Burbank, Illinois Income Statistics
Burbank 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.
-
C
Burbank Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Burbank | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,287 | $84,042 | $80,455 |
| Median Personal Income | $56,092 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 7.9% | 15.0% | 13.9% |
| $200k+ Households | 9.4% | 13.8% | 13.2% |
The median household income in Burbank is about 3% lower than in Illinois. Income has been growing slower in Burbank (4.4%/yr) than in Illinois (4.5%/yr).
About 8% of adults in Burbank 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 Burbank, Illinois grew by 39.7% from 2009 to 2024, reaching $81,287 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Burbank
| Metric | Burbank | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.547 | 0.552 |
| Male Median Income | $59,541 | $73,933 | $69,667 |
| Female Median Income | $55,261 | $60,067 | $56,850 |
| Gender Pay Gap | 7.2% | 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 Burbank, it is 0.558, higher than Illinois's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 8% more than women's income in Burbank, Illinois. Over a 35-year career, a 8% wage gap accumulates to roughly $149,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Burbank, Illinois has narrowed from about 30% to 7% in 2024. In dollar terms, the gap has narrowed by $9,496 since 2009.
Employment
| Metric | Burbank | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 5.8% | 5.2% |
| Working from Home | 6.6% | 15.9% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 850 people are unemployed in Burbank, Illinois.
The average commute time in Burbank is 30 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Burbank, Illinois has fallen from 10.9% to 7.4% in 2024. Over that period the rate peaked at 11.1% in 2013 and fell as low as 6.5% in 2019.
Burbank, IL Wealth Compared With Nearby Cities
How Burbank, IL compares with the 1 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. |
|---|---|---|---|---|---|
| Burbank, IL | 23,423 | $81,287 #2/2 | 4.4%/yr #2/2 | 7.4% #2/2 | 0.558 #2/2 |
| Oak Lawn, IL | 58,169 | $85,202 | 5.0%/yr | 5.3% | 0.536 |
Conclusion
Considering all these factors, Burbank, Illinois has an overall wealth index grade of C, making it about on par with Illinois, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Burbank, Illinois.
How Rich Is Burbank, Illinois?
Burbank has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $81,287, about 3% lower than the Illinois average of $84,042.
How has median household income changed in Burbank, Illinois?
Between 2009 and 2024, the median household income in Burbank, Illinois rose 40%, from $58,184 to $81,287. Over the same years, income here lagged behind Illinois as a whole: +40% against +52%.
What was the median household income in Burbank in 2023?
In 2023, the median household income in Burbank, Illinois was $82,670, up 4% from $79,285 in 2022. The Illinois median that year was $82,182.
What was the median household income in Burbank in 2020?
In 2020, the median household income in Burbank, Illinois was $67,152. By 2024 it had risen 21% to $81,287.
How strong is the job market in Burbank, Illinois?
Unemployment in Burbank, Illinois is 7.4%, well above the Illinois rate of 5.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Burbank, Illinois?
The Gini coefficient in Burbank is 0.558. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Burbank, Illinois?
Since 2009, the income gap between men and women in Burbank, Illinois has narrowed from about 30% to 7% in 2024. In dollar terms, the gap has narrowed by $9,496 since 2009.
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