Wealth Index
Wealthier than 76% of counties in Illinois
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 | Jersey County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,632 | $82,179 | $78,145 |
| Median Personal Income | $59,887 | $65,365 | $61,726 |
| Average income growth | 5.8% | 4.8% | 5.1% |
| Six-Figure Earners | 8.6% | 14.4% | 13.2% |
The median household income in Jersey County is about 4% lower than in Illinois. Income has been growing faster in Jersey County (5.8%/yr) than in Illinois (4.8%/yr).
About 9% of adults in Jersey County 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 Jersey County, Illinois grew by 50.1% from 2009 to 2023, reaching $78,632 in 2023. That's an average of about 5.8% per year.
Economic Inequality in Jersey County | Gender Pay Gap | Gini Coefficient
| Metric | Jersey County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.567 | 0.570 |
| Male Median Income | $66,952 | $72,139 | $67,746 |
| Female Median Income | $46,895 | $58,023 | $54,793 |
| Gender Pay Gap | 30.0% | 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 Jersey County, it is 0.532, 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 43% more than women's income in Jersey County, Illinois. Over a 35-year career, a 43% wage gap accumulates to roughly $701,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jersey County, Illinois has widened from about 29% to 30% in 2023. In dollar terms, the gap has widened by $6,378 since 2009.
Employment
| Metric | Jersey County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.8% | 5.2% |
| Working from Home | 11.4% | 14.0% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 461 people are unemployed in Jersey County, Illinois.
The average commute time in Jersey County is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jersey County, Illinois has fallen from 5.5% to 4.4% in 2023.
Conclusion
Considering all these factors, Jersey County, Illinois has an overall wealth index grade of B, making it about on par with Illinois, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Jersey County, Illinois.
How Rich Is Jersey County, Illinois?
Jersey County 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 $78,632, about 4% lower than the Illinois average of $82,179.
What is the current median household income in Jersey County, Illinois?
As of 2023, the median household income in Jersey County, Illinois is $78,632.
What was the median household income in Jersey County in 2023?
In 2023, the median household income in Jersey County, Illinois was $78,632.
What was the median household income in Jersey County in 2020?
In 2020, the median household income in Jersey County, Illinois was $69,344.
What is the Gini coefficient in Jersey County, Illinois?
The Gini coefficient in Jersey County is 0.532. 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 Jersey County, Illinois?
Since 2009, the income gap between men and women in Jersey County, Illinois has widened from about 29% to 30% in 2023. In dollar terms, the gap has widened by $6,378 since 2009.