Wealth Index
Less wealthy than 74% 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 | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,711 | $82,179 | $78,145 |
| Median Personal Income | $58,188 | $65,365 | $61,726 |
| Average income growth | 3.8% | 4.8% | 5.1% |
| Six-Figure Earners | 10.0% | 14.4% | 13.2% |
The median household income in Champaign County is about 22% lower than in Illinois. Income has been growing slower in Champaign County (3.8%/yr) than in Illinois (4.8%/yr).
About 10% of adults in Champaign 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 Champaign County, Illinois grew by 49.4% from 2009 to 2023, reaching $63,711 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Champaign County | Gender Pay Gap | Gini Coefficient
| Metric | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.601 | 0.567 | 0.570 |
| Male Median Income | $63,359 | $72,139 | $67,746 |
| Female Median Income | $52,713 | $58,023 | $54,793 |
| Gender Pay Gap | 16.8% | 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 Champaign County, it is 0.601, higher than Illinois's 0.567, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 20% more than women's income in Champaign County, Illinois. Over a 35-year career, a 20% wage gap accumulates to roughly $372,610 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Champaign County, Illinois has narrowed from about 26% to 17% in 2023. In dollar terms, the gap has narrowed by $1,763 since 2009.
Employment
| Metric | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.8% | 5.2% |
| Working from Home | 13.2% | 14.0% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 4,703 people are unemployed in Champaign County, Illinois.
The average commute time in Champaign County is 16 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Champaign County, Illinois has fallen from 7.4% to 4.5% in 2023.
Conclusion
Considering all these factors, Champaign County, Illinois has an overall wealth index grade of C, making it somewhat worse than Illinois, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Champaign County, Illinois.
How Rich Is Champaign County, Illinois?
Champaign County 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 $63,711, about 22% lower than the Illinois average of $82,179.
What is the current median household income in Champaign County, Illinois?
As of 2023, the median household income in Champaign County, Illinois is $63,711.
What was the median household income in Champaign County in 2023?
In 2023, the median household income in Champaign County, Illinois was $63,711.
What was the median household income in Champaign County in 2020?
In 2020, the median household income in Champaign County, Illinois was $53,923.
What is the Gini coefficient in Champaign County, Illinois?
The Gini coefficient in Champaign County is 0.601. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Champaign County, Illinois?
Since 2009, the income gap between men and women in Champaign County, Illinois has narrowed from about 26% to 17% in 2023. In dollar terms, the gap has narrowed by $1,763 since 2009.