Wealth Index
Wealthier than 83% 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 | Effingham County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,377 | $82,179 | $78,145 |
| Median Personal Income | $53,892 | $65,365 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 9.9% | 14.4% | 13.2% |
The median household income in Effingham County is about 8% lower than in Illinois. Income has been growing faster in Effingham County (5.3%/yr) than in Illinois (4.8%/yr).
About 10% of adults in Effingham 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 Effingham County, Illinois grew by 61.8% from 2009 to 2023, reaching $75,377 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Effingham County | Gender Pay Gap | Gini Coefficient
| Metric | Effingham County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.567 | 0.570 |
| Male Median Income | $58,729 | $72,139 | $67,746 |
| Female Median Income | $49,636 | $58,023 | $54,793 |
| Gender Pay Gap | 15.5% | 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 Effingham County, it is 0.507, 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 18% more than women's income in Effingham County, Illinois. Over a 35-year career, a 18% wage gap accumulates to roughly $318,255 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Effingham County, Illinois has narrowed from about 37% to 15% in 2023. In dollar terms, the gap has narrowed by $6,805 since 2009.
Employment
| Metric | Effingham County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 5.8% | 5.2% |
| Working from Home | 10.9% | 14.0% | 13.4% |
| Commute time (minutes) | 13 | 23 | 22 |
Approximately 388 people are unemployed in Effingham County, Illinois.
The average commute time in Effingham County is 13 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Effingham County, Illinois has fallen from 5.3% to 2.2% in 2023.
Conclusion
Considering all these factors, Effingham 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 Effingham County, Illinois.
How Wealthy Is Effingham County, Illinois?
Effingham 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 $75,377, about 8% lower than the Illinois average of $82,179.
What is the current median household income in Effingham County, Illinois?
As of 2023, the median household income in Effingham County, Illinois is $75,377.
What was the median household income in Effingham County in 2023?
In 2023, the median household income in Effingham County, Illinois was $75,377.
What was the median household income in Effingham County in 2020?
In 2020, the median household income in Effingham County, Illinois was $59,935.
What is the Gini coefficient in Effingham County, Illinois?
The Gini coefficient in Effingham County is 0.507. 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 Effingham County, Illinois?
Since 2009, the income gap between men and women in Effingham County, Illinois has narrowed from about 37% to 15% in 2023. In dollar terms, the gap has narrowed by $6,805 since 2009.