Income

Household Income (HHI)

Median HHI - $88,911

With a Median Household Income of $88,911 the Chicago-Kankakee, IL-Gary, IN Market ranks 24th across STI Markets.

Average HHI - $122,982

The Average Household Income is $122,982 for which this market ranks 17th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Chicago-Kankakee, IL-Gary, IN market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - Moderate

The distribution of Household Income in the Chicago-Kankakee, IL-Gary, IN market can be considered Moderate with a Gini coefficient of 0.45. This market ranks 46th in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $78,137 and $142,516, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $72,655

With an Average Household Income for those head of householders aged under 25 of $72,655 the Chicago-Kankakee, IL-Gary, IN market ranks 20th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $130,680

With an Average Household Income for those head of householders aged 25 to 45 of $130,680 the Chicago-Kankakee, IL-Gary, IN market ranks 18th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $137,142

With an Average Household Income for those head of householders aged 45 to 65 of $137,142 the Chicago-Kankakee, IL-Gary, IN market ranks 21st across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $96,257

With an Average Household Income for those head of householders aged 65 and over of $96,257 the Chicago-Kankakee, IL-Gary, IN market ranks 20th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $137,670

With an Average Household Income for those head of householders Non-Hispanic White of $137,670 the Chicago-Kankakee, IL-Gary, IN market ranks 15th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $82,790

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $82,790 the Chicago-Kankakee, IL-Gary, IN market ranks 44th across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $144,993

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $144,993 the Chicago-Kankakee, IL-Gary, IN market ranks 12th across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $120,000

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $120,000 the Chicago-Kankakee, IL-Gary, IN market ranks 15th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $107,881

With an Average Household Income for those head of householders identifying as Hispanic of $107,881 the Chicago-Kankakee, IL-Gary, IN market ranks 19th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $89,666

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $89,666 which ranks 24th across STI Markets.

This is a drop of $33,316, or 27.09%, overall this percentage drop ranks 11th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $62,785

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $62,785 which ranks 26th across STI Markets.

This is a drop of $60,197, or 48.95%, overall this percentage drop ranks 14th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing