Distribution of Wealth in SD County

[UCGal]

sdlookup.com allows you to plug in a zip and see what types of homes are available in an area – you can filter on single family only or condo only.

Redfin.com does the same thing – and gives you a nice view of the zipcode boundaries. It also has the feature of showing you past sales data (can be looked at for various time ranges – going back pretty far.)

In general, I try to defer to the Piggs who know their areas the best.

Clearly you’re super familiar with Chula Vista and southbay. Much more familiar than I am. I defer to you on all things Chula Vista.

AN knows Mira Mesa really well. XboxBoy knows La Jolla. sdrealtor seems to know north county coastal really well, and SD Realtor knows scripps ranch, pq, and poway really well. (I hope I didn’t get those backwards.) Temeculaguy, paramount, scaredycat all can speak to Temecula Valley with authority. jpinpb has much of central San Diego coastal (PB, Clairemont, La Jolla) nailed.

Eugene is the data analyst – he’s great at pulling out hard demographic data on almost any neighborhood.

It’s like it says at the bottom of the page…
“In God We Trust. Everyone Else Bring Data.”

You’ve brought enough data to show you know Chula Vista really well. But it seems silly to argue demographics on neighborhoods (like PQ or Mira Mesa) that you admit you haven’t been to in 20 years.

Sorry for the hijack. Back to the Original Topic.

[flyer]

Our family (back to the grandparents)
have owned primary and rental property all over San Diego County (mostly coastal) for over 40 years, and it’s interesting to see this breakdown. Thanks for posting.

[flyer]

Our family (back to the grandparents)
have owned primary and rental property all over San Diego County (mostly coastal) for over 40 years, and it’s interesting to see this breakdown. Thanks for posting.

[flyer]

Our family (back to the grandparents)
have owned primary and rental property all over San Diego County (mostly coastal) for over 40 years, and it’s interesting to see this breakdown. Thanks for posting.

[flyer]

Our family (back to the grandparents)
have owned primary and rental property all over San Diego County (mostly coastal) for over 40 years, and it’s interesting to see this breakdown. Thanks for posting.

[flyer]

Our family (back to the grandparents)
have owned primary and rental property all over San Diego County (mostly coastal) for over 40 years, and it’s interesting to see this breakdown. Thanks for posting.

[an]

bearishgurl, I just noticed you created this thread about this topic, so I’ll stay way from the NE PQ thread. To your original question, I use SDLookup for my data, I use ONLY SFR (no condo) and I use Active Listings. I haven’t been collecting SOLD listing data for any other zip code other than 92126, so I can’t tell you with any certainty about the closings in other areas.

I’m not debating with you about the wealthy. I agree with you that the wealthy might not have any income. I would say you need to have $10M in assets before I consider you wealthy.

Your analysis about South County basically repeat what I said in my other post. South County zip codes (like 91910, 91911, etc) have a very diverse housing stock. However, they start very low.

I go here for the demographic data I’m showing below: http://homes.point2.com. Here are the demographics for the different zip codes:

92126:
Average Household Net Worth $556,612
Median Household Net Worth $171,223
Median Home Sale Price $407,250
Median Total Debts $209,154
Average Household Income $84,178
Median Household Income $74,234

92129:
Average Household Net Worth $791,538
Median Household Net Worth $249,322
Median Home Sale Price $545,000
Median Total Debts $306,213
Average Household Income $107,292
Median Household Income $96,941

91910:
verage Household Net Worth $467,670
Median Household Net Worth $141,968
Median Home Sale Price $416,000
Median Total Debts $160,359
Average Household Income $68,041
Median Household Income $53,645

91911:
Average Household Net Worth $402,201
Median Household Net Worth $123,325
Median Home Sale Price $405,789
Median Total Debts $139,119
Average Household Income $60,347
Median Household Income $49,333

92014:
Average Household Net Worth $1,160,532
Median Household Net Worth $385,373
Median Home Sale Price $1,202,000
Median Total Debts $446,164
Average Household Income $210,923
Median Household Income $123,166

92067:
Average Household Net Worth $1,548,269
Median Household Net Worth $528,532
Median Home Sale Price $2,500,000
Median Total Debts $610,097
Average Household Income $411,595
Median Household Income $462,120

92014 & 92067 are the two example of true wealthy areas. As you can see, their average household income is quite high. Which shows that a lot of them do have income on top of having assets.

Using your income breakdown to determine the classes and using the demographic of the zip codes I just presented, it seems like 92129 is on the low end of MC, 92126 is on the high end of lower MC, 91910/91911 is barely breaking the lower MC. 92014 would be upper MC and 92067 is your wealthy area.

As UCGal and I posted on the other thread, your “quintessential CV couples” are not exclusive to Chula Vista area. I know a few in 92126 that fits the bill. Yet, the area belong to the lower MC as you described.

BTW, it’s not very hard to have $1.5M in asset if you’re frugal and you have time. If you save $4k/month for 15 years and you make 8% ROI, you’ll have $1.5M. It’s not that hard to save $4k/month if you make $150k/yr. It’ll be even easier when you make $250k/yr. If you start making $150k/yr at the age of 25, by the time you’re 40, you’ll have $1.5M in the bank in cash. That’s why I draw the asset line at $10M for the wealthy, not $1.5M.

[an]

bearishgurl, I just noticed you created this thread about this topic, so I’ll stay way from the NE PQ thread. To your original question, I use SDLookup for my data, I use ONLY SFR (no condo) and I use Active Listings. I haven’t been collecting SOLD listing data for any other zip code other than 92126, so I can’t tell you with any certainty about the closings in other areas.

I’m not debating with you about the wealthy. I agree with you that the wealthy might not have any income. I would say you need to have $10M in assets before I consider you wealthy.

Your analysis about South County basically repeat what I said in my other post. South County zip codes (like 91910, 91911, etc) have a very diverse housing stock. However, they start very low.

I go here for the demographic data I’m showing below: http://homes.point2.com. Here are the demographics for the different zip codes:

92126:
Average Household Net Worth $556,612
Median Household Net Worth $171,223
Median Home Sale Price $407,250
Median Total Debts $209,154
Average Household Income $84,178
Median Household Income $74,234

92129:
Average Household Net Worth $791,538
Median Household Net Worth $249,322
Median Home Sale Price $545,000
Median Total Debts $306,213
Average Household Income $107,292
Median Household Income $96,941

91910:
verage Household Net Worth $467,670
Median Household Net Worth $141,968
Median Home Sale Price $416,000
Median Total Debts $160,359
Average Household Income $68,041
Median Household Income $53,645

91911:
Average Household Net Worth $402,201
Median Household Net Worth $123,325
Median Home Sale Price $405,789
Median Total Debts $139,119
Average Household Income $60,347
Median Household Income $49,333

92014:
Average Household Net Worth $1,160,532
Median Household Net Worth $385,373
Median Home Sale Price $1,202,000
Median Total Debts $446,164
Average Household Income $210,923
Median Household Income $123,166

92067:
Average Household Net Worth $1,548,269
Median Household Net Worth $528,532
Median Home Sale Price $2,500,000
Median Total Debts $610,097
Average Household Income $411,595
Median Household Income $462,120

92014 & 92067 are the two example of true wealthy areas. As you can see, their average household income is quite high. Which shows that a lot of them do have income on top of having assets.

Using your income breakdown to determine the classes and using the demographic of the zip codes I just presented, it seems like 92129 is on the low end of MC, 92126 is on the high end of lower MC, 91910/91911 is barely breaking the lower MC. 92014 would be upper MC and 92067 is your wealthy area.

As UCGal and I posted on the other thread, your “quintessential CV couples” are not exclusive to Chula Vista area. I know a few in 92126 that fits the bill. Yet, the area belong to the lower MC as you described.

BTW, it’s not very hard to have $1.5M in asset if you’re frugal and you have time. If you save $4k/month for 15 years and you make 8% ROI, you’ll have $1.5M. It’s not that hard to save $4k/month if you make $150k/yr. It’ll be even easier when you make $250k/yr. If you start making $150k/yr at the age of 25, by the time you’re 40, you’ll have $1.5M in the bank in cash. That’s why I draw the asset line at $10M for the wealthy, not $1.5M.

[an]

bearishgurl, I just noticed you created this thread about this topic, so I’ll stay way from the NE PQ thread. To your original question, I use SDLookup for my data, I use ONLY SFR (no condo) and I use Active Listings. I haven’t been collecting SOLD listing data for any other zip code other than 92126, so I can’t tell you with any certainty about the closings in other areas.

I’m not debating with you about the wealthy. I agree with you that the wealthy might not have any income. I would say you need to have $10M in assets before I consider you wealthy.

Your analysis about South County basically repeat what I said in my other post. South County zip codes (like 91910, 91911, etc) have a very diverse housing stock. However, they start very low.

I go here for the demographic data I’m showing below: http://homes.point2.com. Here are the demographics for the different zip codes:

92126:
Average Household Net Worth $556,612
Median Household Net Worth $171,223
Median Home Sale Price $407,250
Median Total Debts $209,154
Average Household Income $84,178
Median Household Income $74,234

92129:
Average Household Net Worth $791,538
Median Household Net Worth $249,322
Median Home Sale Price $545,000
Median Total Debts $306,213
Average Household Income $107,292
Median Household Income $96,941

91910:
verage Household Net Worth $467,670
Median Household Net Worth $141,968
Median Home Sale Price $416,000
Median Total Debts $160,359
Average Household Income $68,041
Median Household Income $53,645

91911:
Average Household Net Worth $402,201
Median Household Net Worth $123,325
Median Home Sale Price $405,789
Median Total Debts $139,119
Average Household Income $60,347
Median Household Income $49,333

92014:
Average Household Net Worth $1,160,532
Median Household Net Worth $385,373
Median Home Sale Price $1,202,000
Median Total Debts $446,164
Average Household Income $210,923
Median Household Income $123,166

92067:
Average Household Net Worth $1,548,269
Median Household Net Worth $528,532
Median Home Sale Price $2,500,000
Median Total Debts $610,097
Average Household Income $411,595
Median Household Income $462,120

92014 & 92067 are the two example of true wealthy areas. As you can see, their average household income is quite high. Which shows that a lot of them do have income on top of having assets.

Using your income breakdown to determine the classes and using the demographic of the zip codes I just presented, it seems like 92129 is on the low end of MC, 92126 is on the high end of lower MC, 91910/91911 is barely breaking the lower MC. 92014 would be upper MC and 92067 is your wealthy area.

As UCGal and I posted on the other thread, your “quintessential CV couples” are not exclusive to Chula Vista area. I know a few in 92126 that fits the bill. Yet, the area belong to the lower MC as you described.

BTW, it’s not very hard to have $1.5M in asset if you’re frugal and you have time. If you save $4k/month for 15 years and you make 8% ROI, you’ll have $1.5M. It’s not that hard to save $4k/month if you make $150k/yr. It’ll be even easier when you make $250k/yr. If you start making $150k/yr at the age of 25, by the time you’re 40, you’ll have $1.5M in the bank in cash. That’s why I draw the asset line at $10M for the wealthy, not $1.5M.

[an]

bearishgurl, I just noticed you created this thread about this topic, so I’ll stay way from the NE PQ thread. To your original question, I use SDLookup for my data, I use ONLY SFR (no condo) and I use Active Listings. I haven’t been collecting SOLD listing data for any other zip code other than 92126, so I can’t tell you with any certainty about the closings in other areas.

I’m not debating with you about the wealthy. I agree with you that the wealthy might not have any income. I would say you need to have $10M in assets before I consider you wealthy.

Your analysis about South County basically repeat what I said in my other post. South County zip codes (like 91910, 91911, etc) have a very diverse housing stock. However, they start very low.

I go here for the demographic data I’m showing below: http://homes.point2.com. Here are the demographics for the different zip codes:

92126:
Average Household Net Worth $556,612
Median Household Net Worth $171,223
Median Home Sale Price $407,250
Median Total Debts $209,154
Average Household Income $84,178
Median Household Income $74,234

92129:
Average Household Net Worth $791,538
Median Household Net Worth $249,322
Median Home Sale Price $545,000
Median Total Debts $306,213
Average Household Income $107,292
Median Household Income $96,941

91910:
verage Household Net Worth $467,670
Median Household Net Worth $141,968
Median Home Sale Price $416,000
Median Total Debts $160,359
Average Household Income $68,041
Median Household Income $53,645

91911:
Average Household Net Worth $402,201
Median Household Net Worth $123,325
Median Home Sale Price $405,789
Median Total Debts $139,119
Average Household Income $60,347
Median Household Income $49,333

92014:
Average Household Net Worth $1,160,532
Median Household Net Worth $385,373
Median Home Sale Price $1,202,000
Median Total Debts $446,164
Average Household Income $210,923
Median Household Income $123,166

92067:
Average Household Net Worth $1,548,269
Median Household Net Worth $528,532
Median Home Sale Price $2,500,000
Median Total Debts $610,097
Average Household Income $411,595
Median Household Income $462,120

92014 & 92067 are the two example of true wealthy areas. As you can see, their average household income is quite high. Which shows that a lot of them do have income on top of having assets.

Using your income breakdown to determine the classes and using the demographic of the zip codes I just presented, it seems like 92129 is on the low end of MC, 92126 is on the high end of lower MC, 91910/91911 is barely breaking the lower MC. 92014 would be upper MC and 92067 is your wealthy area.

As UCGal and I posted on the other thread, your “quintessential CV couples” are not exclusive to Chula Vista area. I know a few in 92126 that fits the bill. Yet, the area belong to the lower MC as you described.

BTW, it’s not very hard to have $1.5M in asset if you’re frugal and you have time. If you save $4k/month for 15 years and you make 8% ROI, you’ll have $1.5M. It’s not that hard to save $4k/month if you make $150k/yr. It’ll be even easier when you make $250k/yr. If you start making $150k/yr at the age of 25, by the time you’re 40, you’ll have $1.5M in the bank in cash. That’s why I draw the asset line at $10M for the wealthy, not $1.5M.

[an]

bearishgurl, I just noticed you created this thread about this topic, so I’ll stay way from the NE PQ thread. To your original question, I use SDLookup for my data, I use ONLY SFR (no condo) and I use Active Listings. I haven’t been collecting SOLD listing data for any other zip code other than 92126, so I can’t tell you with any certainty about the closings in other areas.

I’m not debating with you about the wealthy. I agree with you that the wealthy might not have any income. I would say you need to have $10M in assets before I consider you wealthy.

Your analysis about South County basically repeat what I said in my other post. South County zip codes (like 91910, 91911, etc) have a very diverse housing stock. However, they start very low.

I go here for the demographic data I’m showing below: http://homes.point2.com. Here are the demographics for the different zip codes:

92126:
Average Household Net Worth $556,612
Median Household Net Worth $171,223
Median Home Sale Price $407,250
Median Total Debts $209,154
Average Household Income $84,178
Median Household Income $74,234

92129:
Average Household Net Worth $791,538
Median Household Net Worth $249,322
Median Home Sale Price $545,000
Median Total Debts $306,213
Average Household Income $107,292
Median Household Income $96,941

91910:
verage Household Net Worth $467,670
Median Household Net Worth $141,968
Median Home Sale Price $416,000
Median Total Debts $160,359
Average Household Income $68,041
Median Household Income $53,645

91911:
Average Household Net Worth $402,201
Median Household Net Worth $123,325
Median Home Sale Price $405,789
Median Total Debts $139,119
Average Household Income $60,347
Median Household Income $49,333

92014:
Average Household Net Worth $1,160,532
Median Household Net Worth $385,373
Median Home Sale Price $1,202,000
Median Total Debts $446,164
Average Household Income $210,923
Median Household Income $123,166

92067:
Average Household Net Worth $1,548,269
Median Household Net Worth $528,532
Median Home Sale Price $2,500,000
Median Total Debts $610,097
Average Household Income $411,595
Median Household Income $462,120

92014 & 92067 are the two example of true wealthy areas. As you can see, their average household income is quite high. Which shows that a lot of them do have income on top of having assets.

Using your income breakdown to determine the classes and using the demographic of the zip codes I just presented, it seems like 92129 is on the low end of MC, 92126 is on the high end of lower MC, 91910/91911 is barely breaking the lower MC. 92014 would be upper MC and 92067 is your wealthy area.

As UCGal and I posted on the other thread, your “quintessential CV couples” are not exclusive to Chula Vista area. I know a few in 92126 that fits the bill. Yet, the area belong to the lower MC as you described.

BTW, it’s not very hard to have $1.5M in asset if you’re frugal and you have time. If you save $4k/month for 15 years and you make 8% ROI, you’ll have $1.5M. It’s not that hard to save $4k/month if you make $150k/yr. It’ll be even easier when you make $250k/yr. If you start making $150k/yr at the age of 25, by the time you’re 40, you’ll have $1.5M in the bank in cash. That’s why I draw the asset line at $10M for the wealthy, not $1.5M.

[Eugene]

[quote]Household incomes in SD County:

$00 to 45K = low income
$45K to 100K = lower MC income
$100K to 200K = MC income
$200K to 350K = upper MC income
wealth = non RE and non-retirement assets of $1.5M or more
[/quote]

Based on this definition, there is exactly one upper MC zip code (i.e. a zip code where at least half of all population is upper MC) in the entire county, and that is 92067, Rancho Santa Fe.

If I massage the data a little bit, by excluding everyone who lives in apartments and condos, for example, I can get Del Mar, Solana Beach and Carmel Valley into that category.

I think that you’re seriously overestimating the average wealth/income of San Diegans.

Or maybe we have different concepts of “lower MC/upper MC”. It seems that, in your worldview, the 60th percentile is “lower MC” and even the 90th percentile is still “middle class”.

[Eugene]

[quote]Household incomes in SD County:

$00 to 45K = low income
$45K to 100K = lower MC income
$100K to 200K = MC income
$200K to 350K = upper MC income
wealth = non RE and non-retirement assets of $1.5M or more
[/quote]

Based on this definition, there is exactly one upper MC zip code (i.e. a zip code where at least half of all population is upper MC) in the entire county, and that is 92067, Rancho Santa Fe.

If I massage the data a little bit, by excluding everyone who lives in apartments and condos, for example, I can get Del Mar, Solana Beach and Carmel Valley into that category.

I think that you’re seriously overestimating the average wealth/income of San Diegans.

Or maybe we have different concepts of “lower MC/upper MC”. It seems that, in your worldview, the 60th percentile is “lower MC” and even the 90th percentile is still “middle class”.

[Eugene]

[quote]Household incomes in SD County:

$00 to 45K = low income
$45K to 100K = lower MC income
$100K to 200K = MC income
$200K to 350K = upper MC income
wealth = non RE and non-retirement assets of $1.5M or more
[/quote]

Based on this definition, there is exactly one upper MC zip code (i.e. a zip code where at least half of all population is upper MC) in the entire county, and that is 92067, Rancho Santa Fe.

If I massage the data a little bit, by excluding everyone who lives in apartments and condos, for example, I can get Del Mar, Solana Beach and Carmel Valley into that category.

I think that you’re seriously overestimating the average wealth/income of San Diegans.

Or maybe we have different concepts of “lower MC/upper MC”. It seems that, in your worldview, the 60th percentile is “lower MC” and even the 90th percentile is still “middle class”.

[Eugene]

[quote]Household incomes in SD County:

$00 to 45K = low income
$45K to 100K = lower MC income
$100K to 200K = MC income
$200K to 350K = upper MC income
wealth = non RE and non-retirement assets of $1.5M or more
[/quote]

Based on this definition, there is exactly one upper MC zip code (i.e. a zip code where at least half of all population is upper MC) in the entire county, and that is 92067, Rancho Santa Fe.

If I massage the data a little bit, by excluding everyone who lives in apartments and condos, for example, I can get Del Mar, Solana Beach and Carmel Valley into that category.

I think that you’re seriously overestimating the average wealth/income of San Diegans.

Or maybe we have different concepts of “lower MC/upper MC”. It seems that, in your worldview, the 60th percentile is “lower MC” and even the 90th percentile is still “middle class”.

[Author]

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