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 | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,837 | $82,179 | $78,145 |
| Median Personal Income | $45,827 | $65,365 | $61,726 |
| Average income growth | 6.7% | 4.8% | 5.1% |
| Six-Figure Earners | 3.5% | 14.4% | 13.2% |
The median household income in Cicero is about 17% lower than in Illinois. Income has been growing faster in Cicero (6.7%/yr) than in Illinois (4.8%/yr).
About 3% of adults in Cicero 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 Cicero, Illinois grew by 56.3% from 2009 to 2023, reaching $67,837 in 2023. That's an average of about 6.7% per year.
Economic Inequality in Cicero | Gender Pay Gap | Gini Coefficient
| Metric | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.567 | 0.570 |
| Male Median Income | $48,984 | $72,139 | $67,746 |
| Female Median Income | $40,770 | $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 Cicero, it is 0.543, 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 Cicero, Illinois. Over a 35-year career, a 20% wage gap accumulates to roughly $287,490 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cicero, Illinois has narrowed from about 24% to 17% in 2023. In dollar terms, the gap has widened by $763 since 2009.
Employment
| Metric | Cicero | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.8% | 5.2% |
| Working from Home | 4.7% | 14.0% | 13.4% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 1,786 people are unemployed in Cicero, Illinois.
The average commute time in Cicero is 30 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cicero, Illinois has fallen from 12.5% to 4.3% in 2023.
Conclusion
Considering all these factors, Cicero, Illinois has an overall wealth index grade of D, making it somewhat worse than Illinois, and somewhat worse than the country as a whole.
Cicero, IL Wealth Compared With Nearby Cities
How Cicero, IL compares with the 2 cities closest to it.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Cicero, IL | 79,082 | $67,837 #3/3 | 4.3% #1/3 | 0.5 #3/3 |
| Berwyn, IL | 53,269 | $75,252 | 6.3% | 0.5 |
| Oak Park, IL | 51,035 | $109,439 | 5.5% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Cicero, Illinois.
How Rich Is Cicero, Illinois?
Cicero has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $67,837, about 17% lower than the Illinois average of $82,179.
What is the current median household income in Cicero, Illinois?
As of 2023, the median household income in Cicero, Illinois is $67,837.
What was the median household income in Cicero in 2023?
In 2023, the median household income in Cicero, Illinois was $67,837.
What was the median household income in Cicero in 2020?
In 2020, the median household income in Cicero, Illinois was $53,963.
What is the Gini coefficient in Cicero, Illinois?
The Gini coefficient in Cicero is 0.543. 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 Cicero, Illinois?
Since 2009, the income gap between men and women in Cicero, Illinois has narrowed from about 24% to 17% in 2023. In dollar terms, the gap has widened by $763 since 2009.