Wealth Index
Less wealthy than 75% 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 | Las MarÃas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $16,418 | $25,099 | $78,145 |
| Median Personal Income | $23,927 | $28,660 | $61,726 |
| Average income growth | 3.5% | 3.6% | 5.1% |
| Six-Figure Earners | 0.3% | 2.0% | 13.2% |
The median household income in Las MarÃas Municipio is about 35% lower than in Puerto Rico. Income has been growing slower in Las MarÃas Municipio (3.5%/yr) than in Puerto Rico (3.6%/yr).
About 0% of adults in Las MarÃas 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 Las MarÃas Municipio, Puerto Rico grew by 16.8% from 2009 to 2023, reaching $16,418 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Las MarÃas Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Las MarÃas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.615 | 0.633 | 0.570 |
| Male Median Income | $24,071 | $28,516 | $67,746 |
| Female Median Income | $23,365 | $28,791 | $54,793 |
| Gender Pay Gap | 2.9% | -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 Las MarÃas Municipio, it is 0.615, 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 3% more than women's income in Las MarÃas Municipio, Puerto Rico. Over a 35-year career, a 3% wage gap accumulates to roughly $24,710 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Las MarÃas Municipio, Puerto Rico has narrowed from about -13% to 3% in 2023. In dollar terms, the gap has widened by $2,676 since 2009.
Employment
| Metric | Las MarÃas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 12.1% | 5.2% |
| Working from Home | 0.7% | 5.4% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 188 people are unemployed in Las MarÃas Municipio, Puerto Rico.
The average commute time in Las MarÃas Municipio is 22 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Las MarÃas Municipio, Puerto Rico has risen from 5.6% to 7.0% in 2023.
Conclusion
Considering all these factors, Las MarÃas Municipio, Puerto Rico has an overall wealth index grade of F, making it somewhat worse than Puerto Rico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Las MarÃas Municipio, Puerto Rico.
How Rich Is Las MarÃas Municipio, Puerto Rico?
Las MarÃas 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 $16,418, about 35% lower than the Puerto Rico average of $25,099.
What is the current median household income in Las MarÃas Municipio, Puerto Rico?
As of 2023, the median household income in Las MarÃas Municipio, Puerto Rico is $16,418.
What was the median household income in Las MarÃas Municipio in 2023?
In 2023, the median household income in Las MarÃas Municipio, Puerto Rico was $16,418.
What was the median household income in Las MarÃas Municipio in 2020?
In 2020, the median household income in Las MarÃas Municipio, Puerto Rico was $14,771.
What is the Gini coefficient in Las MarÃas Municipio, Puerto Rico?
The Gini coefficient in Las MarÃas Municipio is 0.615. 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 Las MarÃas Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Las MarÃas Municipio, Puerto Rico has narrowed from about -13% to 3% in 2023. In dollar terms, the gap has widened by $2,676 since 2009.