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 | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $149,930 | $82,179 | $78,145 |
| Median Personal Income | $110,590 | $65,365 | $61,726 |
| Average income growth | 5.4% | 4.8% | 5.1% |
| Six-Figure Earners | 31.5% | 14.4% | 13.2% |
The median household income in Elmhurst is about 82% higher than in Illinois. Income has been growing faster in Elmhurst (5.4%/yr) than in Illinois (4.8%/yr).
About 32% of adults in Elmhurst 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 Elmhurst, Illinois grew by 70.7% from 2009 to 2023, reaching $149,930 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Elmhurst | Gender Pay Gap | Gini Coefficient
| Metric | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.567 | 0.570 |
| Male Median Income | $120,980 | $72,139 | $67,746 |
| Female Median Income | $93,265 | $58,023 | $54,793 |
| Gender Pay Gap | 22.9% | 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 Elmhurst, it is 0.557, 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 30% more than women's income in Elmhurst, Illinois. Over a 35-year career, a 30% wage gap accumulates to roughly $970,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elmhurst, Illinois has narrowed from about 38% to 23% in 2023. In dollar terms, the gap has narrowed by $2,806 since 2009.
Employment
| Metric | Elmhurst | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.8% | 5.2% |
| Working from Home | 22.8% | 14.0% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 1,039 people are unemployed in Elmhurst, Illinois.
The average commute time in Elmhurst is 25 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elmhurst, Illinois has fallen from 6.0% to 4.6% in 2023.
Conclusion
Considering all these factors, Elmhurst, Illinois has an overall wealth index grade of A+, making it notably better than Illinois, and far better than the country as a whole.
Elmhurst, IL Wealth Compared With Nearby Cities
How Elmhurst, IL compares with the 1 cities closest to it.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Elmhurst, IL | 43,739 | $149,930 #1/2 | 4.6% #2/2 | 0.6 #2/2 |
| Villa Park, IL | 20,741 | $97,636 | 3.7% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Elmhurst, Illinois.
How Wealthy Is Elmhurst, Illinois?
Elmhurst 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 it is one of the most prosperous areas in the country. The median household income is $149,930, about 82% higher than the Illinois average of $82,179.
What is the current median household income in Elmhurst, Illinois?
As of 2023, the median household income in Elmhurst, Illinois is $149,930.
What was the median household income in Elmhurst in 2023?
In 2023, the median household income in Elmhurst, Illinois was $149,930.
What was the median household income in Elmhurst in 2020?
In 2020, the median household income in Elmhurst, Illinois was $127,295.
What is the Gini coefficient in Elmhurst, Illinois?
The Gini coefficient in Elmhurst is 0.557. 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 Elmhurst, Illinois?
Since 2009, the income gap between men and women in Elmhurst, Illinois has narrowed from about 38% to 23% in 2023. In dollar terms, the gap has narrowed by $2,806 since 2009.