Pekin, Illinois Income Statistics
Pekin 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.
-
C
Pekin Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Pekin | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,354 | $84,042 | $80,455 |
| Median Personal Income | $49,569 | $64,565 | $60,758 |
| Average Yearly Income Growth | 2.7% | 4.5% | 4.8% |
| Six-Figure Earners | 7.5% | 15.0% | 13.9% |
| $200k+ Households | 3.9% | 13.8% | 13.2% |
The median household income in Pekin is about 27% lower than in Illinois. Income has been growing slower in Pekin (2.7%/yr) than in Illinois (4.5%/yr).
About 8% of adults in Pekin earn six figures ($100,000 or more) a year, lower than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Pekin, Illinois grew by 48.9% from 2009 to 2024, reaching $61,354 in 2024. That's an average of about 2.7% per year.
Income Inequality and the Gender Pay Gap in Pekin
| Metric | Pekin | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.547 | 0.552 |
| Male Median Income | $54,987 | $73,933 | $69,667 |
| Female Median Income | $46,693 | $60,067 | $56,850 |
| Gender Pay Gap | 15.1% | 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 Pekin, it is 0.501, 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 18% more than women's income in Pekin, Illinois. Over a 35-year career, a 18% wage gap accumulates to roughly $290,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pekin, Illinois has narrowed from about 29% to 15% in 2024. Over that period the gap was widest at 33% in 2016. In dollar terms, the gap has narrowed by $4,784 since 2009.
Employment
| Metric | Pekin | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 5.8% | 5.2% |
| Working from Home | 7.2% | 15.9% | 15.0% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 815 people are unemployed in Pekin, Illinois.
The average commute time in Pekin is 20 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pekin, Illinois has fallen from 7.3% to 5.9% in 2024. Over that period the rate peaked at 8.9% in 2013 and fell as low as 5.1% in 2020.
Conclusion
Considering all these factors, Pekin, Illinois has an overall wealth index grade of C, making it about on par with Illinois, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pekin, Illinois.
How Rich Is Pekin, Illinois?
Pekin has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $61,354, about 27% lower than the Illinois average of $84,042.
How has median household income changed in Pekin, Illinois?
Between 2009 and 2024, the median household income in Pekin, Illinois rose 49%, from $41,195 to $61,354. Over the same years, income here lagged behind Illinois as a whole: +49% against +52%.
What was the median household income in Pekin in 2023?
In 2023, the median household income in Pekin, Illinois was $58,920, up 10% from $53,670 in 2022. The Illinois median that year was $82,182.
What was the median household income in Pekin in 2020?
In 2020, the median household income in Pekin, Illinois was $50,879. By 2024 it had risen 21% to $61,354.
What is the Gini coefficient in Pekin, Illinois?
The Gini coefficient in Pekin is 0.501. 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 Pekin, Illinois?
Since 2009, the income gap between men and women in Pekin, Illinois has narrowed from about 29% to 15% in 2024. Over that period the gap was widest at 33% in 2016. In dollar terms, the gap has narrowed by $4,784 since 2009.
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