Wealth Index
Wealthier 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 | Moultrie County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,361 | $82,179 | $78,145 |
| Median Personal Income | $59,896 | $65,365 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 10.2% | 14.4% | 13.2% |
The median household income in Moultrie County is about 11% lower than in Illinois. Income has been growing faster in Moultrie County (5.3%/yr) than in Illinois (4.8%/yr).
About 10% of adults in Moultrie 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 Moultrie County, Illinois grew by 61.4% from 2009 to 2023, reaching $73,361 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Moultrie County | Gender Pay Gap | Gini Coefficient
| Metric | Moultrie County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.500 | 0.567 | 0.570 |
| Male Median Income | $72,044 | $72,139 | $67,746 |
| Female Median Income | $46,462 | $58,023 | $54,793 |
| Gender Pay Gap | 35.5% | 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 Moultrie County, it is 0.500, lower than Illinois's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 55% more than women's income in Moultrie County, Illinois. Over a 35-year career, a 55% wage gap accumulates to roughly $895,370 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Moultrie County, Illinois has narrowed from about 39% to 36% in 2023. In dollar terms, the gap has widened by $8,671 since 2009.
Employment
| Metric | Moultrie County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 5.8% | 5.2% |
| Working from Home | 5.0% | 14.0% | 13.4% |
| Commute time (minutes) | 18 | 23 | 22 |
Approximately 176 people are unemployed in Moultrie County, Illinois.
The average commute time in Moultrie County is 18 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Moultrie County, Illinois has fallen from 5.4% to 2.6% in 2023.
Conclusion
Considering all these factors, Moultrie County, 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 Moultrie County, Illinois.
How Rich Is Moultrie County, Illinois?
Moultrie County 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 $73,361, about 11% lower than the Illinois average of $82,179.
What is the current median household income in Moultrie County, Illinois?
As of 2023, the median household income in Moultrie County, Illinois is $73,361.
What was the median household income in Moultrie County in 2023?
In 2023, the median household income in Moultrie County, Illinois was $73,361.
What was the median household income in Moultrie County in 2020?
In 2020, the median household income in Moultrie County, Illinois was $63,321.
What is the Gini coefficient in Moultrie County, Illinois?
The Gini coefficient in Moultrie County is 0.500. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Moultrie County, Illinois?
Since 2009, the income gap between men and women in Moultrie County, Illinois has narrowed from about 39% to 36% in 2023. In dollar terms, the gap has widened by $8,671 since 2009.