Elmwood Park, Illinois Income Statistics
Elmwood Park 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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C
Elmwood Park Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elmwood Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $90,261 | $84,042 | $80,455 |
| Median Personal Income | $58,359 | $64,565 | $60,758 |
| Average Yearly Income Growth | 6.6% | 4.5% | 4.8% |
| Six-Figure Earners | 12.8% | 15.0% | 13.9% |
| $200k+ Households | 9.7% | 13.8% | 13.2% |
The median household income in Elmwood Park is about 7% higher than in Illinois. Income has been growing faster in Elmwood Park (6.6%/yr) than in Illinois (4.5%/yr).
About 13% of adults in Elmwood Park earn six figures ($100,000 or more) a year, lower than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Elmwood Park, Illinois grew by 69.6% from 2009 to 2024, reaching $90,261 in 2024. That's an average of about 6.6% per year.
Elmwood Park has been above the U.S. median household income in most years since 2009, but dipped below it in 2016-2020 (as much as 4.3% lower). In 2024 its income was 12% higher.
Income Distribution in Elmwood Park
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 4,230 households (45.6% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 16.5% of households in Elmwood Park had an income under $35,000 and 25.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Elmwood Park has a larger share of households earning $150,000 to $199,999 (15.2% vs 9.5%) and a smaller share earning $200,000 or more (9.7% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 440 | 4.7% | 5.1% |
| $10,000 to $14,999 | 341 | 3.7% | 3.5% |
| $15,000 to $24,999 | 375 | 4.0% | 6.4% |
| $25,000 to $34,999 | 378 | 4.1% | 6.7% |
| $35,000 to $49,999 | 1,176 | 12.7% | 10.1% |
| $50,000 to $74,999 | 1,286 | 13.9% | 15.5% |
| $75,000 to $99,999 | 1,059 | 11.4% | 12.6% |
| $100,000 to $149,999 | 1,912 | 20.6% | 17.4% |
| $150,000 to $199,999 | 1,413 | 15.2% | 9.5% |
| $200,000 or more | 905 | 9.7% | 13.2% |
Shares are of all 9,285 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 2,573 residents (12.8% 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 15.0% of residents who have any income.
In 2024, 14.3% of Elmwood Park residents aged 15 and over reported no personal income, 23.1% had some income but less than $25,000, and 22.8% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Elmwood Park has a larger share of residents earning $35,000 to $49,999 (15.9% vs 12.6%) and a smaller share earning $15,000 to $24,999 (7.3% vs 10.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,862 | 14.3% | 12.8% |
| $1 to $9,999 | 2,137 | 10.7% | 11.2% |
| $10,000 to $14,999 | 1,023 | 5.1% | 7.0% |
| $15,000 to $24,999 | 1,470 | 7.3% | 10.5% |
| $25,000 to $34,999 | 1,641 | 8.2% | 9.5% |
| $35,000 to $49,999 | 3,193 | 15.9% | 12.6% |
| $50,000 to $74,999 | 3,155 | 15.7% | 14.3% |
| $75,000 to $99,999 | 2,001 | 10.0% | 8.2% |
| $100,000 or more | 2,573 | 12.8% | 13.9% |
Shares are of the 20,055 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 14.3% 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 Elmwood Park
| Metric | Elmwood Park | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.547 | 0.552 |
| Male Median Income | $65,401 | $73,933 | $69,667 |
| Female Median Income | $60,281 | $60,067 | $56,850 |
| Gender Pay Gap | 7.8% | 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 Elmwood Park, 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 8% more than women's income in Elmwood Park, Illinois. Over a 35-year career, a 8% wage gap accumulates to roughly $179,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elmwood Park, Illinois has narrowed from about 17% to 8% in 2024. Over that period the gap was widest at 26% in 2019, and was narrowest at 8% in 2023. In dollar terms, the gap has narrowed by $2,513 since 2009.
Employment
| Metric | Elmwood Park | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 5.8% | 5.2% |
| Working from Home | 13.7% | 15.9% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 751 people are unemployed in Elmwood Park, Illinois.
The average commute time in Elmwood Park is 31 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elmwood Park, Illinois has fallen from 10.2% to 5.9% in 2024. Over that period the rate peaked at 11.2% in 2013 and fell as low as 4.4% in 2020.
Elmwood Park has been above the U.S. unemployment rate in most years since 2011, but dipped below it in 2019-2020 (as much as 1.0 point lower). In 2024 its rate was 0.7 points higher.
Elmwood Park, IL Wealth Compared With Nearby Cities
How Elmwood Park, IL compares with the 1 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. |
|---|---|---|---|---|---|
| Elmwood Park, IL | 23,868 | $90,261 #2/2 | 6.6%/yr #1/2 | 5.9% #2/2 | 0.531 #2/2 |
| Oak Park, IL | 53,290 | $109,851 | 3.4%/yr | 5.6% | 0.490 |
Conclusion
Considering all these factors, Elmwood Park, Illinois has an overall wealth index grade of C, making it about on par with Illinois, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Elmwood Park, Illinois.
How Wealthy Is Elmwood Park, Illinois?
Elmwood Park has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $90,261, about 7% higher than the Illinois average of $84,042.
How has median household income changed in Elmwood Park, Illinois?
Between 2009 and 2024, the median household income in Elmwood Park, Illinois rose 70%, from $53,213 to $90,261. Over the same years, income here outpaced Illinois as a whole: +70% against +52%.
What was the median household income in Elmwood Park in 2023?
In 2023, the median household income in Elmwood Park, Illinois was $83,200, up 10% from $75,687 in 2022. The Illinois median that year was $82,182.
What was the median household income in Elmwood Park in 2020?
In 2020, the median household income in Elmwood Park, Illinois was $62,043. By 2024 it had risen 45% to $90,261.
What is the Gini coefficient in Elmwood Park, Illinois?
The Gini coefficient in Elmwood Park 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 Elmwood Park, Illinois?
Since 2009, the income gap between men and women in Elmwood Park, Illinois has narrowed from about 17% to 8% in 2024. Over that period the gap was widest at 26% in 2019, and was narrowest at 8% in 2023. In dollar terms, the gap has narrowed by $2,513 since 2009.
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