Woodford County, Illinois

Income Data

+25% vs. Illinois average
$85,629
Median Household Income
$43,032
Per Capita Income

At a Glance

Median Household Income
$85,629
+25% vs. state avg
Per Capita Income
$43,032
+9% vs. national
Income-to-Housing Ratio
44.2%
income as % of home value
Rank in Illinois
#11 / 102
by median household income

How Woodford County Compares

Woodford County$85,629
Illinois Average$68,580
National Median$74,755

Detailed Income Statistics

$85,629
Median Household Income
$43,032
Per Capita Income
$193,800
Median Home Value
44.2%
Income-to-Housing Ratio

Data Story

About Household Income in Woodford County, Illinois

Woodford County comfortably exceeds national average

Woodford County's median household income of $85,629 surpasses the U.S. median of $74,755 by $10,874, or 14.6%. This advantage positions residents well above typical American earning power, reflecting the county's strong agricultural and industrial base.

Illinois's second-highest income county

At $85,629, Woodford County ranks second in Illinois, trailing only Will County ($107,799) by $22,170. Per capita income of $43,032 substantially exceeds the state average of $36,009, signaling strong economic vitality across the community.

Clear economic leader among these six counties

Woodford County's $85,629 median outearns Williamson County by $20,108 and Winnebago County by $21,266. Only Will County's $107,799 significantly exceeds Woodford's prosperity.

Excellent balance of income and housing costs

With just 12.7% of household income spent on rent, Woodford County boasts the lowest rent-to-income ratio among these six counties. The median home value of $193,800 remains highly affordable relative to median income, freeing resources for savings and investment.

Maximize tax-advantaged growth strategies

Woodford County's above-average income and exceptional housing affordability create ideal conditions for wealth acceleration. Residents should maximize 401(k) contributions, explore Roth conversions, and consider investment properties or other appreciating assets to build multigenerational wealth.

Frequently Asked Questions

What is the median household income in Woodford County, Illinois?
The median household income in Woodford County, Illinois is $85,629, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Woodford County?
The per capita income in Woodford County is $43,032, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $85,629.
How does Woodford County compare to the Illinois average?
Woodford County's median household income of $85,629 is higher than the Illinois state average of $68,580. The per capita income is $43,032, compared to the state average of $36,009.
What is the per capita income in Woodford County, Illinois?
The per capita income in Woodford County, Illinois is $43,032, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Woodford County income higher than the Illinois average?
Woodford County's median household income of $85,629 is higher than the Illinois average of $68,580. This difference of $17,049 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Woodford County rank for income in Illinois?
Woodford County ranks #11 out of 102 counties in Illinois by median household income (1 = highest). With a median household income of $85,629 and per capita income of $43,032, it falls in the top third of counties statewide.

Income Comparison Calculator

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County median: $85,629 per year

vs. County Median

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vs. State Average

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vs. National Median

+15%

vs. Woodford County MedianAbout equal
vs. Illinois Average25% above
vs. National Median15% above

Income Adequacy

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Your monthly income ($7,136) vs. median rent ($907/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.