Urbana, Illinois Income Statistics
Urbana 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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D
Urbana Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Urbana | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,587 | $84,042 | $80,455 |
| Median Personal Income | $46,956 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.5% | 4.8% |
| Six-Figure Earners | 6.2% | 15.0% | 13.9% |
| $200k+ Households | 5.8% | 13.8% | 13.2% |
The median household income in Urbana is about 48% lower than in Illinois. Income has been growing slower in Urbana (4.1%/yr) than in Illinois (4.5%/yr).
About 6% of adults in Urbana 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 Urbana, Illinois grew by 53.7% from 2009 to 2024, reaching $43,587 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Urbana
| Metric | Urbana | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.622 | 0.547 | 0.552 |
| Male Median Income | $54,363 | $73,933 | $69,667 |
| Female Median Income | $49,602 | $60,067 | $56,850 |
| Gender Pay Gap | 8.8% | 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 Urbana, it is 0.622, higher than Illinois's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 10% more than women's income in Urbana, Illinois. Over a 35-year career, a 10% wage gap accumulates to roughly $166,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Urbana, Illinois has narrowed from about 18% to 9% in 2024. Over that period the gap in 2021 women out-earned men by 1%. In dollar terms, the gap has narrowed by $2,703 since 2009.
Employment
| Metric | Urbana | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.8% | 5.2% |
| Working from Home | 17.3% | 15.9% | 15.0% |
| Commute time (minutes) | 13 | 23 | 22 |
Approximately 840 people are unemployed in Urbana, Illinois.
The average commute time in Urbana is 13 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Urbana, Illinois has fallen from 8.6% to 5.1% in 2024.
Urbana, IL Wealth Compared With Nearby Cities
How Urbana, IL compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Urbana, IL | 31,638 | $43,587 #2/2 | 4.1%/yr #1/2 | 5.1% #2/2 | 0.622 #1/2 |
| Champaign, IL | 75,194 | $50,978 | 2.7%/yr | 4.9% | 0.627 |
Conclusion
Considering all these factors, Urbana, Illinois has an overall wealth index grade of D, making it somewhat worse than Illinois, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Urbana, Illinois.
How Wealthy Is Urbana, Illinois?
Urbana has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $43,587, about 48% lower than the Illinois average of $84,042.
Are incomes growing in Urbana, Illinois?
Between 2009 and 2024, the median household income in Urbana, Illinois rose 54%, from $28,350 to $43,587. Over the same years, income here outpaced Illinois as a whole: +54% against +52%.
What was the median household income in Urbana in 2023?
In 2023, the median household income in Urbana, Illinois was $44,077, up 12% from $39,230 in 2022. The Illinois median that year was $82,182.
What was the median household income in Urbana in 2020?
In 2020, the median household income in Urbana, Illinois was $36,249. By 2024 it had risen 20% to $43,587.
What is the Gini coefficient in Urbana, Illinois?
The Gini coefficient in Urbana is 0.622. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Urbana, Illinois?
Since 2009, the income gap between men and women in Urbana, Illinois has narrowed from about 18% to 9% in 2024. Over that period the gap in 2021 women out-earned men by 1%. In dollar terms, the gap has narrowed by $2,703 since 2009.
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