O'Fallon, Illinois Income Statistics
O'Fallon 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.
-
B
O'Fallon Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | O'Fallon | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,422 | $84,042 | $80,455 |
| Median Personal Income | $68,364 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.4% | 4.5% | 4.8% |
| Six-Figure Earners | 18.6% | 15.0% | 13.9% |
| $200k+ Households | 15.1% | 13.8% | 13.2% |
The median household income in O'Fallon is about 11% higher than in Illinois. Income has been growing slower in O'Fallon (3.4%/yr) than in Illinois (4.5%/yr).
About 19% of adults in O'Fallon 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 O'Fallon, Illinois grew by 38.8% from 2009 to 2024, reaching $93,422 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in O'Fallon
| Metric | O'Fallon | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.547 | 0.552 |
| Male Median Income | $84,619 | $73,933 | $69,667 |
| Female Median Income | $62,651 | $60,067 | $56,850 |
| Gender Pay Gap | 26.0% | 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 O'Fallon, it is 0.505, 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 35% more than women's income in O'Fallon, Illinois. Over a 35-year career, a 35% wage gap accumulates to roughly $768,880 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in O'Fallon, Illinois has narrowed from about 32% to 26% in 2024. Over that period the gap was widest at 33% in 2022, and was narrowest at 21% in 2021. In dollar terms, the gap has widened by $1,571 since 2009.
Employment
| Metric | O'Fallon | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 5.8% | 5.2% |
| Working from Home | 16.8% | 15.9% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 362 people are unemployed in O'Fallon, Illinois.
The average commute time in O'Fallon is 20 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in O'Fallon, Illinois has fallen from 7.7% to 3.2% in 2024. Over that period the rate peaked at 10.0% in 2013 and fell as low as 3.0% in 2023.
Conclusion
Considering all these factors, O'Fallon, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in O'Fallon, Illinois.
How Wealthy Is O'Fallon, Illinois?
O'Fallon 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 $93,422, about 11% higher than the Illinois average of $84,042.
How has median household income changed in O'Fallon, Illinois?
Between 2009 and 2024, the median household income in O'Fallon, Illinois rose 39%, from $67,320 to $93,422. Over the same years, income here lagged behind Illinois as a whole: +39% against +52%.
What was the median household income in O'Fallon in 2023?
In 2023, the median household income in O'Fallon, Illinois was $92,775, about the same as in 2022. The Illinois median that year was $82,182.
What was the median household income in O'Fallon in 2020?
In 2020, the median household income in O'Fallon, Illinois was $78,162. By 2024 it had risen 20% to $93,422.
Is unemployment high in O'Fallon, Illinois?
Unemployment in O'Fallon, Illinois is only 3.2%, 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 O'Fallon, Illinois?
The Gini coefficient in O'Fallon is 0.505. 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 O'Fallon, Illinois?
Since 2009, the income gap between men and women in O'Fallon, Illinois has narrowed from about 32% to 26% in 2024. Over that period the gap was widest at 33% in 2022, and was narrowest at 21% in 2021. In dollar terms, the gap has widened by $1,571 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 →