GITNUX MARKETDATA REPORT 2024

Statistics About The Average Household Income Illinois

The average household income in Illinois is approximately $69,187.

In this post, we will be examining various statistics related to household income and income inequality in Illinois. From the average household income in different counties to the disparity between male and female incomes, we will provide a comprehensive overview of the economic landscape in the state. Let’s delve into the numbers and explore the nuances of income distribution in Illinois.

Statistic 1

"The average household income in Illinois is $65,886."

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Statistic 2

"The median family income in Illinois is $81,313."

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Statistic 3

"The average personal income in Illinois is $52,103."

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Statistic 4

"The average income for a male is $57,263 and for a female is $46,213."

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Statistic 5

"The average household income in Cook County is $61,691."

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Statistic 6

"The average household income in Lake County is $89,452."

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Statistic 7

"The average household income in Dupage County is $89,009."

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Statistic 8

"The average household income in Will County is $88,867."

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Statistic 9

"The average household income in McHenry County is $83,946."

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Statistic 10

"The average household income in Kane County is $77,998."

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Statistic 11

"The average household income in Madison County is $63,080."

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Statistic 12

"The average household income in Winnebago County is $53,749."

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Statistic 13

"The average household income in Monroe county is $85,547."

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Statistic 14

"The poverty rate in Illinois is 11.5%."

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Statistic 15

"The average income of the top 1% in Illinois is $1,412,024."

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Statistic 16

"The average income of the bottom 99% in Illinois is $57,752."

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Statistic 17

"The average income per capita in Illinois is $33,493."

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Statistic 18

"The Gini coefficient of income inequality in Illinois is 0.482."

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Statistic 19

"The average household income in Kendell County is $96,176."

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Statistic 20

"The average household income in Peoria County is $55,305."

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In conclusion, the statistics on household income in Illinois reveal a diverse economic landscape across different counties, with variations in average incomes ranging from $53,749 in Winnebago County to $96,176 in Kendell County. Overall, the state’s average household income of $65,886 falls below the median family income of $81,313, showcasing disparities in earnings. Furthermore, the average income for males is notably higher than that for females. The data also highlights income inequality, as evidenced by the Gini coefficient of 0.482 and the significant disparity between the average income of the top 1% ($1,412,024) and the bottom 99% ($57,752). Ultimately, while some areas like Lake, Dupage, and Will counties boast relatively high household incomes, others such as Winnebago and Madison counties exhibit lower income levels, contributing to the state’s poverty rate of 11.5%.

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