Crystal Lake, Illinois Income Statistics
Crystal Lake 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.
-
A
Crystal Lake Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $106,177 | $84,042 | $80,455 |
| Median Personal Income | $66,351 | $64,565 | $60,758 |
| Average Yearly Income Growth | 2.8% | 4.5% | 4.8% |
| Six-Figure Earners | 17.8% | 15.0% | 13.9% |
| $200k+ Households | 14.9% | 13.8% | 13.2% |
The median household income in Crystal Lake is about 26% higher than in Illinois. Income has been growing slower in Crystal Lake (2.8%/yr) than in Illinois (4.5%/yr).
About 18% of adults in Crystal Lake 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 Crystal Lake, Illinois grew by 42.4% from 2009 to 2024, reaching $106,177 in 2024. That's an average of about 2.8% per year.
Income Inequality and the Gender Pay Gap in Crystal Lake
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.547 | 0.552 |
| Male Median Income | $81,635 | $73,933 | $69,667 |
| Female Median Income | $59,538 | $60,067 | $56,850 |
| Gender Pay Gap | 27.1% | 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 Crystal Lake, it is 0.531, 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 37% more than women's income in Crystal Lake, Illinois. Over a 35-year career, a 37% wage gap accumulates to roughly $773,395 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crystal Lake, Illinois has narrowed from about 28% to 27% in 2024. Over that period the gap was widest at 30% in 2010, and was narrowest at 26% in 2022. In dollar terms, the gap has widened by $4,976 since 2009.
Employment
| Metric | Crystal Lake | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.8% | 5.2% |
| Working from Home | 16.0% | 15.9% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 875 people are unemployed in Crystal Lake, Illinois.
The average commute time in Crystal Lake is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Crystal Lake, Illinois has fallen from 8.3% to 4.1% in 2024. Over that period the rate peaked at 8.7% in 2013 and fell as low as 3.8% in 2018.
Crystal Lake, IL Wealth Compared With Nearby Cities
How Crystal Lake, 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. |
|---|---|---|---|---|---|
| Crystal Lake, IL | 37,884 | $106,177 #3/3 | 2.8%/yr #3/3 | 4.1% #1/3 | 0.531 #2/3 |
| Lake in the Hills, IL | 25,084 | $111,348 | 3.2%/yr | 5.9% | 0.535 |
| Algonquin, IL | 28,443 | $127,830 | 3.6%/yr | 5.3% | 0.506 |
Conclusion
Considering all these factors, Crystal Lake, Illinois has an overall wealth index grade of A, making it somewhat better than Illinois, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Crystal Lake, Illinois.
How Rich Is Crystal Lake, Illinois?
Crystal Lake 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 residents are much better off than the U.S. average. The median household income is $106,177, about 26% higher than the Illinois average of $84,042.
How fast is household income rising in Crystal Lake, Illinois?
Between 2009 and 2024, the median household income in Crystal Lake, Illinois rose 42%, from $74,565 to $106,177. Over the same years, income here lagged behind Illinois as a whole: +42% against +52%.
What was the median household income in Crystal Lake in 2023?
In 2023, the median household income in Crystal Lake, Illinois was $103,018, up 2% from $101,040 in 2022. The Illinois median that year was $82,182.
What was the median household income in Crystal Lake in 2020?
In 2020, the median household income in Crystal Lake, Illinois was $90,743. By 2024 it had risen 17% to $106,177.
Is unemployment high in Crystal Lake, Illinois?
Unemployment in Crystal Lake, Illinois is only 4.1%, 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 Crystal Lake, Illinois?
The Gini coefficient in Crystal Lake is 0.531. 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 Crystal Lake, Illinois?
Since 2009, the income gap between men and women in Crystal Lake, Illinois has narrowed from about 28% to 27% in 2024. Over that period the gap was widest at 30% in 2010, and was narrowest at 26% in 2022. In dollar terms, the gap has widened by $4,976 since 2009.
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