Household income in Chicago nearly $7,000 less than national average
BY ART GOLAB Staff Reporter September 20, 2012 7:38AM
Updated: September 20, 2012 7:58AM
The median household income of Chicagoans was $43,628 in 2011 — nearly $7,000 less than the national figure of $50,502 according to new Census Bureau estimates released Thursday.
Among Illinois cities with populations of 65,000 or more, Chicago ranked 13th in median household income. Naperville, at $110,131, had the highest and Champaign, at $32,965, the lowest.
Income numbers for Chicago showed a decline from the previous year, but it did not exceed the estimate’s margin of error.
Chicago is also slightly less educated than the nation as a whole, with 80.7 percent of adults having completed high school or more, compared with 85.9 percent for the entire U.S.
However home values were higher than the rest of the country, with Chicago’s median value coming in at $228,300, compared to $173,600 nationwide.
The estimates are part of the Census Bureau’s American Community Survey, which asks questions that used to be on the discontinued long form of the decennial census.