Wealth Index
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 | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $96,838 | $82,179 | $78,145 |
| Median Personal Income | $57,251 | $65,365 | $61,726 |
| Average income growth | 4.0% | 4.8% | 5.1% |
| Six-Figure Earners | 10.8% | 14.4% | 13.2% |
The median household income in Streamwood is about 18% higher than in Illinois. Income has been growing slower in Streamwood (4.0%/yr) than in Illinois (4.8%/yr).
About 11% of adults in Streamwood 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 Streamwood, Illinois grew by 42.9% from 2009 to 2023, reaching $96,838 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Streamwood | Gender Pay Gap | Gini Coefficient
| Metric | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.536 | 0.567 | 0.570 |
| Male Median Income | $60,328 | $72,139 | $67,746 |
| Female Median Income | $54,051 | $58,023 | $54,793 |
| Gender Pay Gap | 10.4% | 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 Streamwood, it is 0.536, 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 Streamwood, Illinois. Over a 35-year career, a 12% wage gap accumulates to roughly $219,695 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Streamwood, Illinois has narrowed from about 15% to 10% in 2023. In dollar terms, the gap has narrowed by $433 since 2009.
Employment
| Metric | Streamwood | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 5.8% | 5.2% |
| Working from Home | 10.3% | 14.0% | 13.4% |
| Commute time (minutes) | 25 | 23 | 22 |
Approximately 705 people are unemployed in Streamwood, Illinois.
The average commute time in Streamwood is 25 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Streamwood, Illinois has fallen from 9.0% to 3.3% in 2023.
Conclusion
Considering all these factors, Streamwood, Illinois has an overall wealth index grade of B, making it somewhat better than Illinois, and somewhat better than the country as a whole.
Streamwood, IL Wealth Compared With Nearby Cities
Streamwood, IL is typical in size for this group, 37,804 residents against a local median of 39,801, so the measures below are close to a like for like comparison. Nothing separates Streamwood, IL sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is unemployment, 14% below the local median at 3.3% against 3.8%. Streamwood, IL has the 2nd lowest unemployment of the 5 areas compared here.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Streamwood, IL | 37,804 | $96,838 #4/5 | 3.3% #2/5 | 0.5 #2/5 |
| Bartlett, IL | 33,195 | $126,756 | 2.8% | 0.5 |
| Hanover Park, IL | 29,338 | $93,347 | 4.1% | 0.5 |
| Hoffman Estates, IL | 46,407 | $101,953 | 3.7% | 0.6 |
| Schaumburg, IL | 75,461 | $97,260 | 4.0% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Streamwood, Illinois.
How Rich Is Streamwood, Illinois?
Streamwood 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 $96,838, about 18% higher than the Illinois average of $82,179.
What is the current median household income in Streamwood, Illinois?
As of 2023, the median household income in Streamwood, Illinois is $96,838.
What was the median household income in Streamwood in 2023?
In 2023, the median household income in Streamwood, Illinois was $96,838.
What was the median household income in Streamwood in 2020?
In 2020, the median household income in Streamwood, Illinois was $81,784.
What is the Gini coefficient in Streamwood, Illinois?
The Gini coefficient in Streamwood is 0.536. 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 Streamwood, Illinois?
Since 2009, the income gap between men and women in Streamwood, Illinois has narrowed from about 15% to 10% in 2023. In dollar terms, the gap has narrowed by $433 since 2009.