on par with Puerto Rico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Humacao Municipio, Puerto Rico.
How Rich Is Humacao Municipio, Puerto Rico?
Humacao 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 $26,244, about 5% higher than the Puerto Rico average of $25,099.
What is the current median household income in Humacao Municipio, Puerto Rico?
As of 2023, the median household income in Humacao Municipio, Puerto Rico is $26,244.
What was the median household income in Humacao Municipio in 2023?
In 2023, the median household income in Humacao Municipio, Puerto Rico was $26,244.
What was the median household income in Humacao Municipio in 2020?
In 2020, the median household income in Humacao Municipio, Puerto Rico was $21,723.
What is the Gini coefficient in Humacao Municipio, Puerto Rico?
The Gini coefficient in Humacao Municipio is 0.606. 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 Humacao Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Humacao Municipio, Puerto Rico has narrowed from about 7% to 6% in 2023. In dollar terms, the gap has widened by $177 since 2009.