Melrose Park, Illinois Income Statistics
Melrose 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.
-
D
Melrose Park Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Melrose Park | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,933 | $84,042 | $80,455 |
| Median Personal Income | $44,775 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.5% | 4.8% |
| Six-Figure Earners | 6.0% | 15.0% | 13.9% |
| $200k+ Households | 7.0% | 13.8% | 13.2% |
The median household income in Melrose Park is about 18% lower than in Illinois. Income has been growing faster in Melrose Park (4.6%/yr) than in Illinois (4.5%/yr).
About 6% of adults in Melrose 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 Melrose Park, Illinois grew by 60.9% from 2009 to 2024, reaching $68,933 in 2024. That's an average of about 4.6% per year.
Melrose Park has stayed below the U.S. median household income in every year from 2009 to 2024 and has never reached it. It came closest in 2022, at 8.5% lower. The gap has held fairly steady over the period.
Income Distribution in Melrose Park
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 2,693 households (30.9% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 17.2% of households in Melrose Park had an income under $35,000 and 12.8% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Melrose Park has a larger share of households earning $35,000 to $49,999 (17.3% vs 10.1%) and a smaller share earning $200,000 or more (7.0% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 231 | 2.7% | 5.1% |
| $10,000 to $14,999 | 192 | 2.2% | 3.5% |
| $15,000 to $24,999 | 517 | 5.9% | 6.4% |
| $25,000 to $34,999 | 559 | 6.4% | 6.7% |
| $35,000 to $49,999 | 1,506 | 17.3% | 10.1% |
| $50,000 to $74,999 | 1,835 | 21.0% | 15.5% |
| $75,000 to $99,999 | 1,190 | 13.6% | 12.6% |
| $100,000 to $149,999 | 1,575 | 18.1% | 17.4% |
| $150,000 to $199,999 | 511 | 5.9% | 9.5% |
| $200,000 or more | 608 | 7.0% | 13.2% |
Shares are of all 8,722 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 1,244 residents (6.0% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 7.3% of residents who have any income.
In 2024, 18.3% of Melrose Park residents aged 15 and over reported no personal income, 27.1% had some income but less than $25,000, and 10.8% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Melrose Park has a larger share of residents earning $35,000 to $49,999 (18.4% vs 12.6%) and a smaller share earning $100,000 or more (6.0% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 3,804 | 18.3% | 12.8% |
| $1 to $9,999 | 1,904 | 9.2% | 11.2% |
| $10,000 to $14,999 | 1,487 | 7.2% | 7.0% |
| $15,000 to $24,999 | 2,241 | 10.8% | 10.5% |
| $25,000 to $34,999 | 2,281 | 11.0% | 9.5% |
| $35,000 to $49,999 | 3,823 | 18.4% | 12.6% |
| $50,000 to $74,999 | 3,018 | 14.5% | 14.3% |
| $75,000 to $99,999 | 997 | 4.8% | 8.2% |
| $100,000 or more | 1,244 | 6.0% | 13.9% |
Shares are of the 20,798 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 18.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Melrose Park
| Metric | Melrose Park | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.547 | 0.552 |
| Male Median Income | $49,938 | $73,933 | $69,667 |
| Female Median Income | $43,504 | $60,067 | $56,850 |
| Gender Pay Gap | 12.9% | 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 Melrose Park, it is 0.538, 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 15% more than women's income in Melrose Park, Illinois. Over a 35-year career, a 15% wage gap accumulates to roughly $225,190 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Melrose Park, Illinois has narrowed from about 17% to 13% in 2024. Over that period the gap was widest at 24% in 2015, and was narrowest at 12% in 2023. In dollar terms, the gap has widened by $374 since 2009.
Employment
| Metric | Melrose Park | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.8% | 5.2% |
| Working from Home | 6.4% | 15.9% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 670 people are unemployed in Melrose Park, Illinois.
The average commute time in Melrose Park is 26 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Melrose Park, Illinois has fallen from 11.6% to 5.1% in 2024. Over that period the rate peaked at 11.9% in 2012 and fell as low as 4.7% in 2022.
Melrose Park has crossed the U.S. unemployment rate 5 times since 2011, most recently dropping below it by 2022. In 2024 its rate was 0.1 points lower.
Melrose Park, IL Wealth Compared With Nearby Cities
How Melrose Park, 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. |
|---|---|---|---|---|---|
| Melrose Park, IL | 25,390 | $68,933 #2/2 | 4.6%/yr #2/2 | 5.1% #1/2 | 0.538 #1/2 |
| Maywood, IL | 22,673 | $69,656 | 5.8%/yr | 7.8% | 0.566 |
Conclusion
Considering all these factors, Melrose Park, 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 Melrose Park, Illinois.
How Rich Is Melrose Park, Illinois?
Melrose Park 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 $68,933, about 18% lower than the Illinois average of $84,042.
How fast is household income rising in Melrose Park, Illinois?
Between 2009 and 2024, the median household income in Melrose Park, Illinois rose 61%, from $42,843 to $68,933. Over the same years, income here outpaced Illinois as a whole: +61% against +52%.
What was the median household income in Melrose Park in 2023?
In 2023, the median household income in Melrose Park, Illinois was $68,689, up 1% from $68,228 in 2022. The Illinois median that year was $82,182.
What was the median household income in Melrose Park in 2020?
In 2020, the median household income in Melrose Park, Illinois was $55,660. By 2024 it had risen 24% to $68,933.
What is the Gini coefficient in Melrose Park, Illinois?
The Gini coefficient in Melrose Park is 0.538. 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 Melrose Park, Illinois?
Since 2009, the income gap between men and women in Melrose Park, Illinois has narrowed from about 17% to 13% in 2024. Over that period the gap was widest at 24% in 2015, and was narrowest at 12% in 2023. In dollar terms, the gap has widened by $374 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →