Household income shrunk by more than $10,000 in this California city.

The median household income in a San Joaquin Valley city decreased by more than $10,000 last year, making it one of the top places nationwide to see a sharp drop in income.

Madera, a city northwest of Fresno, had a median household income of $67,454 in 2022. That dropped to $55,622 last year, according to a study by SmartAsset.

The consumer finance website ranked 630 U.S. cities by the greatest percent decline in median household income from 2022 to 2023 based on data from the U.S. Census Bureau. The study comes as the Census Bureau reported in September that the U.S. median household income last year was $80,610, a 4% increase from 2022. The Economic Policy Institute said that falling inflation, millions more jobs and an increase in wages are responsible for the increase.

However, SmartAsset’s study shows that not all households experienced an increase in median income last year.

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What cities in California experienced a decrease in median household income?

According to SmartAsset, Madera had the third greatest decline in median household income of the cities analyzed, or -17.54%. Cities were ranked by the percent change.

The central California city follows Marysville, Washington and Champaign, Illinois. Madera also saw a decrease in households earning $100,000 or more in the same period, dropping from approximately 30% to 23.6%. Yet the percentage of households earning $200,000 or more in Madera grew slightly from 3.8% in 2022 to 4% last year, according to SmartAsset.

Madera isn’t the only city in California to see a drop in the median household income. Here are 10 cities in California that were ranked high due to the decline in income.

Union City, No. 5

Median income in 2022: $148,460
Median income in 2023: $124,383
Change in income: −16.22%

Merced, No. 6

Median income in 2022: $64,160
Median income in 2023: $53,931
Change in income: −15.94%

Palmdale, No. 16

Median income in 2022: $90,330
Median income 2023: $78,743
Change in income: −12.83%

Clovis, No. 23

Median income in 2022: $100,399
Median income in 2023: $88,828
Change in income: −11.53%

Hawthorne, No. 24

Median income in 2022: $73,515
Median income in 2023: $65,166
Change in income: −11.36%

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Rocklin, No. 27

Median income in 2022: $119,436
Median income in 2023: $106,408
Change in income: −10.91%

Carlsbad, No. 30

Median income in 2022: $146,596
Median income in 2023: $131,257
Change in income: −10.46%

Antioch, No. 42

Median income in 2022: $100,178
Median income in 2023: $91,256
Change in income: −8.91%

Hesperia, No. 43

Median income in 2022: $73,821
Median income in 2023: $67,348
Change in income: −8.77%

San Leandro, No. 45

Median income in 2022: $92,651
Median income in 2023: $84,657
Change in income: -8.63%

Paris Barraza is a trending reporter covering California news at The Desert Sun. Reach her at pbarraza@gannett.com. Follow her on Twitter @ParisBarraza.

This article originally appeared on Palm Springs Desert Sun: Median household income in these California cities decreased in 2023

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