Wealth Index
Wealthier than 70% of counties in Illinois
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 | Bureau County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,014 | $82,179 | $78,145 |
| Median Personal Income | $55,326 | $65,365 | $61,726 |
| Average income growth | 3.6% | 4.8% | 5.1% |
| Six-Figure Earners | 8.1% | 14.4% | 13.2% |
The median household income in Bureau County is about 20% lower than in Illinois. Income has been growing slower in Bureau County (3.6%/yr) than in Illinois (4.8%/yr).
About 8% of adults in Bureau County 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 Bureau County, Illinois grew by 45.4% from 2009 to 2023, reaching $66,014 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Bureau County | Gender Pay Gap | Gini Coefficient
| Metric | Bureau County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.567 | 0.570 |
| Male Median Income | $64,618 | $72,139 | $67,746 |
| Female Median Income | $43,408 | $58,023 | $54,793 |
| Gender Pay Gap | 32.8% | 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 Bureau County, it is 0.515, 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 49% more than women's income in Bureau County, Illinois. Over a 35-year career, a 49% wage gap accumulates to roughly $742,350 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bureau County, Illinois has widened from about 32% to 33% in 2023. In dollar terms, the gap has widened by $7,247 since 2009.
Employment
| Metric | Bureau County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.8% | 5.2% |
| Working from Home | 4.4% | 14.0% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 836 people are unemployed in Bureau County, Illinois.
The average commute time in Bureau County is 17 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bureau County, Illinois has fallen from 7.5% to 5.0% in 2023.
Conclusion
Considering all these factors, Bureau County, 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.
Frequently Asked Questions
Common questions about income and wealth in Bureau County, Illinois.
How Rich Is Bureau County, Illinois?
Bureau County 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 $66,014, about 20% lower than the Illinois average of $82,179.
What is the current median household income in Bureau County, Illinois?
As of 2023, the median household income in Bureau County, Illinois is $66,014.
What was the median household income in Bureau County in 2023?
In 2023, the median household income in Bureau County, Illinois was $66,014.
What was the median household income in Bureau County in 2020?
In 2020, the median household income in Bureau County, Illinois was $56,296.
What is the Gini coefficient in Bureau County, Illinois?
The Gini coefficient in Bureau County is 0.515. 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 Bureau County, Illinois?
Since 2009, the income gap between men and women in Bureau County, Illinois has widened from about 32% to 33% in 2023. In dollar terms, the gap has widened by $7,247 since 2009.