Quincy, Illinois Income Statistics
Quincy 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
Quincy Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Quincy | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,511 | $84,042 | $80,455 |
| Median Personal Income | $46,402 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.5% | 4.8% |
| Six-Figure Earners | 6.8% | 15.0% | 13.9% |
| $200k+ Households | 5.1% | 13.8% | 13.2% |
The median household income in Quincy is about 33% lower than in Illinois. Income has been growing slower in Quincy (3.8%/yr) than in Illinois (4.5%/yr).
About 7% of adults in Quincy 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 Quincy, Illinois grew by 46.9% from 2009 to 2024, reaching $56,511 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Quincy
| Metric | Quincy | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.547 | 0.552 |
| Male Median Income | $54,505 | $73,933 | $69,667 |
| Female Median Income | $43,535 | $60,067 | $56,850 |
| Gender Pay Gap | 20.1% | 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 Quincy, it is 0.517, 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 25% more than women's income in Quincy, Illinois. Over a 35-year career, a 25% wage gap accumulates to roughly $383,950 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Quincy, Illinois has narrowed from about 27% to 20% in 2024. Over that period the gap was narrowest at 15% in 2016. In dollar terms, the gap has widened by $690 since 2009.
Employment
| Metric | Quincy | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.8% | 5.2% |
| Working from Home | 7.7% | 15.9% | 15.0% |
| Commute time (minutes) | 11 | 23 | 22 |
Approximately 854 people are unemployed in Quincy, Illinois.
The average commute time in Quincy is 11 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Quincy, Illinois has fallen from 7.2% to 5.1% in 2024. Over that period the rate peaked at 9.0% in 2013 and fell as low as 4.5% in 2023.
Conclusion
Considering all these factors, Quincy, 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 Quincy, Illinois.
How Rich Is Quincy, Illinois?
Quincy 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 $56,511, about 33% lower than the Illinois average of $84,042.
How fast is household income rising in Quincy, Illinois?
Between 2009 and 2024, the median household income in Quincy, Illinois rose 47%, from $38,459 to $56,511. Over the same years, income here lagged behind Illinois as a whole: +47% against +52%.
What was the median household income in Quincy in 2023?
In 2023, the median household income in Quincy, Illinois was $56,005, up 2% from $54,719 in 2022. The Illinois median that year was $82,182.
What was the median household income in Quincy in 2020?
In 2020, the median household income in Quincy, Illinois was $47,333. By 2024 it had risen 19% to $56,511.
What is the Gini coefficient in Quincy, Illinois?
The Gini coefficient in Quincy is 0.517. 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 Quincy, Illinois?
Since 2009, the income gap between men and women in Quincy, Illinois has narrowed from about 27% to 20% in 2024. Over that period the gap was narrowest at 15% in 2016. In dollar terms, the gap has widened by $690 since 2009.
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