Carroll County, Illinois
Income Data
At a Glance
How Carroll County Compares
Detailed Income Statistics
Data Story
About Household Income in Carroll County, Illinois
Carroll trails national income significantly
Carroll County's median household income of $60,871 falls 18% short of the national median of $74,755, positioning it among lower-earning U.S. counties. This substantial gap reflects limited economic dynamism and earning potential.
Lower tier in Illinois
Carroll County ranks in the lower third of Illinois counties with a median household income of $60,871, trailing the state average of $68,580 by $7,709. Per capita income of $32,921 also lags the state's $36,009 average, indicating constrained individual earning capacity.
Among the county's lower earners
Carroll County's $60,871 income ranks second-lowest in this eight-county comparison, ahead of only Alexander County's $43,523. Even modest performers like Bond County ($61,603) marginally exceed Carroll, reflecting the county's economic challenges.
Tight housing affordability
At 15.5%, Carroll County's rent-to-income ratio is the highest in this dataset, indicating housing costs strain household budgets. The median home value of $113,500 is the lowest among comparable counties, reflecting limited property values and appreciation potential.
Strategic investing despite constraints
Carroll County households earning $60,871 must carefully manage budgets before investing, prioritizing emergency savings and debt reduction. Once housing and basic needs are secured, even modest contributions to retirement accounts and low-cost index funds can compound meaningfully over decades.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Carroll County median
County median: $60,871 per year
vs. County Median
+0%
vs. State Average
-11%
vs. National Median
-19%
Income Adequacy
Your monthly income ($5,073) vs. median rent ($784/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.