Buffalo Grove, Illinois Income Statistics
Updated
Buffalo Grove 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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A+
Buffalo Grove Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Buffalo Grove | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $132,647 | $84,042 | $80,455 |
| Median Personal Income | $97,177 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.4% | 4.5% | 4.8% |
| Six-Figure Earners | 28.7% | 15.0% | 13.9% |
| $200k+ Households | 28.6% | 13.8% | 13.2% |
The median household income in Buffalo Grove is about 58% higher than in Illinois. Income has been growing slower in Buffalo Grove (3.4%/yr) than in Illinois (4.5%/yr).
About 29% of adults in Buffalo Grove earn six figures ($100,000 or more) a year, higher than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Buffalo Grove, Illinois grew by 50.7% from 2009 to 2024, reaching $132,647 in 2024. That's an average of about 3.4% per year.
Buffalo Grove has been far above the U.S. median household income in every year from 2009 to 2024. The gap has narrowed from 72% in 2009 to 65% in 2024, the closest it has been.
Income Distribution in Buffalo Grove
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 8,631 households (64.1% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 11.5% of households in Buffalo Grove had an income under $35,000 and 42.2% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Buffalo Grove has a larger share of households earning $200,000 or more (28.6% vs 13.2%) and a smaller share earning $35,000 to $49,999 (4.5% vs 10.1%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 394 | 2.9% | 5.1% |
| $10,000 to $14,999 | 192 | 1.4% | 3.5% |
| $15,000 to $24,999 | 475 | 3.5% | 6.4% |
| $25,000 to $34,999 | 489 | 3.6% | 6.7% |
| $35,000 to $49,999 | 603 | 4.5% | 10.1% |
| $50,000 to $74,999 | 1,483 | 11.0% | 15.5% |
| $75,000 to $99,999 | 1,192 | 8.9% | 12.6% |
| $100,000 to $149,999 | 2,956 | 22.0% | 17.4% |
| $150,000 to $199,999 | 1,831 | 13.6% | 9.5% |
| $200,000 or more | 3,843 | 28.6% | 13.2% |
Shares are of all 13,459 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 8,376 residents (28.7% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 32.8% of residents who have any income.
In 2024, 12.3% of Buffalo Grove residents aged 15 and over reported no personal income, 22.1% had some income but less than $25,000, and 38.9% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Buffalo Grove has a larger share of residents earning $100,000 or more (28.7% vs 13.9%) and a smaller share earning $25,000 to $34,999 (5.6% vs 9.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,596 | 12.3% | 12.8% |
| $1 to $9,999 | 3,002 | 10.3% | 11.2% |
| $10,000 to $14,999 | 1,062 | 3.6% | 7.0% |
| $15,000 to $24,999 | 2,370 | 8.1% | 10.5% |
| $25,000 to $34,999 | 1,628 | 5.6% | 9.5% |
| $35,000 to $49,999 | 2,543 | 8.7% | 12.6% |
| $50,000 to $74,999 | 3,623 | 12.4% | 14.3% |
| $75,000 to $99,999 | 2,954 | 10.1% | 8.2% |
| $100,000 or more | 8,376 | 28.7% | 13.9% |
Shares are of the 29,154 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 12.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Buffalo Grove
| Metric | Buffalo Grove | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.547 | 0.552 |
| Male Median Income | $111,305 | $73,933 | $69,667 |
| Female Median Income | $86,588 | $60,067 | $56,850 |
| Gender Pay Gap | 22.2% | 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 Buffalo Grove, it is 0.522, 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 29% more than women's income in Buffalo Grove, Illinois. Over a 35-year career, a 29% wage gap accumulates to roughly $865,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Buffalo Grove, Illinois has narrowed from about 30% to 22% in 2024. Over that period the gap was narrowest at 21% in 2023. In dollar terms, the gap has widened by $1,974 since 2009.
Employment
| Metric | Buffalo Grove | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 5.8% | 5.2% |
| Working from Home | 30.8% | 15.9% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 508 people are unemployed in Buffalo Grove, Illinois.
The average commute time in Buffalo Grove is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Buffalo Grove, Illinois has fallen from 6.0% to 2.6% in 2024. Over that period the rate peaked at 6.9% in 2014 and fell as low as 2.1% in 2023.
Buffalo Grove has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2019, at 1.2 points lower. The gap has held fairly steady over the period.
Buffalo Grove, IL Wealth Compared With Nearby Cities
How Buffalo Grove, IL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Buffalo Grove, IL | 36,064 | $132,647 #2/3 | 3.4%/yr #2/3 | 2.6% #1/3 | 0.522 #3/3 |
| Wheeling, IL | 35,608 | $86,844 | 4.7%/yr | 4.5% | 0.522 |
| Vernon Hills, IL | 22,177 | $134,343 | 3.1%/yr | 3.6% | 0.507 |
Conclusion
Considering all these factors, Buffalo Grove, Illinois has an overall wealth index grade of A+, making it far better than Illinois, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Buffalo Grove, Illinois.
How Rich Is Buffalo Grove, Illinois?
Buffalo Grove has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $132,647, about 58% higher than the Illinois average of $84,042.
How has median household income changed in Buffalo Grove, Illinois?
Between 2009 and 2024, the median household income in Buffalo Grove, Illinois rose 51%, from $88,015 to $132,647. Over the same years, income here kept pace with Illinois as a whole: +51% against +52%.
What was the median household income in Buffalo Grove in 2023?
In 2023, the median household income in Buffalo Grove, Illinois was $132,074, up 2% from $129,517 in 2022. The Illinois median that year was $82,182.
What was the median household income in Buffalo Grove in 2020?
In 2020, the median household income in Buffalo Grove, Illinois was $116,976. By 2024 it had risen 13% to $132,647.
Do many residents of Buffalo Grove, Illinois earn over $100,000?
Yes. 29% of adults in Buffalo Grove, Illinois earn $100,000 or more a year (about 1 in 3), against 15% (about 1 in 7) in Illinois. 29% of households have a combined income of $200,000 or more, compared with 14% in Illinois.
Is unemployment high in Buffalo Grove, Illinois?
Unemployment in Buffalo Grove, Illinois is only 2.6%, well below the Illinois rate of 5.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Buffalo Grove, Illinois?
The Gini coefficient in Buffalo Grove is 0.522. 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 Buffalo Grove, Illinois?
Since 2009, the income gap between men and women in Buffalo Grove, Illinois has narrowed from about 30% to 22% in 2024. Over that period the gap was narrowest at 21% in 2023. In dollar terms, the gap has widened by $1,974 since 2009.
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