Wealth Index
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 | Northbrook | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $157,208 | $82,179 | $78,145 |
| Median Personal Income | $117,469 | $65,365 | $61,726 |
| Average income growth | 4.4% | 4.8% | 5.1% |
| Six-Figure Earners | 33.8% | 14.4% | 13.2% |
The median household income in Northbrook is about 91% higher than in Illinois. Income has been growing slower in Northbrook (4.4%/yr) than in Illinois (4.8%/yr).
About 34% of adults in Northbrook earn six figures ($100,000 or more) a year, higher than the Illinois average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Northbrook, Illinois grew by 37.6% from 2009 to 2023, reaching $157,208 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Northbrook | Gender Pay Gap | Gini Coefficient
| Metric | Northbrook | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.567 | 0.570 |
| Male Median Income | $123,582 | $72,139 | $67,746 |
| Female Median Income | $106,059 | $58,023 | $54,793 |
| Gender Pay Gap | 14.2% | 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 Northbrook, it is 0.547, 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 17% more than women's income in Northbrook, Illinois. Over a 35-year career, a 17% wage gap accumulates to roughly $613,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Northbrook, Illinois has narrowed from about 48% to 14% in 2023. In dollar terms, the gap has narrowed by $38,888 since 2009.
Employment
| Metric | Northbrook | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 5.8% | 5.2% |
| Working from Home | 26.2% | 14.0% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 492 people are unemployed in Northbrook, Illinois.
The average commute time in Northbrook is 22 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Northbrook, Illinois has fallen from 4.6% to 3.1% in 2023.
Conclusion
Considering all these factors, Northbrook, Illinois has an overall wealth index grade of A+, making it far better than Illinois, and far better than the country as a whole.
Northbrook, IL Wealth Compared With Nearby Cities
How Northbrook, IL compares with the 2 cities closest to it.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Northbrook, IL | 30,197 | $157,208 #2/3 | 3.1% #1/3 | 0.5 #2/3 |
| Glenview, IL | 46,451 | $129,445 | 4.0% | 0.6 |
| Highland Park, IL | 26,256 | $166,712 | 3.4% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Northbrook, Illinois.
How Rich Is Northbrook, Illinois?
Northbrook 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 it is one of the most prosperous areas in the country. The median household income is $157,208, about 91% higher than the Illinois average of $82,179.
What is the current median household income in Northbrook, Illinois?
As of 2023, the median household income in Northbrook, Illinois is $157,208.
What was the median household income in Northbrook in 2023?
In 2023, the median household income in Northbrook, Illinois was $157,208.
What was the median household income in Northbrook in 2020?
In 2020, the median household income in Northbrook, Illinois was $126,737.
What is the Gini coefficient in Northbrook, Illinois?
The Gini coefficient in Northbrook is 0.547. 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 Northbrook, Illinois?
Since 2009, the income gap between men and women in Northbrook, Illinois has narrowed from about 48% to 14% in 2023. In dollar terms, the gap has narrowed by $38,888 since 2009.