Wealth Index
Less wealthy than 79% 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 | Logan County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,333 | $82,179 | $78,145 |
| Median Personal Income | $53,039 | $65,365 | $61,726 |
| Average income growth | 2.8% | 4.8% | 5.1% |
| Six-Figure Earners | 7.4% | 14.4% | 13.2% |
The median household income in Logan County is about 22% lower than in Illinois. Income has been growing slower in Logan County (2.8%/yr) than in Illinois (4.8%/yr).
About 7% of adults in Logan 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 Logan County, Illinois grew by 35.0% from 2009 to 2023, reaching $64,333 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Logan County | Gender Pay Gap | Gini Coefficient
| Metric | Logan County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.567 | 0.570 |
| Male Median Income | $57,517 | $72,139 | $67,746 |
| Female Median Income | $48,582 | $58,023 | $54,793 |
| Gender Pay Gap | 15.5% | 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 Logan County, it is 0.569, about the same as Illinois's 0.567, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 18% more than women's income in Logan County, Illinois. Over a 35-year career, a 18% wage gap accumulates to roughly $312,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Logan County, Illinois has narrowed from about 31% to 16% in 2023. In dollar terms, the gap has narrowed by $5,401 since 2009.
Employment
| Metric | Logan County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.8% | 5.2% |
| Working from Home | 7.3% | 14.0% | 13.4% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 571 people are unemployed in Logan County, Illinois.
The average commute time in Logan County is 16 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Logan County, Illinois has fallen from 5.6% to 4.4% in 2023.
Conclusion
Considering all these factors, Logan County, 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 Logan County, Illinois.
How Rich Is Logan County, Illinois?
Logan County 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 $64,333, about 22% lower than the Illinois average of $82,179.
What is the current median household income in Logan County, Illinois?
As of 2023, the median household income in Logan County, Illinois is $64,333.
What was the median household income in Logan County in 2023?
In 2023, the median household income in Logan County, Illinois was $64,333.
What was the median household income in Logan County in 2020?
In 2020, the median household income in Logan County, Illinois was $58,243.
What is the Gini coefficient in Logan County, Illinois?
The Gini coefficient in Logan County is 0.569. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Logan County, Illinois?
Since 2009, the income gap between men and women in Logan County, Illinois has narrowed from about 31% to 16% in 2023. In dollar terms, the gap has narrowed by $5,401 since 2009.