Oswego, Illinois Income Statistics
Updated
Oswego 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
Oswego Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Oswego | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $113,068 | $84,042 | $80,455 |
| Median Personal Income | $71,211 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.5% | 4.8% |
| Six-Figure Earners | 17.4% | 15.0% | 13.9% |
| $200k+ Households | 17.4% | 13.8% | 13.2% |
The median household income in Oswego is about 35% higher than in Illinois. Income has been growing slower in Oswego (3.0%/yr) than in Illinois (4.5%/yr).
About 17% of adults in Oswego 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 Oswego, Illinois grew by 28.8% from 2009 to 2024, reaching $113,068 in 2024. That's an average of about 3.0% per year.
Oswego has been far above the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2020, its income was 35% higher. The gap has narrowed from 72% in 2009 to 41% in 2024.
Income Distribution in Oswego
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 4,646 households (56.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 7.5% of households in Oswego had an income under $35,000 and 33.8% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Oswego has a larger share of households earning $150,000 to $199,999 (16.4% vs 9.5%) and a smaller share earning $15,000 to $24,999 (0.9% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 247 | 3.0% | 5.1% |
| $10,000 to $14,999 | 110 | 1.3% | 3.5% |
| $15,000 to $24,999 | 72 | 0.9% | 6.4% |
| $25,000 to $34,999 | 194 | 2.3% | 6.7% |
| $35,000 to $49,999 | 491 | 5.9% | 10.1% |
| $50,000 to $74,999 | 1,480 | 17.9% | 15.5% |
| $75,000 to $99,999 | 1,030 | 12.5% | 12.6% |
| $100,000 to $149,999 | 1,851 | 22.4% | 17.4% |
| $150,000 to $199,999 | 1,359 | 16.4% | 9.5% |
| $200,000 or more | 1,436 | 17.4% | 13.2% |
Shares are of all 8,269 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 3,381 residents (17.4% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 20.5% of residents who have any income.
In 2024, 15.3% of Oswego residents aged 15 and over reported no personal income, 22.4% had some income but less than $25,000, and 27.4% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Oswego has a larger share of residents earning $50,000 to $74,999 (19.7% vs 14.3%) and a smaller share earning $25,000 to $34,999 (6.1% vs 9.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,965 | 15.3% | 12.8% |
| $1 to $9,999 | 1,978 | 10.2% | 11.2% |
| $10,000 to $14,999 | 768 | 4.0% | 7.0% |
| $15,000 to $24,999 | 1,605 | 8.3% | 10.5% |
| $25,000 to $34,999 | 1,189 | 6.1% | 9.5% |
| $35,000 to $49,999 | 1,784 | 9.2% | 12.6% |
| $50,000 to $74,999 | 3,822 | 19.7% | 14.3% |
| $75,000 to $99,999 | 1,948 | 10.0% | 8.2% |
| $100,000 or more | 3,381 | 17.4% | 13.9% |
Shares are of the 19,441 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 15.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Oswego
| Metric | Oswego | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.547 | 0.552 |
| Male Median Income | $82,680 | $73,933 | $69,667 |
| Female Median Income | $68,014 | $60,067 | $56,850 |
| Gender Pay Gap | 17.7% | 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 Oswego, it is 0.536, 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 22% more than women's income in Oswego, Illinois. Over a 35-year career, a 22% wage gap accumulates to roughly $513,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oswego, Illinois has narrowed from about 35% to 18% in 2024. Over that period the gap was widest at 37% in 2011, and was narrowest at 6% in 2022. In dollar terms, the gap has narrowed by $9,665 since 2009.
Employment
| Metric | Oswego | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.8% | 5.2% |
| Working from Home | 16.5% | 15.9% | 15.0% |
| Commute time (minutes) | 28 | 23 | 22 |
Approximately 456 people are unemployed in Oswego, Illinois.
The average commute time in Oswego is 28 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oswego, Illinois has fallen from 6.2% to 3.5% in 2024. Over that period the rate peaked at 6.9% in 2013 and fell as low as 2.0% in 2022.
Oswego has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2018, at 1.5 points lower. The gap has narrowed from 2.5 points in 2011 to 1.8 points in 2024.
Oswego, IL Wealth Compared With Nearby Cities
How Oswego, IL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Oswego, IL | 24,175 | $113,068 #1/3 | 3.0%/yr #3/3 | 3.5% #1/3 | 0.536 #2/3 |
| Montgomery, IL | 21,311 | $97,530 | 4.7%/yr | 4.3% | 0.498 |
| Aurora, IL | 168,587 | $92,311 | 4.9%/yr | 5.9% | 0.552 |
Conclusion
Considering all these factors, Oswego, Illinois has an overall wealth index grade of A, making it somewhat better than Illinois, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oswego, Illinois.
How Wealthy Is Oswego, Illinois?
Oswego 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 $113,068, about 35% higher than the Illinois average of $84,042.
How has median household income changed in Oswego, Illinois?
Between 2009 and 2024, the median household income in Oswego, Illinois rose 29%, from $87,812 to $113,068. Over the same years, income here lagged behind Illinois as a whole: +29% against +52%.
What was the median household income in Oswego in 2023?
In 2023, the median household income in Oswego, Illinois was $108,785, up 4% from $104,177 in 2022. The Illinois median that year was $82,182.
What was the median household income in Oswego in 2020?
In 2020, the median household income in Oswego, Illinois was $87,584. By 2024 it had risen 29% to $113,068.
How strong is the job market in Oswego, Illinois?
Unemployment in Oswego, Illinois is only 3.5%, 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 Oswego, Illinois?
The Gini coefficient in Oswego is 0.536. 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 Oswego, Illinois?
Since 2009, the income gap between men and women in Oswego, Illinois has narrowed from about 35% to 18% in 2024. Over that period the gap was widest at 37% in 2011, and was narrowest at 6% in 2022. In dollar terms, the gap has narrowed by $9,665 since 2009.
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