Woodford County, Illinois Income Statistics
Woodford County Wealth Score
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.
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B
Woodford County Around averageWealthier than 92% of counties in Illinois
Source: Map AI Methodology
Income Statistics Overview
| Metric | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,853 | $84,042 | $80,455 |
| Median Personal Income | $68,448 | $64,565 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.5% | 4.8% |
| Six-Figure Earners | 14.4% | 15.0% | 13.9% |
| $200k+ Households | 12.8% | 13.8% | 13.2% |
The median household income in Woodford County is about 10% higher than in Illinois. Income has been growing slower in Woodford County (4.1%/yr) than in Illinois (4.5%/yr).
About 14% of adults in Woodford County 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 Woodford County, Illinois grew by 46.1% from 2009 to 2024, reaching $92,853 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Woodford County
| Metric | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.547 | 0.552 |
| Male Median Income | $82,657 | $73,933 | $69,667 |
| Female Median Income | $56,893 | $60,067 | $56,850 |
| Gender Pay Gap | 31.2% | 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 Woodford County, it is 0.520, 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 45% more than women's income in Woodford County, Illinois. Over a 35-year career, a 45% wage gap accumulates to roughly $901,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Woodford County, Illinois has narrowed from about 37% to 31% in 2024. Over that period the gap was narrowest at 26% in 2013. In dollar terms, the gap has widened by $4,536 since 2009.
Employment
| Metric | Woodford County | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.8% | 5.2% |
| Working from Home | 11.5% | 15.9% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 671 people are unemployed in Woodford County, Illinois.
The average commute time in Woodford County is 22 minutes, shorter than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Woodford County, Illinois has fallen from 5.5% to 3.5% in 2024. Over that period the rate peaked at 6.5% in 2014 and fell as low as 3.0% in 2023.
Woodford County, IL Wealth Compared With Nearby Counties
Woodford County, IL is the 4th largest of the 6 counties compared here, 38,283 residents against a local median of 130,271. Where Woodford County, IL breaks from the counties next to it is income growth, sitting 29% above the local median of 3.2%/yr at 4.1%/yr. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $92,853 against a local median of $75,455, 23% above it. Every measure here with a clear better direction points the same way, so Woodford County, IL is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 1.2%/yr on income growth, so Woodford County, IL sits at one end of an already wide local range rather than apart from it. Woodford County, IL has the highest income growth of the 6 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. |
|---|---|---|---|---|---|
| Woodford County, IL | 38,283 | $92,853 #1/6 | 4.1%/yr #1/6 | 3.5% #2/6 | 0.520 #2/6 |
| Marshall County, IL | 11,645 | $71,225 | 3.3%/yr | 3.8% | 0.525 |
| Tazewell County, IL | 130,271 | $77,722 | 3.3%/yr | 3.6% | 0.517 |
| Putnam County, IL | 5,598 | $75,455 | 2.1%/yr | 4.2% | 0.523 |
| McLean County, IL | 171,556 | $79,591 | 2.8%/yr | 3.1% | 0.556 |
| Peoria County, IL | 179,437 | $66,474 | 3.2%/yr | 6.2% | 0.549 |
Conclusion
Considering all these factors, Woodford County, 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 Woodford County, Illinois.
How Rich Is Woodford County, Illinois?
Woodford County 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 $92,853, about 10% higher than the Illinois average of $84,042.
How fast is household income rising in Woodford County, Illinois?
Between 2009 and 2024, the median household income in Woodford County, Illinois rose 46%, from $63,572 to $92,853. Over the same years, income here lagged behind Illinois as a whole: +46% against +52%.
What was the median household income in Woodford County in 2023?
In 2023, the median household income in Woodford County, Illinois was $87,572, up 8% from $81,186 in 2022. The Illinois median that year was $82,182.
What was the median household income in Woodford County in 2020?
In 2020, the median household income in Woodford County, Illinois was $74,789. By 2024 it had risen 24% to $92,853.
Is it hard to find a job in Woodford County, Illinois?
Unemployment in Woodford County, Illinois is only 3.5%, 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 Woodford County, Illinois?
The Gini coefficient in Woodford County is 0.520. 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 Woodford County, Illinois?
Since 2009, the income gap between men and women in Woodford County, Illinois has narrowed from about 37% to 31% in 2024. Over that period the gap was narrowest at 26% in 2013. In dollar terms, the gap has widened by $4,536 since 2009.
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