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 | Wilmette | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $185,041 | $82,179 | $78,145 |
| Median Personal Income | $127,935 | $65,365 | $61,726 |
| Average income growth | 4.3% | 4.8% | 5.1% |
| Six-Figure Earners | 38.9% | 14.4% | 13.2% |
The median household income in Wilmette is about 125% higher than in Illinois. Income has been growing slower in Wilmette (4.3%/yr) than in Illinois (4.8%/yr).
About 39% of adults in Wilmette earn six figures ($100,000 or more) a year, higher than the Illinois average of 14%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Wilmette, Illinois grew by 49.0% from 2009 to 2023, reaching $185,041 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Wilmette | Gender Pay Gap | Gini Coefficient
| Metric | Wilmette | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.567 | 0.570 |
| Male Median Income | $136,297 | $72,139 | $67,746 |
| Female Median Income | $107,743 | $58,023 | $54,793 |
| Gender Pay Gap | 21.0% | 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 Wilmette, it is 0.539, 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 27% more than women's income in Wilmette, Illinois. Over a 35-year career, a 27% wage gap accumulates to roughly $999,390 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wilmette, Illinois has narrowed from about 45% to 21% in 2023. In dollar terms, the gap has narrowed by $22,987 since 2009.
Employment
| Metric | Wilmette | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.8% | 5.2% |
| Working from Home | 31.1% | 14.0% | 13.4% |
| Commute time (minutes) | 31 | 23 | 22 |
Approximately 509 people are unemployed in Wilmette, Illinois.
The average commute time in Wilmette is 31 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wilmette, Illinois has risen from 3.7% to 4.5% in 2023.
Conclusion
Considering all these factors, Wilmette, Illinois has an overall wealth index grade of A+, making it far better than Illinois, and far better than the country as a whole.
Wilmette, IL Wealth Compared With Nearby Cities
How Wilmette, IL compares with the 2 cities closest to it.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Wilmette, IL | 23,735 | $185,041 #1/3 | 4.5% #1/3 | 0.5 #1/3 |
| Skokie, IL | 61,912 | $95,468 | 5.0% | 0.6 |
| Evanston, IL | 63,574 | $94,969 | 6.4% | 0.6 |
Frequently Asked Questions
Common questions about income and wealth in Wilmette, Illinois.
How Rich Is Wilmette, Illinois?
Wilmette has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $185,041, about 125% higher than the Illinois average of $82,179.
What is the current median household income in Wilmette, Illinois?
As of 2023, the median household income in Wilmette, Illinois is $185,041.
What was the median household income in Wilmette in 2023?
In 2023, the median household income in Wilmette, Illinois was $185,041.
What was the median household income in Wilmette in 2020?
In 2020, the median household income in Wilmette, Illinois was $153,673.
What is the Gini coefficient in Wilmette, Illinois?
The Gini coefficient in Wilmette is 0.539. 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 Wilmette, Illinois?
Since 2009, the income gap between men and women in Wilmette, Illinois has narrowed from about 45% to 21% in 2023. In dollar terms, the gap has narrowed by $22,987 since 2009.