Major wildfires and heatwaves have begun to increase in frequency throughout much of the United States, particularly in western states such as California, causing increased risk to public health. Air pollution is exacerbated by both wildfires and warmer temperatures, thus adding to such risk. With climate change and the continued increase in global average temperatures, the frequency of major wildfires, heat days, and unhealthy air pollution episodes is projected to increase, resulting in the potential for compounding risks. Risks will likely vary by region and may disproportionately impact low-income communities and communities of color. In this study, we processed daily particulate matter (PM) data from over 18,000 low-cost PurpleAir sensors, along with gridMET daily maximum temperature data and government-compiled wildfire perimeter data from 2018–2020 in order to examine the occurrence of compound risk (CR) days (characterized by high temperature and high PM2.5) at the census tract level in California, and to understand how such days have been impacted by the occurrence of wildfires. Using American Community Survey data, we also examined the extent to which CR days were correlated with household income, race/ethnicity, education, and other socioeconomic factors at the census tract level. Results showed census tracts with a higher frequency of CR days to have statistically higher rates of poverty and unemployment, along with high proportions of child residents and households without computers. The frequency of CR days and elevated daily PM2.5 concentrations appeared to be strongly related to the occurrence of nearby wildfires, with over 20% of days with sensor-measured average PM2.5 > 35 μg/m3 showing a wildfire within a 100 km radius and over two-thirds of estimated CR days falling on such days with a nearby wildfire. Findings from this study are important to policymakers and government agencies who preside over the allocation of state resources as well as organizations seeking to empower residents and establish climate resilient communities.