Granite City, Illinois Income Statistics
Granite City 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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D
Granite City Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Granite City | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,261 | $84,042 | $80,455 |
| Median Personal Income | $51,436 | $64,565 | $60,758 |
| Average Yearly Income Growth | 2.9% | 4.5% | 4.8% |
| Six-Figure Earners | 5.7% | 15.0% | 13.9% |
| $200k+ Households | 3.2% | 13.8% | 13.2% |
The median household income in Granite City is about 31% lower than in Illinois. Income has been growing slower in Granite City (2.9%/yr) than in Illinois (4.5%/yr).
About 6% of adults in Granite City 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 Granite City, Illinois grew by 45.2% from 2009 to 2024, reaching $58,261 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Granite City
| Metric | Granite City | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.547 | 0.552 |
| Male Median Income | $58,229 | $73,933 | $69,667 |
| Female Median Income | $50,130 | $60,067 | $56,850 |
| Gender Pay Gap | 13.9% | 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 Granite City, it is 0.520, 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 16% more than women's income in Granite City, Illinois. Over a 35-year career, a 16% wage gap accumulates to roughly $283,465 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Granite City, Illinois has narrowed from about 25% to 14% in 2024. Over that period the gap was widest at 28% in 2010. In dollar terms, the gap has narrowed by $2,242 since 2009.
Employment
| Metric | Granite City | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 5.8% | 5.2% |
| Working from Home | 8.6% | 15.9% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 762 people are unemployed in Granite City, Illinois.
The average commute time in Granite City is 21 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Granite City, Illinois has fallen from 10.7% to 5.7% in 2024. Over that period the rate peaked at 12.1% in 2013.
Conclusion
Considering all these factors, Granite City, Illinois has an overall wealth index grade of D, making it somewhat worse than Illinois, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Granite City, Illinois.
How Rich Is Granite City, Illinois?
Granite City has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $58,261, about 31% lower than the Illinois average of $84,042.
How has median household income changed in Granite City, Illinois?
Between 2009 and 2024, the median household income in Granite City, Illinois rose 45%, from $40,118 to $58,261. Over the same years, income here lagged behind Illinois as a whole: +45% against +52%.
What was the median household income in Granite City in 2023?
In 2023, the median household income in Granite City, Illinois was $59,714, up 3% from $57,772 in 2022. The Illinois median that year was $82,182.
What was the median household income in Granite City in 2020?
In 2020, the median household income in Granite City, Illinois was $52,886. By 2024 it had risen 10% to $58,261.
What is the Gini coefficient in Granite City, Illinois?
The Gini coefficient in Granite City is 0.520. 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 Granite City, Illinois?
Since 2009, the income gap between men and women in Granite City, Illinois has narrowed from about 25% to 14% in 2024. Over that period the gap was widest at 28% in 2010. In dollar terms, the gap has narrowed by $2,242 since 2009.
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