Round Lake Beach, Illinois Income Statistics
Round Lake Beach 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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C
Round Lake Beach Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,947 | $84,042 | $80,455 |
| Median Personal Income | $49,596 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.5% | 4.8% |
| Six-Figure Earners | 7.8% | 15.0% | 13.9% |
| $200k+ Households | 10.2% | 13.8% | 13.2% |
The median household income in Round Lake Beach is about 3% higher than in Illinois. Income has been growing faster in Round Lake Beach (4.9%/yr) than in Illinois (4.5%/yr).
About 8% of adults in Round Lake Beach 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 Round Lake Beach, Illinois grew by 42.0% from 2009 to 2024, reaching $86,947 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Round Lake Beach
| Metric | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.547 | 0.552 |
| Male Median Income | $55,692 | $73,933 | $69,667 |
| Female Median Income | $46,577 | $60,067 | $56,850 |
| Gender Pay Gap | 16.4% | 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 Round Lake Beach, it is 0.534, 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 20% more than women's income in Round Lake Beach, Illinois. Over a 35-year career, a 20% wage gap accumulates to roughly $319,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Round Lake Beach, Illinois has narrowed from about 22% to 16% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 6% in 2012. In dollar terms, the gap has narrowed by $19 since 2009.
Employment
| Metric | Round Lake Beach | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 5.8% | 5.2% |
| Working from Home | 7.0% | 15.9% | 15.0% |
| Commute time (minutes) | 27 | 23 | 22 |
Approximately 912 people are unemployed in Round Lake Beach, Illinois.
The average commute time in Round Lake Beach is 27 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Round Lake Beach, Illinois has fallen from 10.8% to 8.1% in 2024. Over that period the rate peaked at 11.5% in 2012 and fell as low as 4.9% in 2019.
Conclusion
Considering all these factors, Round Lake Beach, 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 Round Lake Beach, Illinois.
How Rich Is Round Lake Beach, Illinois?
Round Lake Beach 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 $86,947, about 3% higher than the Illinois average of $84,042.
How fast is household income rising in Round Lake Beach, Illinois?
Between 2009 and 2024, the median household income in Round Lake Beach, Illinois rose 42%, from $61,247 to $86,947. Over the same years, income here lagged behind Illinois as a whole: +42% against +52%.
What was the median household income in Round Lake Beach in 2023?
In 2023, the median household income in Round Lake Beach, Illinois was $83,984, up 2% from $82,574 in 2022. The Illinois median that year was $82,182.
What was the median household income in Round Lake Beach in 2020?
In 2020, the median household income in Round Lake Beach, Illinois was $74,636. By 2024 it had risen 16% to $86,947.
How strong is the job market in Round Lake Beach, Illinois?
Unemployment in Round Lake Beach, Illinois is 8.1%, well above the Illinois rate of 5.8%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Round Lake Beach, Illinois?
The Gini coefficient in Round Lake Beach is 0.534. 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 Round Lake Beach, Illinois?
Since 2009, the income gap between men and women in Round Lake Beach, Illinois has narrowed from about 22% to 16% in 2024. Over that period the gap was widest at 25% in 2017, and was narrowest at 6% in 2012. In dollar terms, the gap has narrowed by $19 since 2009.
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