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 | Downers Grove | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $112,966 | $82,179 | $78,145 |
| Median Personal Income | $92,837 | $65,365 | $61,726 |
| Average income growth | 4.4% | 4.8% | 5.1% |
| Six-Figure Earners | 26.3% | 14.4% | 13.2% |
The median household income in Downers Grove is about 37% higher than in Illinois. Income has been growing slower in Downers Grove (4.4%/yr) than in Illinois (4.8%/yr).
About 26% of adults in Downers Grove earn six figures ($100,000 or more) a year, higher than the Illinois average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Downers Grove, Illinois grew by 49.7% from 2009 to 2023, reaching $112,966 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Downers Grove | Gender Pay Gap | Gini Coefficient
| Metric | Downers Grove | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.544 | 0.567 | 0.570 |
| Male Median Income | $109,522 | $72,139 | $67,746 |
| Female Median Income | $76,291 | $58,023 | $54,793 |
| Gender Pay Gap | 30.3% | 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 Downers Grove, it is 0.544, 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 44% more than women's income in Downers Grove, Illinois. Over a 35-year career, a 44% wage gap accumulates to roughly $1,163,085 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Downers Grove, Illinois has widened from about 25% to 30% in 2023. In dollar terms, the gap has widened by $15,721 since 2009.
Employment
| Metric | Downers Grove | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.8% | 5.2% |
| Working from Home | 22.1% | 14.0% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,271 people are unemployed in Downers Grove, Illinois.
The average commute time in Downers Grove is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Downers Grove, Illinois has fallen from 6.7% to 4.5% in 2023.
Conclusion
Considering all these factors, Downers Grove, Illinois has an overall wealth index grade of A, making it notably better than Illinois, and notably better than the country as a whole.
Downers Grove, IL Wealth Compared With Nearby Cities
Downers Grove, IL is the largest of the 5 cities compared here, 50,363 residents against a local median of 22,507. There is no headline here. Every measure below sits within 15% of the median across the nearest cities, which makes Downers Grove, IL an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 11% above the local median at $112,966 against $101,812. Downers Grove, IL has the highest median household income of the 5 areas compared here.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Downers Grove, IL | 50,363 | $112,966 #1/5 | 4.5% #3/5 | 0.5 #3/5 |
| Westmont, IL | 23,160 | $101,909 | 3.5% | 0.6 |
| Darien, IL | 21,280 | $103,444 | 4.2% | 0.5 |
| Woodridge, IL | 31,506 | $99,748 | 4.6% | 0.5 |
| Lisle, IL | 21,854 | $101,715 | 5.0% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Downers Grove, Illinois.
How Rich Is Downers Grove, Illinois?
Downers Grove 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 $112,966, about 37% higher than the Illinois average of $82,179.
What is the current median household income in Downers Grove, Illinois?
As of 2023, the median household income in Downers Grove, Illinois is $112,966.
What was the median household income in Downers Grove in 2023?
In 2023, the median household income in Downers Grove, Illinois was $112,966.
What was the median household income in Downers Grove in 2020?
In 2020, the median household income in Downers Grove, Illinois was $93,875.
What is the Gini coefficient in Downers Grove, Illinois?
The Gini coefficient in Downers Grove is 0.544. 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 Downers Grove, Illinois?
Since 2009, the income gap between men and women in Downers Grove, Illinois has widened from about 25% to 30% in 2023. In dollar terms, the gap has widened by $15,721 since 2009.