Wealth Index
Among the top 5 wealthiest 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 | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $33,487 | $25,099 | $78,145 |
| Median Personal Income | $29,586 | $28,660 | $61,726 |
| Average income growth | 1.9% | 3.6% | 5.1% |
| Six-Figure Earners | 1.5% | 2.0% | 13.2% |
The median household income in Toa Alta Municipio is about 33% higher than in Puerto Rico. Income has been growing slower in Toa Alta Municipio (1.9%/yr) than in Puerto Rico (3.6%/yr).
About 2% of adults in Toa Alta 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 Toa Alta Municipio, Puerto Rico grew by 35.0% from 2009 to 2023, reaching $33,487 in 2023. That's an average of about 1.9% per year.
Economic Inequality in Toa Alta Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.616 | 0.633 | 0.570 |
| Male Median Income | $31,143 | $28,516 | $67,746 |
| Female Median Income | $28,537 | $28,791 | $54,793 |
| Gender Pay Gap | 8.4% | -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 Toa Alta Municipio, it is 0.616, 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 9% more than women's income in Toa Alta Municipio, Puerto Rico. Over a 35-year career, a 9% wage gap accumulates to roughly $91,210 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Toa Alta Municipio, Puerto Rico has narrowed from about 18% to 8% in 2023. In dollar terms, the gap has narrowed by $2,117 since 2009.
Employment
| Metric | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 12.1% | 5.2% |
| Working from Home | 4.2% | 5.4% | 13.4% |
| Commute time (minutes) | 37 | 23 | 22 |
Approximately 2,418 people are unemployed in Toa Alta Municipio, Puerto Rico.
The average commute time in Toa Alta Municipio is 37 minutes, longer than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Toa Alta Municipio, Puerto Rico has fallen from 12.1% to 8.1% in 2023.
Conclusion
Considering all these factors, Toa Alta Municipio, Puerto Rico has an overall wealth index grade of D, making it somewhat better than Puerto Rico, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Toa Alta Municipio, Puerto Rico.
How Rich Is Toa Alta Municipio, Puerto Rico?
Toa Alta 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 $33,487, about 33% higher than the Puerto Rico average of $25,099.
What is the current median household income in Toa Alta Municipio, Puerto Rico?
As of 2023, the median household income in Toa Alta Municipio, Puerto Rico is $33,487.
What was the median household income in Toa Alta Municipio in 2023?
In 2023, the median household income in Toa Alta Municipio, Puerto Rico was $33,487.
What was the median household income in Toa Alta Municipio in 2020?
In 2020, the median household income in Toa Alta Municipio, Puerto Rico was $27,529.
What is the Gini coefficient in Toa Alta Municipio, Puerto Rico?
The Gini coefficient in Toa Alta Municipio is 0.616. 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 Toa Alta Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Toa Alta Municipio, Puerto Rico has narrowed from about 18% to 8% in 2023. In dollar terms, the gap has narrowed by $2,117 since 2009.