Homer Glen, Illinois Income Statistics
Homer Glen 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.
-
A
Homer Glen Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $133,470 | $84,042 | $80,455 |
| Median Personal Income | $78,978 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.5% | 4.8% |
| Six-Figure Earners | 20.7% | 15.0% | 13.9% |
| $200k+ Households | 23.8% | 13.8% | 13.2% |
The median household income in Homer Glen is about 59% higher than in Illinois. Income has been growing faster in Homer Glen (4.8%/yr) than in Illinois (4.5%/yr).
About 21% of adults in Homer Glen earn six figures ($100,000 or more) a year, higher than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Homer Glen, Illinois grew by 44.2% from 2009 to 2024, reaching $133,470 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Homer Glen
| Metric | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.547 | 0.552 |
| Male Median Income | $93,675 | $73,933 | $69,667 |
| Female Median Income | $71,723 | $60,067 | $56,850 |
| Gender Pay Gap | 23.4% | 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 Homer Glen, it is 0.518, 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 31% more than women's income in Homer Glen, Illinois. Over a 35-year career, a 31% wage gap accumulates to roughly $768,320 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Homer Glen, Illinois has narrowed from about 32% to 23% in 2024. Over that period the gap was widest at 36% in 2010, and was narrowest at 23% in 2023. In dollar terms, the gap has widened by $717 since 2009.
Employment
| Metric | Homer Glen | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.8% | 5.2% |
| Working from Home | 14.1% | 15.9% | 15.0% |
| Commute time (minutes) | 32 | 23 | 22 |
Approximately 580 people are unemployed in Homer Glen, Illinois.
The average commute time in Homer Glen is 32 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Homer Glen, Illinois has fallen from 6.9% to 4.5% in 2024. Over that period the rate peaked at 7.7% in 2012 and fell as low as 3.8% in 2019.
Homer Glen, IL Wealth Compared With Nearby Cities
How Homer Glen, 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. |
|---|---|---|---|---|---|
| Homer Glen, IL | 25,259 | $133,470 #1/2 | 4.8%/yr #2/2 | 4.5% #1/2 | 0.518 #1/2 |
| Lockport, IL | 20,214 | $108,449 | 5.0%/yr | 5.4% | 0.526 |
Conclusion
Considering all these factors, Homer Glen, Illinois has an overall wealth index grade of A, making it somewhat better than Illinois, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Homer Glen, Illinois.
How Rich Is Homer Glen, Illinois?
Homer Glen 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 residents are much better off than the U.S. average. The median household income is $133,470, about 59% higher than the Illinois average of $84,042.
How has median household income changed in Homer Glen, Illinois?
Between 2009 and 2024, the median household income in Homer Glen, Illinois rose 44%, from $92,585 to $133,470. Over the same years, income here lagged behind Illinois as a whole: +44% against +52%.
What was the median household income in Homer Glen in 2023?
In 2023, the median household income in Homer Glen, Illinois was $127,764, up 1% from $126,349 in 2022. The Illinois median that year was $82,182.
What was the median household income in Homer Glen in 2020?
In 2020, the median household income in Homer Glen, Illinois was $108,920. By 2024 it had risen 23% to $133,470.
Do many residents of Homer Glen, Illinois earn over $100,000?
Yes. 21% of adults in Homer Glen, Illinois earn $100,000 or more a year (about 1 in 5), against 15% (about 1 in 7) in Illinois. 24% of households have a combined income of $200,000 or more, compared with 14% in Illinois.
How strong is the job market in Homer Glen, Illinois?
Unemployment in Homer Glen, Illinois is only 4.5%, 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 Homer Glen, Illinois?
The Gini coefficient in Homer Glen is 0.518. 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 Homer Glen, Illinois?
Since 2009, the income gap between men and women in Homer Glen, Illinois has narrowed from about 32% to 23% in 2024. Over that period the gap was widest at 36% in 2010, and was narrowest at 23% in 2023. In dollar terms, the gap has widened by $717 since 2009.
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