Wealth Index
Less wealthy than 78% 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 | Moca Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $21,559 | $25,099 | $78,145 |
| Median Personal Income | $28,987 | $28,660 | $61,726 |
| Average income growth | 6.2% | 3.6% | 5.1% |
| Six-Figure Earners | 1.6% | 2.0% | 13.2% |
The median household income in Moca Municipio is about 14% lower than in Puerto Rico. Income has been growing faster in Moca Municipio (6.2%/yr) than in Puerto Rico (3.6%/yr).
About 2% of adults in Moca 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 Moca Municipio, Puerto Rico grew by 71.8% from 2009 to 2023, reaching $21,559 in 2023. That's an average of about 6.2% per year.
Economic Inequality in Moca Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Moca Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.670 | 0.633 | 0.570 |
| Male Median Income | $28,974 | $28,516 | $67,746 |
| Female Median Income | $29,000 | $28,791 | $54,793 |
| Gender Pay Gap | -0.1% | -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 Moca Municipio, it is 0.670, 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.
Women's income is about 0% more than men's income in Moca Municipio, Puerto Rico.
Income by Sex Over Time
Since 2009, the income gap between men and women in Moca Municipio, Puerto Rico has narrowed from about 8% to -0% in 2023. In dollar terms, the gap has narrowed by $1,597 since 2009.
Employment
| Metric | Moca Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 19.2% | 12.1% | 5.2% |
| Working from Home | 6.3% | 5.4% | 13.4% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 2,782 people are unemployed in Moca Municipio, Puerto Rico.
The average commute time in Moca Municipio is 21 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Moca Municipio, Puerto Rico has fallen from 20.0% to 19.2% in 2023.
Conclusion
Considering all these factors, Moca 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 Moca Municipio, Puerto Rico.
How Rich Is Moca Municipio, Puerto Rico?
Moca 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 $21,559, about 14% lower than the Puerto Rico average of $25,099.
What is the current median household income in Moca Municipio, Puerto Rico?
As of 2023, the median household income in Moca Municipio, Puerto Rico is $21,559.
What was the median household income in Moca Municipio in 2023?
In 2023, the median household income in Moca Municipio, Puerto Rico was $21,559.
What was the median household income in Moca Municipio in 2020?
In 2020, the median household income in Moca Municipio, Puerto Rico was $16,319.
What is the Gini coefficient in Moca Municipio, Puerto Rico?
The Gini coefficient in Moca Municipio is 0.670. 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 Moca Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Moca Municipio, Puerto Rico has narrowed from about 8% to -0% in 2023. In dollar terms, the gap has narrowed by $1,597 since 2009.