Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Aurora | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $90,419 | $82,179 | $78,145 |
| Median Personal Income | $57,323 | $65,365 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 12.8% | 14.4% | 13.2% |
The median household income in Aurora is about 10% higher than in Illinois. Income has been growing faster in Aurora (5.3%/yr) than in Illinois (4.8%/yr).
About 13% of adults in Aurora earn six figures ($100,000 or more) a year, lower than the Illinois average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Aurora, Illinois grew by 56.9% from 2009 to 2023, reaching $90,419 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Aurora | Gender Pay Gap | Gini Coefficient
| Metric | Aurora | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.567 | 0.570 |
| Male Median Income | $63,160 | $72,139 | $67,746 |
| Female Median Income | $50,909 | $58,023 | $54,793 |
| Gender Pay Gap | 19.4% | 19.6% | 19.1% |
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 Aurora, it is 0.569, about the same as Illinois's 0.567, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 24% more than women's income in Aurora, Illinois. Over a 35-year career, a 24% wage gap accumulates to roughly $428,785 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Aurora, Illinois has stayed about the same since 2009, at around 19%. In dollar terms, the gap has widened by $3,541 since 2009.
Employment
| Metric | Aurora | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 5.8% | 5.2% |
| Working from Home | 13.6% | 14.0% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 5,597 people are unemployed in Aurora, Illinois.
The average commute time in Aurora is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Aurora, Illinois has fallen from 9.8% to 6.0% in 2023.
Conclusion
Considering all these factors, Aurora, Illinois has an overall wealth index grade of B, making it about on par with Illinois, and somewhat better than the country as a whole.
Aurora, IL Wealth Compared With Nearby Cities
Aurora, IL is the largest of the 4 cities compared here, 177,409 residents against a local median of 22,548. Where Aurora, IL breaks from the cities next to it is unemployment, sitting 65% above the local median of 3.6% at 6.0%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $90,419 against a local median of $108,709, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Aurora, IL reads weaker than its neighbours on all of them. The cities themselves spread 2.1% on unemployment, so Aurora, IL sits at one end of an already wide local range rather than apart from it. Aurora, IL has the 4th lowest unemployment of the 4 areas compared here.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Aurora, IL | 177,409 | $90,419 #4/4 | 6.0% #4/4 | 0.6 #4/4 |
| Montgomery, IL | 20,144 | $93,710 | 3.6% | 0.6 |
| Batavia, IL | 22,548 | $117,882 | 4.2% | 0.5 |
| Oswego, IL | 24,439 | $108,709 | 2.1% | 0.6 |
Frequently Asked Questions
Common questions about income and wealth in Aurora, Illinois.
How Wealthy Is Aurora, Illinois?
Aurora has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $90,419, about 10% higher than the Illinois average of $82,179.
What is the current median household income in Aurora, Illinois?
As of 2023, the median household income in Aurora, Illinois is $90,419.
What was the median household income in Aurora in 2023?
In 2023, the median household income in Aurora, Illinois was $90,419.
What was the median household income in Aurora in 2020?
In 2020, the median household income in Aurora, Illinois was $73,418.
What is the Gini coefficient in Aurora, Illinois?
The Gini coefficient in Aurora is 0.569. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Aurora, Illinois?
The income gap between men and women in Aurora, Illinois has stayed about the same since 2009, at around 19%. In dollar terms, the gap has widened by $3,541 since 2009.