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 | Naguabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $21,877 | $25,099 | $78,145 |
| Median Personal Income | $22,287 | $28,660 | $61,726 |
| Average income growth | 2.2% | 3.6% | 5.1% |
| Six-Figure Earners | 0.2% | 2.0% | 13.2% |
The median household income in Naguabo Municipio is about 13% lower than in Puerto Rico. Income has been growing slower in Naguabo Municipio (2.2%/yr) than in Puerto Rico (3.6%/yr).
About 0% of adults in Naguabo 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 Naguabo Municipio, Puerto Rico grew by 40.6% from 2009 to 2023, reaching $21,877 in 2023. That's an average of about 2.2% per year.
Economic Inequality in Naguabo Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Naguabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.633 | 0.570 |
| Male Median Income | $20,971 | $28,516 | $67,746 |
| Female Median Income | $26,204 | $28,791 | $54,793 |
| Gender Pay Gap | -25.0% | -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 Naguabo Municipio, it is 0.560, 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.
Women's income is about 25% more than men's income in Naguabo Municipio, Puerto Rico. Over a 35-year career, a 25% wage gap accumulates to roughly $183,155 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Naguabo Municipio, Puerto Rico has widened from about -7% to -25% in 2023. In dollar terms, the gap has narrowed by $3,964 since 2009.
Employment
| Metric | Naguabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.1% | 12.1% | 5.2% |
| Working from Home | 3.4% | 5.4% | 13.4% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 737 people are unemployed in Naguabo Municipio, Puerto Rico.
The average commute time in Naguabo Municipio is 28 minutes, longer than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Naguabo Municipio, Puerto Rico has fallen from 16.2% to 9.1% in 2023.
Conclusion
Considering all these factors, Naguabo 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 Naguabo Municipio, Puerto Rico.
How Rich Is Naguabo Municipio, Puerto Rico?
Naguabo 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 $21,877, about 13% lower than the Puerto Rico average of $25,099.
What is the current median household income in Naguabo Municipio, Puerto Rico?
As of 2023, the median household income in Naguabo Municipio, Puerto Rico is $21,877.
What was the median household income in Naguabo Municipio in 2023?
In 2023, the median household income in Naguabo Municipio, Puerto Rico was $21,877.
What was the median household income in Naguabo Municipio in 2020?
In 2020, the median household income in Naguabo Municipio, Puerto Rico was $19,515.
What is the Gini coefficient in Naguabo Municipio, Puerto Rico?
The Gini coefficient in Naguabo Municipio is 0.560. 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 Naguabo Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Naguabo Municipio, Puerto Rico has widened from about -7% to -25% in 2023. In dollar terms, the gap has narrowed by $3,964 since 2009.