Schaumburg, Illinois Income Statistics
Updated
Schaumburg 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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B
Schaumburg Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Schaumburg | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $99,871 | $84,042 | $80,455 |
| Median Personal Income | $71,514 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.4% | 4.5% | 4.8% |
| Six-Figure Earners | 19.2% | 15.0% | 13.9% |
| $200k+ Households | 15.6% | 13.8% | 13.2% |
The median household income in Schaumburg is about 19% higher than in Illinois. Income has been growing slower in Schaumburg (3.4%/yr) than in Illinois (4.5%/yr).
About 19% of adults in Schaumburg earn six figures ($100,000 or more) a year, higher than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Schaumburg, Illinois grew by 38.7% from 2009 to 2024, reaching $99,871 in 2024. That's an average of about 3.4% per year.
Schaumburg has stayed well above the U.S. median household income in every year from 2009 to 2024 and has never fallen below it. The gap has narrowed from 41% in 2009 to 24% in 2024, the closest it has been.
Income Distribution in Schaumburg
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 15,375 households (49.9% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 13.1% of households in Schaumburg had an income under $35,000 and 29.1% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Schaumburg has a larger share of households earning $150,000 to $199,999 (13.5% vs 9.5%) and a smaller share earning $25,000 to $34,999 (4.0% vs 6.7%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 1,126 | 3.7% | 5.1% |
| $10,000 to $14,999 | 477 | 1.5% | 3.5% |
| $15,000 to $24,999 | 1,189 | 3.9% | 6.4% |
| $25,000 to $34,999 | 1,230 | 4.0% | 6.7% |
| $35,000 to $49,999 | 2,681 | 8.7% | 10.1% |
| $50,000 to $74,999 | 4,221 | 13.7% | 15.5% |
| $75,000 to $99,999 | 4,497 | 14.6% | 12.6% |
| $100,000 to $149,999 | 6,412 | 20.8% | 17.4% |
| $150,000 to $199,999 | 4,149 | 13.5% | 9.5% |
| $200,000 or more | 4,814 | 15.6% | 13.2% |
Shares are of all 30,795 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 12,083 residents (19.2% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 21.9% of residents who have any income.
In 2024, 12.3% of Schaumburg residents aged 15 and over reported no personal income, 22.3% had some income but less than $25,000, and 30.2% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Schaumburg has a larger share of residents earning $100,000 or more (19.2% vs 13.9%) and a smaller share earning $1 to $9,999 (8.7% vs 11.2%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 7,750 | 12.3% | 12.8% |
| $1 to $9,999 | 5,497 | 8.7% | 11.2% |
| $10,000 to $14,999 | 3,290 | 5.2% | 7.0% |
| $15,000 to $24,999 | 5,238 | 8.3% | 10.5% |
| $25,000 to $34,999 | 4,842 | 7.7% | 9.5% |
| $35,000 to $49,999 | 7,467 | 11.9% | 12.6% |
| $50,000 to $74,999 | 9,842 | 15.6% | 14.3% |
| $75,000 to $99,999 | 6,915 | 11.0% | 8.2% |
| $100,000 or more | 12,083 | 19.2% | 13.9% |
Shares are of the 62,925 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 12.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Schaumburg
| Metric | Schaumburg | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.547 | 0.552 |
| Male Median Income | $84,455 | $73,933 | $69,667 |
| Female Median Income | $67,698 | $60,067 | $56,850 |
| Gender Pay Gap | 19.8% | 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 Schaumburg, it is 0.521, 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 Schaumburg, Illinois. Over a 35-year career, a 25% wage gap accumulates to roughly $586,495 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Schaumburg, Illinois has narrowed from about 26% to 20% in 2024. Over that period the gap was narrowest at 18% in 2022. In dollar terms, the gap has widened by $1,084 since 2009.
Employment
| Metric | Schaumburg | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 5.8% | 5.2% |
| Working from Home | 19.2% | 15.9% | 15.0% |
| Commute time (minutes) | 23 | 23 | 22 |
Approximately 1,576 people are unemployed in Schaumburg, Illinois.
The average commute time in Schaumburg is 23 minutes, about the same as in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Schaumburg, Illinois has fallen from 7.1% to 3.7% in 2024. Over that period the rate peaked at 8.1% in 2013.
Schaumburg has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2022, at 1.1 points lower. The gap has held fairly steady over the period.
Schaumburg, IL Wealth Compared With Nearby Cities
Schaumburg, IL is the largest of the 5 cities compared here, 78,574 residents against a local median of 27,432. Where Schaumburg, IL breaks from the cities next to it is unemployment, sitting 20% below the local median of 4.6% at 3.7%. That is the better end of the local range on this measure.
The cities themselves spread 1.2% on unemployment, so Schaumburg, IL sits at one end of an already wide local range rather than apart from it. Schaumburg, IL has the lowest unemployment of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Schaumburg, IL | 78,574 | $99,871 #3/5 | 3.4%/yr #5/5 | 3.7% #1/5 | 0.521 #1/5 |
| Hoffman Estates, IL | 48,159 | $102,235 | 3.4%/yr | 3.9% | 0.539 |
| Rolling Meadows, IL | 24,014 | $95,351 | 3.9%/yr | 5.1% | 0.526 |
| Hanover Park, IL | 30,659 | $93,488 | 3.5%/yr | 4.4% | 0.554 |
| Bloomingdale, IL | 24,204 | $100,481 | 3.5%/yr | 4.9% | 0.534 |
Conclusion
Considering all these factors, Schaumburg, 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 Schaumburg, Illinois.
How Rich Is Schaumburg, Illinois?
Schaumburg 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 $99,871, about 19% higher than the Illinois average of $84,042.
How has median household income changed in Schaumburg, Illinois?
Between 2009 and 2024, the median household income in Schaumburg, Illinois rose 39%, from $71,991 to $99,871. Over the same years, income here lagged behind Illinois as a whole: +39% against +52%.
What was the median household income in Schaumburg in 2023?
In 2023, the median household income in Schaumburg, Illinois was $97,269, up 2% from $95,627 in 2022. The Illinois median that year was $82,182.
What was the median household income in Schaumburg in 2020?
In 2020, the median household income in Schaumburg, Illinois was $83,962. By 2024 it had risen 19% to $99,871.
Is unemployment high in Schaumburg, Illinois?
Unemployment in Schaumburg, Illinois is only 3.7%, well below the Illinois rate of 5.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Schaumburg, Illinois?
The Gini coefficient in Schaumburg is 0.521. 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 Schaumburg, Illinois?
Since 2009, the income gap between men and women in Schaumburg, Illinois has narrowed from about 26% to 20% in 2024. Over that period the gap was narrowest at 18% in 2022. In dollar terms, the gap has widened by $1,084 since 2009.
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