Woodford County, Illinois
Income Data
At a Glance
How Woodford County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
See how your household income compares in Woodford County
Your income is above the Woodford County median
County median: $85,629 per year
vs. County Median
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vs. State Average
+25%
vs. National Median
+15%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.