Machesney Park, Illinois Income Statistics
Machesney Park 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.
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B
Machesney Park Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Machesney Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,025 | $84,042 | $80,455 |
| Median Personal Income | $55,759 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.5% | 4.8% |
| Six-Figure Earners | 8.4% | 15.0% | 13.9% |
| $200k+ Households | 6.7% | 13.8% | 13.2% |
The median household income in Machesney Park is about 12% lower than in Illinois. Income has been growing slower in Machesney Park (3.6%/yr) than in Illinois (4.5%/yr).
About 8% of adults in Machesney Park 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 Machesney Park, Illinois grew by 38.8% from 2009 to 2024, reaching $74,025 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Machesney Park
| Metric | Machesney Park | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.547 | 0.552 |
| Male Median Income | $64,046 | $73,933 | $69,667 |
| Female Median Income | $53,351 | $60,067 | $56,850 |
| Gender Pay Gap | 16.7% | 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 Machesney Park, it is 0.512, 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 20% more than women's income in Machesney Park, Illinois. Over a 35-year career, a 20% wage gap accumulates to roughly $374,325 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Machesney Park, Illinois has narrowed from about 33% to 17% in 2024. In dollar terms, the gap has narrowed by $5,266 since 2009.
Employment
| Metric | Machesney Park | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.8% | 5.2% |
| Working from Home | 9.1% | 15.9% | 15.0% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 692 people are unemployed in Machesney Park, Illinois.
The average commute time in Machesney Park is 18 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Machesney Park, Illinois has fallen from 11.0% to 6.9% in 2024. Over that period the rate peaked at 12.8% in 2013 and fell as low as 5.4% in 2022.
Machesney Park, IL Wealth Compared With Nearby Cities
How Machesney Park, IL compares with the 2 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. |
|---|---|---|---|---|---|
| Machesney Park, IL | 20,295 | $74,025 #1/3 | 3.6%/yr #2/3 | 6.9% #2/3 | 0.512 #2/3 |
| Loves Park, IL | 23,190 | $60,940 | 2.9%/yr | 6.5% | 0.501 |
| Rockford, IL | 139,970 | $54,584 | 3.9%/yr | 8.6% | 0.548 |
Conclusion
Considering all these factors, Machesney Park, 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 Machesney Park, Illinois.
How Rich Is Machesney Park, Illinois?
Machesney Park 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 $74,025, about 12% lower than the Illinois average of $84,042.
How fast is household income rising in Machesney Park, Illinois?
Between 2009 and 2024, the median household income in Machesney Park, Illinois rose 39%, from $53,348 to $74,025. Over the same years, income here lagged behind Illinois as a whole: +39% against +52%.
What was the median household income in Machesney Park in 2023?
In 2023, the median household income in Machesney Park, Illinois was $72,497, up 2% from $71,218 in 2022. The Illinois median that year was $82,182.
What was the median household income in Machesney Park in 2020?
In 2020, the median household income in Machesney Park, Illinois was $67,679. By 2024 it had risen 9% to $74,025.
What is the Gini coefficient in Machesney Park, Illinois?
The Gini coefficient in Machesney Park is 0.512. 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 Machesney Park, Illinois?
Since 2009, the income gap between men and women in Machesney Park, Illinois has narrowed from about 33% to 17% in 2024. In dollar terms, the gap has narrowed by $5,266 since 2009.
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