New Lenox, Illinois Income Statistics
New Lenox 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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A
New Lenox Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Lenox | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $130,579 | $84,042 | $80,455 |
| Median Personal Income | $83,126 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.5% | 4.8% |
| Six-Figure Earners | 23.7% | 15.0% | 13.9% |
| $200k+ Households | 21.9% | 13.8% | 13.2% |
The median household income in New Lenox is about 55% higher than in Illinois. Income has been growing slower in New Lenox (4.0%/yr) than in Illinois (4.5%/yr).
About 24% of adults in New Lenox earn six figures ($100,000 or more) a year, higher than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in New Lenox, Illinois grew by 46.8% from 2009 to 2024, reaching $130,579 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in New Lenox
| Metric | New Lenox | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.547 | 0.552 |
| Male Median Income | $101,455 | $73,933 | $69,667 |
| Female Median Income | $72,494 | $60,067 | $56,850 |
| Gender Pay Gap | 28.5% | 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 New Lenox, it is 0.507, 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 40% more than women's income in New Lenox, Illinois. Over a 35-year career, a 40% wage gap accumulates to roughly $1,013,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Lenox, Illinois has narrowed from about 35% to 29% in 2024. In dollar terms, the gap has widened by $3,709 since 2009.
Employment
| Metric | New Lenox | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.4% | 5.8% | 5.2% |
| Working from Home | 13.2% | 15.9% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 262 people are unemployed in New Lenox, Illinois.
The average commute time in New Lenox is 30 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Lenox, Illinois has fallen from 6.3% to 2.4% in 2024. Over that period the rate peaked at 6.4% in 2013 and fell as low as 2.4% in 2023.
Conclusion
Considering all these factors, New Lenox, Illinois has an overall wealth index grade of A, making it notably better than Illinois, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in New Lenox, Illinois.
How Rich Is New Lenox, Illinois?
New Lenox has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $130,579, about 55% higher than the Illinois average of $84,042.
How fast is household income rising in New Lenox, Illinois?
Between 2009 and 2024, the median household income in New Lenox, Illinois rose 47%, from $88,933 to $130,579. Over the same years, income here lagged behind Illinois as a whole: +47% against +52%.
What was the median household income in New Lenox in 2023?
In 2023, the median household income in New Lenox, Illinois was $130,289, up 3% from $126,465 in 2022. The Illinois median that year was $82,182.
What was the median household income in New Lenox in 2020?
In 2020, the median household income in New Lenox, Illinois was $109,826. By 2024 it had risen 19% to $130,579.
How many people earn six figures in New Lenox, Illinois?
Yes. 24% of adults in New Lenox, Illinois earn $100,000 or more a year (about 1 in 4), against 15% (about 1 in 7) in Illinois. 22% of households have a combined income of $200,000 or more, compared with 14% in Illinois.
Is it hard to find a job in New Lenox, Illinois?
Unemployment in New Lenox, Illinois is only 2.4%, well below the Illinois rate of 5.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in New Lenox, Illinois?
The Gini coefficient in New Lenox is 0.507. 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 New Lenox, Illinois?
Since 2009, the income gap between men and women in New Lenox, Illinois has narrowed from about 35% to 29% in 2024. In dollar terms, the gap has widened by $3,709 since 2009.
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