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.
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Income Statistics Overview
| Metric | Palatine | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,583 | $82,179 | $78,145 |
| Median Personal Income | $97,583 | $82,179 | $78,145 |
| Average income growth | 3.6% | 3.6% | 3.6% |
Household Income Trend
Median Household Income Over Time
Palatine
United States
Economic Inequality in Palatine | Gender Pay Gap | Gini Index
| Metric | Palatine | Illinois Avg | US Average |
|---|---|---|---|
| Gini Index | 0.538 | 0.567 | 0.570 |
| Male Median Income | $78,568 | $72,139 | $67,746 |
| Female Median Income | $69,356 | $58,023 | $54,793 |
| Gender Pay Gap | 11.7% | 19.6% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Palatine | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.8% | 5.2% |
| Working from Home | 18.7% | 14.0% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Unemployment Rate Over Time
Palatine
United States