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 | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,252 | $82,179 | $78,145 |
| Median Personal Income | $64,613 | $65,365 | $61,726 |
| Average income growth | 4.1% | 4.8% | 5.1% |
| Six-Figure Earners | 14.3% | 14.4% | 13.2% |
The median household income in Bolingbrook is about 31% higher than in Illinois. Income has been growing slower in Bolingbrook (4.1%/yr) than in Illinois (4.8%/yr).
About 14% of adults in Bolingbrook earn six figures ($100,000 or more) a year, about the same as the Illinois average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bolingbrook, Illinois grew by 33.8% from 2009 to 2023, reaching $107,252 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Bolingbrook | Gender Pay Gap | Gini Coefficient
| Metric | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.567 | 0.570 |
| Male Median Income | $70,129 | $72,139 | $67,746 |
| Female Median Income | $58,223 | $58,023 | $54,793 |
| Gender Pay Gap | 17.0% | 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 Bolingbrook, it is 0.553, lower than Illinois's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Bolingbrook, Illinois. Over a 35-year career, a 20% wage gap accumulates to roughly $416,710 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bolingbrook, Illinois has narrowed from about 29% to 17% in 2023. In dollar terms, the gap has narrowed by $3,998 since 2009.
Employment
| Metric | Bolingbrook | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.8% | 5.2% |
| Working from Home | 15.4% | 14.0% | 13.4% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 2,086 people are unemployed in Bolingbrook, Illinois.
The average commute time in Bolingbrook is 26 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bolingbrook, Illinois has fallen from 9.0% to 4.9% in 2023.
Conclusion
Considering all these factors, Bolingbrook, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Bolingbrook, IL Wealth Compared With Nearby Cities
Bolingbrook, IL is the 2nd largest of the 5 cities compared here, 75,045 residents against a local median of 34,399. Bolingbrook, IL sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is median household income, 6% above the local median at $107,252 against $100,732. Bolingbrook, IL has the 2nd highest median household income of the 5 areas compared here.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Bolingbrook, IL | 75,045 | $107,252 #2/5 | 4.9% #4/5 | 0.6 #4/5 |
| Romeoville, IL | 37,292 | $97,441 | 4.7% | 0.6 |
| Woodridge, IL | 31,506 | $99,748 | 4.6% | 0.5 |
| Naperville, IL | 127,521 | $147,990 | 4.0% | 0.6 |
| Lisle, IL | 21,854 | $101,715 | 5.0% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Bolingbrook, Illinois.
How Rich Is Bolingbrook, Illinois?
Bolingbrook 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 $107,252, about 31% higher than the Illinois average of $82,179.
What is the current median household income in Bolingbrook, Illinois?
As of 2023, the median household income in Bolingbrook, Illinois is $107,252.
What was the median household income in Bolingbrook in 2023?
In 2023, the median household income in Bolingbrook, Illinois was $107,252.
What was the median household income in Bolingbrook in 2020?
In 2020, the median household income in Bolingbrook, Illinois was $92,223.
What is the Gini coefficient in Bolingbrook, Illinois?
The Gini coefficient in Bolingbrook is 0.553. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bolingbrook, Illinois?
Since 2009, the income gap between men and women in Bolingbrook, Illinois has narrowed from about 29% to 17% in 2023. In dollar terms, the gap has narrowed by $3,998 since 2009.