Wealth Index
Less wealthy than 91% 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 | Perry County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,362 | $82,179 | $78,145 |
| Median Personal Income | $52,796 | $65,365 | $61,726 |
| Average income growth | 4.6% | 4.8% | 5.1% |
| Six-Figure Earners | 5.5% | 14.4% | 13.2% |
The median household income in Perry County is about 28% lower than in Illinois. Income has been growing slower in Perry County (4.6%/yr) than in Illinois (4.8%/yr).
About 6% of adults in Perry 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 Perry County, Illinois grew by 51.5% from 2009 to 2023, reaching $59,362 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Perry County | Gender Pay Gap | Gini Coefficient
| Metric | Perry County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.567 | 0.570 |
| Male Median Income | $64,502 | $72,139 | $67,746 |
| Female Median Income | $44,577 | $58,023 | $54,793 |
| Gender Pay Gap | 30.9% | 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 Perry County, it is 0.577, higher than Illinois's 0.567, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 45% more than women's income in Perry County, Illinois. Over a 35-year career, a 45% wage gap accumulates to roughly $697,375 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Perry County, Illinois has widened from about 29% to 31% in 2023. In dollar terms, the gap has widened by $8,042 since 2009.
Employment
| Metric | Perry County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.8% | 5.2% |
| Working from Home | 3.8% | 14.0% | 13.4% |
| Commute time (minutes) | 20 | 23 | 22 |
Approximately 431 people are unemployed in Perry County, Illinois.
The average commute time in Perry County is 20 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Perry County, Illinois has fallen from 8.8% to 5.1% in 2023.
Conclusion
Considering all these factors, Perry County, Illinois has an overall wealth index grade of D, making it somewhat worse than Illinois, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Perry County, Illinois.
How Rich Is Perry County, Illinois?
Perry County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,362, about 28% lower than the Illinois average of $82,179.
What is the current median household income in Perry County, Illinois?
As of 2023, the median household income in Perry County, Illinois is $59,362.
What was the median household income in Perry County in 2023?
In 2023, the median household income in Perry County, Illinois was $59,362.
What was the median household income in Perry County in 2020?
In 2020, the median household income in Perry County, Illinois was $51,053.
What is the Gini coefficient in Perry County, Illinois?
The Gini coefficient in Perry County is 0.577. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Perry County, Illinois?
Since 2009, the income gap between men and women in Perry County, Illinois has widened from about 29% to 31% in 2023. In dollar terms, the gap has widened by $8,042 since 2009.