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 | Glendale Heights | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,202 | $82,179 | $78,145 |
| Median Personal Income | $56,328 | $65,365 | $61,726 |
| Average income growth | 5.6% | 4.8% | 5.1% |
| Six-Figure Earners | 9.4% | 14.4% | 13.2% |
The median household income in Glendale Heights is about 12% higher than in Illinois. Income has been growing faster in Glendale Heights (5.6%/yr) than in Illinois (4.8%/yr).
About 9% of adults in Glendale Heights 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 Glendale Heights, Illinois grew by 37.8% from 2009 to 2023, reaching $92,202 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Glendale Heights | Gender Pay Gap | Gini Coefficient
| Metric | Glendale Heights | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.567 | 0.570 |
| Male Median Income | $60,550 | $72,139 | $67,746 |
| Female Median Income | $49,985 | $58,023 | $54,793 |
| Gender Pay Gap | 17.4% | 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 Glendale Heights, it is 0.529, 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 21% more than women's income in Glendale Heights, Illinois. Over a 35-year career, a 21% wage gap accumulates to roughly $369,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glendale Heights, Illinois has narrowed from about 20% to 17% in 2023. In dollar terms, the gap has widened by $823 since 2009.
Employment
| Metric | Glendale Heights | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.8% | 5.2% |
| Working from Home | 10.2% | 14.0% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 680 people are unemployed in Glendale Heights, Illinois.
The average commute time in Glendale Heights is 22 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glendale Heights, Illinois has fallen from 9.9% to 5.1% in 2023.
Conclusion
Considering all these factors, Glendale Heights, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Glendale Heights, IL Wealth Compared With Nearby Cities
Glendale Heights, IL is the 4th largest of the 5 cities compared here, 23,187 residents against a local median of 31,936. Where Glendale Heights, IL breaks from the cities next to it is median household income, sitting 18% below the local median of $111,846 at $92,202. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 5.1% against a local median of 4.4%, 16% above it. Every measure here with a clear better direction points the same way, and it is the wrong way: Glendale Heights, IL reads weaker than its neighbours on all of them. The cities themselves spread $27,237 on median household income, so Glendale Heights, IL sits at one end of an already wide local range rather than apart from it. Glendale Heights, IL has the 5th highest median household income of the 5 areas compared here.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Glendale Heights, IL | 23,187 | $92,202 #5/5 | 5.1% #5/5 | 0.5 #1/5 |
| Bloomingdale, IL | 22,627 | $95,918 | 4.7% | 0.5 |
| Carol Stream, IL | 36,866 | $105,878 | 4.2% | 0.5 |
| Glen Ellyn, IL | 27,007 | $123,155 | 4.9% | 0.6 |
| Wheaton, IL | 45,588 | $117,814 | 3.6% | 0.6 |
Frequently Asked Questions
Common questions about income and wealth in Glendale Heights, Illinois.
How Rich Is Glendale Heights, Illinois?
Glendale Heights 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 $92,202, about 12% higher than the Illinois average of $82,179.
What is the current median household income in Glendale Heights, Illinois?
As of 2023, the median household income in Glendale Heights, Illinois is $92,202.
What was the median household income in Glendale Heights in 2023?
In 2023, the median household income in Glendale Heights, Illinois was $92,202.
What was the median household income in Glendale Heights in 2020?
In 2020, the median household income in Glendale Heights, Illinois was $77,905.
What is the Gini coefficient in Glendale Heights, Illinois?
The Gini coefficient in Glendale Heights is 0.529. 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 Glendale Heights, Illinois?
Since 2009, the income gap between men and women in Glendale Heights, Illinois has narrowed from about 20% to 17% in 2023. In dollar terms, the gap has widened by $823 since 2009.