Wealth Index
Wealthier than 87% 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 | Sangamon County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,013 | $82,179 | $78,145 |
| Median Personal Income | $61,411 | $65,365 | $61,726 |
| Average income growth | 3.8% | 4.8% | 5.1% |
| Six-Figure Earners | 12.0% | 14.4% | 13.2% |
The median household income in Sangamon County is about 10% lower than in Illinois. Income has been growing slower in Sangamon County (3.8%/yr) than in Illinois (4.8%/yr).
About 12% of adults in Sangamon 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 Sangamon County, Illinois grew by 45.6% from 2009 to 2023, reaching $74,013 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Sangamon County | Gender Pay Gap | Gini Coefficient
| Metric | Sangamon County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.567 | 0.570 |
| Male Median Income | $64,583 | $72,139 | $67,746 |
| Female Median Income | $57,798 | $58,023 | $54,793 |
| Gender Pay Gap | 10.5% | 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 Sangamon County, it is 0.535, lower than Illinois's 0.567, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 12% more than women's income in Sangamon County, Illinois. Over a 35-year career, a 12% wage gap accumulates to roughly $237,475 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sangamon County, Illinois has narrowed from about 23% to 11% in 2023. In dollar terms, the gap has narrowed by $4,576 since 2009.
Employment
| Metric | Sangamon County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 5.8% | 5.2% |
| Working from Home | 12.0% | 14.0% | 13.4% |
| Commute time (minutes) | 17 | 23 | 22 |
Approximately 5,298 people are unemployed in Sangamon County, Illinois.
The average commute time in Sangamon County is 17 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sangamon County, Illinois has fallen from 7.5% to 5.5% in 2023.
Conclusion
Considering all these factors, Sangamon County, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sangamon County, Illinois.
How Rich Is Sangamon County, Illinois?
Sangamon County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $74,013, about 10% lower than the Illinois average of $82,179.
What is the current median household income in Sangamon County, Illinois?
As of 2023, the median household income in Sangamon County, Illinois is $74,013.
What was the median household income in Sangamon County in 2023?
In 2023, the median household income in Sangamon County, Illinois was $74,013.
What was the median household income in Sangamon County in 2020?
In 2020, the median household income in Sangamon County, Illinois was $62,310.
What is the Gini coefficient in Sangamon County, Illinois?
The Gini coefficient in Sangamon County is 0.535. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Sangamon County, Illinois?
Since 2009, the income gap between men and women in Sangamon County, Illinois has narrowed from about 23% to 11% in 2023. In dollar terms, the gap has narrowed by $4,576 since 2009.