Hancock County, Illinois Income Statistics
Hancock County Wealth Score
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.
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C
Hancock County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,991 | $84,042 | $80,455 |
| Median Personal Income | $52,067 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.5% | 4.8% |
| Six-Figure Earners | 8.0% | 15.0% | 13.9% |
| $200k+ Households | 4.7% | 13.8% | 13.2% |
The median household income in Hancock County is about 21% lower than in Illinois. Income has been growing slower in Hancock County (3.5%/yr) than in Illinois (4.5%/yr).
About 8% of adults in Hancock County 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 Hancock County, Illinois grew by 55.0% from 2009 to 2024, reaching $65,991 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Hancock County
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.547 | 0.552 |
| Male Median Income | $63,120 | $73,933 | $69,667 |
| Female Median Income | $46,812 | $60,067 | $56,850 |
| Gender Pay Gap | 25.8% | 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 Hancock County, it is 0.514, 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 35% more than women's income in Hancock County, Illinois. Over a 35-year career, a 35% wage gap accumulates to roughly $570,780 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hancock County, Illinois has narrowed from about 33% to 26% in 2024. Over that period the gap was narrowest at 25% in 2015. In dollar terms, the gap has widened by $2,050 since 2009.
Employment
| Metric | Hancock County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.8% | 5.2% |
| Working from Home | 7.5% | 15.9% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 349 people are unemployed in Hancock County, Illinois.
The average commute time in Hancock County is 21 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hancock County, Illinois has fallen from 6.6% to 4.2% in 2024. Over that period the rate peaked at 7.5% in 2013.
Hancock County, IL Wealth Compared With Nearby Counties
Hancock County, IL is the 5th largest of the 6 counties compared here, 17,281 residents against a local median of 32,893. Hancock County, IL sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is income growth, 13% below the local median at 3.5%/yr against 4.0%/yr. Hancock County, IL has the 5th highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Hancock County, IL | 17,281 | $65,991 #2/6 | 3.5%/yr #5/6 | 4.2% #3/6 | 0.514 #4/6 |
| Lee County, IA | 32,893 | $62,330 | 4.3%/yr | 4.4% | 0.519 |
| Adams County, IL | 64,753 | $66,119 | 4.0%/yr | 3.9% | 0.506 |
| Henderson County, IL | 6,193 | $62,794 | 4.0%/yr | 7.8% | 0.488 |
| McDonough County, IL | 26,917 | $54,356 | 3.4%/yr | 7.9% | 0.553 |
| Des Moines County, IA | 38,487 | $63,600 | 4.6%/yr | 3.1% | 0.499 |
Conclusion
Considering all these factors, Hancock County, 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 Hancock County, Illinois.
How Rich Is Hancock County, Illinois?
Hancock County 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 $65,991, about 21% lower than the Illinois average of $84,042.
Are incomes growing in Hancock County, Illinois?
Between 2009 and 2024, the median household income in Hancock County, Illinois rose 55%, from $42,565 to $65,991. Over the same years, income here outpaced Illinois as a whole: +55% against +52%.
What was the median household income in Hancock County in 2023?
In 2023, the median household income in Hancock County, Illinois was $64,692, up 6% from $61,026 in 2022. The Illinois median that year was $82,182.
What was the median household income in Hancock County in 2020?
In 2020, the median household income in Hancock County, Illinois was $55,585. By 2024 it had risen 19% to $65,991.
How strong is the job market in Hancock County, Illinois?
Unemployment in Hancock County, Illinois is only 4.2%, 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 Hancock County, Illinois?
The Gini coefficient in Hancock County is 0.514. 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 Hancock County, Illinois?
Since 2009, the income gap between men and women in Hancock County, Illinois has narrowed from about 33% to 26% in 2024. Over that period the gap was narrowest at 25% in 2015. In dollar terms, the gap has widened by $2,050 since 2009.
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