Alton, Illinois Income Statistics
Alton Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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D
Alton Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Alton | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,750 | $84,042 | $80,455 |
| Median Personal Income | $48,582 | $64,565 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.5% | 4.8% |
| Six-Figure Earners | 5.6% | 15.0% | 13.9% |
| $200k+ Households | 3.1% | 13.8% | 13.2% |
The median household income in Alton is about 32% lower than in Illinois. Income has been growing faster in Alton (5.1%/yr) than in Illinois (4.5%/yr).
About 6% of adults in Alton earn six figures ($100,000 or more) a year, lower than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Alton, Illinois grew by 49.8% from 2009 to 2024, reaching $56,750 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Alton
| Metric | Alton | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.547 | 0.552 |
| Male Median Income | $53,812 | $73,933 | $69,667 |
| Female Median Income | $44,871 | $60,067 | $56,850 |
| Gender Pay Gap | 16.6% | 18.8% | 18.4% |
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 Alton, it is 0.518, lower than Illinois's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Alton, Illinois. Over a 35-year career, a 20% wage gap accumulates to roughly $312,935 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Alton, Illinois has narrowed from about 20% to 17% in 2024. Over that period the gap was widest at 29% in 2019, and was narrowest at 17% in 2022. In dollar terms, the gap has widened by $694 since 2009.
Employment
| Metric | Alton | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 5.8% | 5.2% |
| Working from Home | 9.8% | 15.9% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 681 people are unemployed in Alton, Illinois.
The average commute time in Alton is 18 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Alton, Illinois has fallen from 10.8% to 5.7% in 2024. Over that period the rate peaked at 14.9% in 2015 and fell as low as 5.5% in 2023.
Conclusion
Considering all these factors, Alton, Illinois has an overall wealth index grade of D, making it somewhat worse than Illinois, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Alton, Illinois.
How Wealthy Is Alton, Illinois?
Alton 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 $56,750, about 32% lower than the Illinois average of $84,042.
Are incomes growing in Alton, Illinois?
Between 2009 and 2024, the median household income in Alton, Illinois rose 50%, from $37,883 to $56,750. Over the same years, income here lagged behind Illinois as a whole: +50% against +52%.
What was the median household income in Alton in 2023?
In 2023, the median household income in Alton, Illinois was $55,457, up 7% from $51,595 in 2022. The Illinois median that year was $82,182.
What was the median household income in Alton in 2020?
In 2020, the median household income in Alton, Illinois was $44,622. By 2024 it had risen 27% to $56,750.
What is the Gini coefficient in Alton, Illinois?
The Gini coefficient in Alton is 0.518. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Alton, Illinois?
Since 2009, the income gap between men and women in Alton, Illinois has narrowed from about 20% to 17% in 2024. Over that period the gap was widest at 29% in 2019, and was narrowest at 17% in 2022. In dollar terms, the gap has widened by $694 since 2009.
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