Wealth Index
Wealthier than 80% 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 | Ogle County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,877 | $82,179 | $78,145 |
| Median Personal Income | $58,261 | $65,365 | $61,726 |
| Average income growth | 5.0% | 4.8% | 5.1% |
| Six-Figure Earners | 9.6% | 14.4% | 13.2% |
The median household income in Ogle County is about 4% lower than in Illinois. Income has been growing faster in Ogle County (5.0%/yr) than in Illinois (4.8%/yr).
About 10% of adults in Ogle 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 Ogle County, Illinois grew by 44.5% from 2009 to 2023, reaching $78,877 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Ogle County | Gender Pay Gap | Gini Coefficient
| Metric | Ogle County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.567 | 0.570 |
| Male Median Income | $65,915 | $72,139 | $67,746 |
| Female Median Income | $48,350 | $58,023 | $54,793 |
| Gender Pay Gap | 26.6% | 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 Ogle County, it is 0.523, 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 36% more than women's income in Ogle County, Illinois. Over a 35-year career, a 36% wage gap accumulates to roughly $614,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ogle County, Illinois has narrowed from about 33% to 27% in 2023. In dollar terms, the gap has widened by $1,472 since 2009.
Employment
| Metric | Ogle County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.8% | 5.2% |
| Working from Home | 7.2% | 14.0% | 13.4% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,396 people are unemployed in Ogle County, Illinois.
The average commute time in Ogle County is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ogle County, Illinois has fallen from 10.4% to 5.4% in 2023.
Conclusion
Considering all these factors, Ogle 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 Ogle County, Illinois.
How Wealthy Is Ogle County, Illinois?
Ogle 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 $78,877, about 4% lower than the Illinois average of $82,179.
What is the current median household income in Ogle County, Illinois?
As of 2023, the median household income in Ogle County, Illinois is $78,877.
What was the median household income in Ogle County in 2023?
In 2023, the median household income in Ogle County, Illinois was $78,877.
What was the median household income in Ogle County in 2020?
In 2020, the median household income in Ogle County, Illinois was $63,456.
What is the Gini coefficient in Ogle County, Illinois?
The Gini coefficient in Ogle County is 0.523. 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 Ogle County, Illinois?
Since 2009, the income gap between men and women in Ogle County, Illinois has narrowed from about 33% to 27% in 2023. In dollar terms, the gap has widened by $1,472 since 2009.