Elk Grove Village, Illinois Income Statistics
Updated
Elk Grove Village 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.
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B
Elk Grove Village Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elk Grove Village | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,860 | $84,042 | $80,455 |
| Median Personal Income | $65,627 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.5% | 4.8% |
| Six-Figure Earners | 16.7% | 15.0% | 13.9% |
| $200k+ Households | 12.8% | 13.8% | 13.2% |
The median household income in Elk Grove Village is about 10% higher than in Illinois. Income has been growing slower in Elk Grove Village (3.8%/yr) than in Illinois (4.5%/yr).
About 17% of adults in Elk Grove Village 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 Elk Grove Village, Illinois grew by 34.8% from 2009 to 2024, reaching $92,860 in 2024. That's an average of about 3.8% per year.
Elk Grove Village has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. The gap has narrowed from 35% in 2009 to 15% in 2024, the closest it has been.
Income Distribution in Elk Grove Village
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 4,924 households (45.8% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 16.3% of households in Elk Grove Village had an income under $35,000 and 23.6% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Elk Grove Village has a larger share of households earning $100,000 to $149,999 (22.2% vs 17.4%) and a smaller share earning $25,000 to $34,999 (4.2% vs 6.7%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 442 | 4.1% | 5.1% |
| $10,000 to $14,999 | 133 | 1.2% | 3.5% |
| $15,000 to $24,999 | 725 | 6.7% | 6.4% |
| $25,000 to $34,999 | 453 | 4.2% | 6.7% |
| $35,000 to $49,999 | 1,007 | 9.4% | 10.1% |
| $50,000 to $74,999 | 1,488 | 13.8% | 15.5% |
| $75,000 to $99,999 | 1,579 | 14.7% | 12.6% |
| $100,000 to $149,999 | 2,386 | 22.2% | 17.4% |
| $150,000 to $199,999 | 1,165 | 10.8% | 9.5% |
| $200,000 or more | 1,373 | 12.8% | 13.2% |
Shares are of all 10,750 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 3,720 residents (16.7% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 19.1% of residents who have any income.
In 2024, 12.6% of Elk Grove Village residents aged 15 and over reported no personal income, 24.3% had some income but less than $25,000, and 25.6% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Elk Grove Village has a larger share of residents earning $100,000 or more (16.7% vs 13.9%) and a smaller share earning $10,000 to $14,999 (4.4% vs 7.0%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,822 | 12.6% | 12.8% |
| $1 to $9,999 | 2,072 | 9.3% | 11.2% |
| $10,000 to $14,999 | 980 | 4.4% | 7.0% |
| $15,000 to $24,999 | 2,383 | 10.7% | 10.5% |
| $25,000 to $34,999 | 2,027 | 9.1% | 9.5% |
| $35,000 to $49,999 | 2,766 | 12.4% | 12.6% |
| $50,000 to $74,999 | 3,553 | 15.9% | 14.3% |
| $75,000 to $99,999 | 2,002 | 9.0% | 8.2% |
| $100,000 or more | 3,720 | 16.7% | 13.9% |
Shares are of the 22,325 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 12.6% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Elk Grove Village
| Metric | Elk Grove Village | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.547 | 0.552 |
| Male Median Income | $73,349 | $73,933 | $69,667 |
| Female Median Income | $56,741 | $60,067 | $56,850 |
| Gender Pay Gap | 22.6% | 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 Elk Grove Village, 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 29% more than women's income in Elk Grove Village, Illinois. Over a 35-year career, a 29% wage gap accumulates to roughly $581,280 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elk Grove Village, Illinois has widened from about 18% to 23% in 2024. Over that period the gap was widest at 27% in 2021, and was narrowest at 18% in 2015. In dollar terms, the gap has widened by $7,349 since 2009.
Sharply against the trend: the pay gap in Elk Grove Village widened by 4.8 points while Illinois's narrowed by 6.5 points.
Employment
| Metric | Elk Grove Village | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.8% | 5.2% |
| Working from Home | 14.2% | 15.9% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 601 people are unemployed in Elk Grove Village, Illinois.
The average commute time in Elk Grove Village is 22 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elk Grove Village, Illinois has fallen from 5.9% to 4.1% in 2024. Over that period the rate peaked at 7.6% in 2013 and fell as low as 3.3% in 2019.
Elk Grove Village has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2017, at 0.8 points lower. The gap has narrowed from 2.8 points in 2011 to 1.2 points in 2024.
Elk Grove Village, IL Wealth Compared With Nearby Cities
How Elk Grove Village, 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. |
|---|---|---|---|---|---|
| Elk Grove Village, IL | 27,591 | $92,860 #2/3 | 3.8%/yr #3/3 | 4.1% #1/3 | 0.531 #2/3 |
| Rolling Meadows, IL | 24,014 | $95,351 | 3.9%/yr | 5.1% | 0.526 |
| Addison, IL | 33,056 | $86,871 | 5.6%/yr | 6.3% | 0.531 |
Conclusion
Considering all these factors, Elk Grove Village, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Elk Grove Village, Illinois.
How Wealthy Is Elk Grove Village, Illinois?
Elk Grove Village 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 $92,860, about 10% higher than the Illinois average of $84,042.
Are incomes growing in Elk Grove Village, Illinois?
Between 2009 and 2024, the median household income in Elk Grove Village, Illinois rose 35%, from $68,869 to $92,860. Over the same years, income here lagged behind Illinois as a whole: +35% against +52%.
What was the median household income in Elk Grove Village in 2023?
In 2023, the median household income in Elk Grove Village, Illinois was $94,165, up 3% from $91,061 in 2022. The Illinois median that year was $82,182.
What was the median household income in Elk Grove Village in 2020?
In 2020, the median household income in Elk Grove Village, Illinois was $82,422. By 2024 it had risen 13% to $92,860.
Is it hard to find a job in Elk Grove Village, Illinois?
Unemployment in Elk Grove Village, 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 Elk Grove Village, Illinois?
The Gini coefficient in Elk Grove Village 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 Elk Grove Village, Illinois?
Since 2009, the income gap between men and women in Elk Grove Village, Illinois has widened from about 18% to 23% in 2024. Over that period the gap was widest at 27% in 2021, and was narrowest at 18% in 2015. In dollar terms, the gap has widened by $7,349 since 2009.
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