Montgomery County, Illinois Income Statistics
Montgomery County Wealth Score
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.
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D
Montgomery County Well below averageLess wealthy than 81% of counties in Illinois
Source: Map AI Methodology
Income Statistics Overview
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,489 | $84,042 | $80,455 |
| Median Personal Income | $53,612 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 8.1% | 15.0% | 13.9% |
| $200k+ Households | 4.9% | 13.8% | 13.2% |
The median household income in Montgomery County is about 24% lower than in Illinois. Income has been growing slower in Montgomery County (4.4%/yr) than in Illinois (4.5%/yr).
About 8% of adults in Montgomery County 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 Montgomery County, Illinois grew by 60.5% from 2009 to 2024, reaching $63,489 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Montgomery County
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.547 | 0.552 |
| Male Median Income | $64,769 | $73,933 | $69,667 |
| Female Median Income | $49,487 | $60,067 | $56,850 |
| Gender Pay Gap | 23.6% | 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 Montgomery County, it is 0.557, higher than Illinois's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 31% more than women's income in Montgomery County, Illinois. Over a 35-year career, a 31% wage gap accumulates to roughly $534,870 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montgomery County, Illinois has narrowed from about 31% to 24% in 2024. Over that period the gap was widest at 33% in 2017, and was narrowest at 19% in 2021. In dollar terms, the gap has widened by $2,969 since 2009.
Employment
| Metric | Montgomery County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.8% | 5.2% |
| Working from Home | 9.0% | 15.9% | 15.0% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 571 people are unemployed in Montgomery County, Illinois.
The average commute time in Montgomery County is 16 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montgomery County, Illinois has fallen from 7.4% to 4.7% in 2024. Over that period the rate fell as low as 4.5% in 2020.
Montgomery County, IL Wealth Compared With Nearby Counties
Montgomery County, IL is the 4th largest of the 6 counties compared here, 27,942 residents against a local median of 33,536. Where Montgomery County, IL breaks from the counties next to it is income growth, sitting 18% above the local median of 3.7%/yr at 4.4%/yr. That is the better end of the local range on this measure.
The counties themselves spread 1.1%/yr on income growth, so Montgomery County, IL sits at one end of an already wide local range rather than apart from it. Montgomery County, IL has the highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Montgomery County, IL | 27,942 | $63,489 #4/6 | 4.4%/yr #1/6 | 4.7% #5/6 | 0.557 #5/6 |
| Bond County, IL | 16,715 | $67,347 | 3.0%/yr | 4.5% | 0.572 |
| Christian County, IL | 33,536 | $62,799 | 3.7%/yr | 4.6% | 0.536 |
| Macoupin County, IL | 44,343 | $72,437 | 4.1%/yr | 3.7% | 0.522 |
| Fayette County, IL | 21,314 | $60,976 | 4.0%/yr | 3.8% | 0.545 |
| Sangamon County, IL | 194,875 | $75,401 | 3.6%/yr | 5.4% | 0.517 |
Conclusion
Considering all these factors, Montgomery 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 Montgomery County, Illinois.
How Rich Is Montgomery County, Illinois?
Montgomery 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 $63,489, about 24% lower than the Illinois average of $84,042.
How fast is household income rising in Montgomery County, Illinois?
Between 2009 and 2024, the median household income in Montgomery County, Illinois rose 61%, from $39,551 to $63,489. Over the same years, income here outpaced Illinois as a whole: +61% against +52%.
What was the median household income in Montgomery County in 2023?
In 2023, the median household income in Montgomery County, Illinois was $62,353, up 1% from $61,757 in 2022. The Illinois median that year was $82,182.
What was the median household income in Montgomery County in 2020?
In 2020, the median household income in Montgomery County, Illinois was $54,860. By 2024 it had risen 16% to $63,489.
What is the Gini coefficient in Montgomery County, Illinois?
The Gini coefficient in Montgomery County is 0.557. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Montgomery County, Illinois?
Since 2009, the income gap between men and women in Montgomery County, Illinois has narrowed from about 31% to 24% in 2024. Over that period the gap was widest at 33% in 2017, and was narrowest at 19% in 2021. In dollar terms, the gap has widened by $2,969 since 2009.
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