Springfield, Illinois Income Statistics
Springfield 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
Springfield Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Springfield | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,162 | $84,042 | $80,455 |
| Median Personal Income | $55,803 | $64,565 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.5% | 4.8% |
| Six-Figure Earners | 11.0% | 15.0% | 13.9% |
| $200k+ Households | 7.3% | 13.8% | 13.2% |
The median household income in Springfield is about 26% lower than in Illinois. Income has been growing slower in Springfield (3.3%/yr) than in Illinois (4.5%/yr).
About 11% of adults in Springfield 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 Springfield, Illinois grew by 40.5% from 2009 to 2024, reaching $62,162 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in Springfield
| Metric | Springfield | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.531 | 0.547 | 0.552 |
| Male Median Income | $61,276 | $73,933 | $69,667 |
| Female Median Income | $56,426 | $60,067 | $56,850 |
| Gender Pay Gap | 7.9% | 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 Springfield, it is 0.531, 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 9% more than women's income in Springfield, Illinois. Over a 35-year career, a 9% wage gap accumulates to roughly $169,750 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Springfield, Illinois has narrowed from about 23% to 8% in 2024. Over that period the gap was widest at 23% in 2010, and was narrowest at 5% in 2023. In dollar terms, the gap has narrowed by $5,726 since 2009.
Employment
| Metric | Springfield | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.2% | 5.8% | 5.2% |
| Working from Home | 14.0% | 15.9% | 15.0% |
| Commute time (minutes) | 16 | 23 | 22 |
Approximately 3,460 people are unemployed in Springfield, Illinois.
The average commute time in Springfield is 16 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Springfield, Illinois has fallen from 8.7% to 7.2% in 2024. Over that period the rate peaked at 9.8% in 2013 and fell as low as 6.4% in 2020.
Conclusion
Considering all these factors, Springfield, 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 Springfield, Illinois.
How Rich Is Springfield, Illinois?
Springfield 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 $62,162, about 26% lower than the Illinois average of $84,042.
How fast is household income rising in Springfield, Illinois?
Between 2009 and 2024, the median household income in Springfield, Illinois rose 40%, from $44,250 to $62,162. Over the same years, income here lagged behind Illinois as a whole: +40% against +52%.
What was the median household income in Springfield in 2023?
In 2023, the median household income in Springfield, Illinois was $61,937, up 4% from $59,533 in 2022. The Illinois median that year was $82,182.
What was the median household income in Springfield in 2020?
In 2020, the median household income in Springfield, Illinois was $51,734. By 2024 it had risen 20% to $62,162.
What is the Gini coefficient in Springfield, Illinois?
The Gini coefficient in Springfield is 0.531. 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 Springfield, Illinois?
Since 2009, the income gap between men and women in Springfield, Illinois has narrowed from about 23% to 8% in 2024. Over that period the gap was widest at 23% in 2010, and was narrowest at 5% in 2023. In dollar terms, the gap has narrowed by $5,726 since 2009.
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