Lockport, Illinois Income Statistics
Lockport 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.
-
B
Lockport Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,449 | $84,042 | $80,455 |
| Median Personal Income | $71,345 | $64,565 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.5% | 4.8% |
| Six-Figure Earners | 19.6% | 15.0% | 13.9% |
| $200k+ Households | 16.3% | 13.8% | 13.2% |
The median household income in Lockport is about 29% higher than in Illinois. Income has been growing faster in Lockport (5.0%/yr) than in Illinois (4.5%/yr).
About 20% of adults in Lockport 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 Lockport, Illinois grew by 54.5% from 2009 to 2024, reaching $108,449 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Lockport
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.547 | 0.552 |
| Male Median Income | $85,903 | $73,933 | $69,667 |
| Female Median Income | $68,729 | $60,067 | $56,850 |
| Gender Pay Gap | 20.0% | 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 Lockport, it is 0.526, 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 25% more than women's income in Lockport, Illinois. Over a 35-year career, a 25% wage gap accumulates to roughly $601,090 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lockport, Illinois has narrowed from about 33% to 20% in 2024. Over that period the gap was narrowest at 16% in 2020. In dollar terms, the gap has narrowed by $2,908 since 2009.
Employment
| Metric | Lockport | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.8% | 5.2% |
| Working from Home | 12.8% | 15.9% | 15.0% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 630 people are unemployed in Lockport, Illinois.
The average commute time in Lockport is 31 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lockport, Illinois has fallen from 8.3% to 5.4% in 2024. Over that period the rate peaked at 10.4% in 2013 and fell as low as 4.1% in 2019.
Conclusion
Considering all these factors, Lockport, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lockport, Illinois.
How Rich Is Lockport, Illinois?
Lockport 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 $108,449, about 29% higher than the Illinois average of $84,042.
How fast is household income rising in Lockport, Illinois?
Between 2009 and 2024, the median household income in Lockport, Illinois rose 55%, from $70,190 to $108,449. Over the same years, income here outpaced Illinois as a whole: +55% against +52%.
What was the median household income in Lockport in 2023?
In 2023, the median household income in Lockport, Illinois was $109,125, up 7% from $101,633 in 2022. The Illinois median that year was $82,182.
What was the median household income in Lockport in 2020?
In 2020, the median household income in Lockport, Illinois was $82,117. By 2024 it had risen 32% to $108,449.
How many people earn six figures in Lockport, Illinois?
Yes. 20% of adults in Lockport, Illinois earn $100,000 or more a year (about 1 in 5), against 15% (about 1 in 7) in Illinois. 16% of households have a combined income of $200,000 or more, compared with 14% in Illinois.
What is the Gini coefficient in Lockport, Illinois?
The Gini coefficient in Lockport is 0.526. 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 Lockport, Illinois?
Since 2009, the income gap between men and women in Lockport, Illinois has narrowed from about 33% to 20% in 2024. Over that period the gap was narrowest at 16% in 2020. In dollar terms, the gap has narrowed by $2,908 since 2009.
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