Illinois
Do you live in one of Illinois’ wealthiest counties? Here are the top 10 in the state
A recent study from financial techology company SmartAsset aggregated the 10 wealthiest counties in Illinois, ranking them state and nationwide.
The study compared median income, property value and investment income to give each county a “wealth index score,” ranking each accordingly.
Woodford County came in at 13th statewide, with other nearby counties falling lower on the list. Take a look at SmartAsset’s findings about wealth in Illinois and local counties.
What are the top 10 wealthiest counties in IL?
SmartAsset data is based on median income, investment income, median home value and wealth index. The top 10 counties in Illinois are:
- Lake County ($104,553)($144,643)($353,559)(35.31)
- DuPage County ($107,035)($72,712)($401,641)(34.06)
- Kendall County ($106,358)($26,804)($360,529)(31.64)
- Will County ($103,678)($35,444)($339,705)(31.00)
- McHenry County ($100,101)($61,544)($333,572)(30.99)
- Kane County ($96,400)($49,121)($343,964)(29.82)
- Monroe County ($100,685)($34,250)($296,096)(29.59)
- Cook County ($78,304)($116,986)($306,108)($27.38)
- Grundy County ($89,993)($39,720)($290,793)(27.17)
- Boone County ($80,502)($44,572)($250,642)(24.48)
Illinois’ median income is $62,930. The average investment income is $29,748, and the median home value is $151,016.
Where do local counties rank on the list?
Woodford County earned the highest spot in the Peoria area, coming in at No. 13 in the statewide rank. SmartAsset lists the median income as $80,093, the median home value at $198,874 and the investment income as $33,976. Woodford is the No. 712 wealthiest county nationwide.
McLean County ranked just below at 15th in the state with a median income of $75,356. The county reported a median home value of $75,356 with an investment income of $34,164. McLean’s national rank is 786.
Tazewell County took the No. 22 spot on the list. The county reported a median income of $74,606, a median home value of $167,019 and an investment income of 31,594. Tazewell County ranks No. 1,014 nationally.
Peoria County ranked No. 28 on the list, with a median income of $63,409. Peoria reported its median home value as $143,026, and an investment income of $82,322. Peoria falls at No. 1,262 nationally.
What lllinois county has the highest median income?
DuPage County, which holds the No. 2 spot for overall wealth, was reported to have the highest median income at $107,035.
Kendall County, beating its No. 3 spot in overall wealth, had the second highest median income at $106,358. While Lake County ranked as the wealthiest county overall, it had the third-highest median income of $104,553.
Spanning all counties, the overall median income is $62,930.
What Illinois county has the highest investment income?
Lake County was the IL county with the highest investment income, sitting at $144,643.
Cook County, eighth in overall wealth, was second on the list with an investment income of $116,986.
Despite charting at No. 28 in the list for overall wealth, Peoria County had the third highest investment income at $82,322.
What Illinois county has the highest median home value?
DuPage County scored first on the list, with a median home value of $401,641. Coming in second was Kendall County, with a median home value of $360,529, and in third Lake County with a value of $353,559.
What Illinois county had the lowest ranking in wealth?
With a median income of $40,365, Alexander County ranked last out of Illinois’ 102 counties. Alexander County’s median home value is $40,082, with an average investment income of $15,656. The county ranked No. 3,034 nationally.
CHICAGO (WLS) — Governor Pritzker signed an executive order declaring an agricultural trade crisis in Illinois on Wednesday.
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“This order directs our state agencies to take immediate action, promoting domestic markets for agricultural commodities and expanding health resources for our rural communities,” Pritzker said.
Before the scheduled signing, Pritzker visited the Curtin Family Farm in Taylorville, Illinois.
His office said he joined farmers to discuss how Trump tariffs are impacting the Illinois farming community.
The executive order signing was expected to gin at 10:30 a.m.
READ ALSO | Pritzker creates ‘Illinois Accountability Commission’ in executive order amid federal deployments
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ILLINOIS – Illinois has joined 25 other states in suing the Trump administration over its decision to suspend Supplemental Nutrition Assistance Program (SNAP) benefits amid the ongoing federal government shutdown.
The shutdown began Oct. 1 after lawmakers failed to reach a funding agreement.
What we know:
Illinois Attorney General Kwame Raoul announced Tuesday that he joined a coalition of 26 attorneys general and governors in filing the lawsuit against the U.S. Department of Agriculture and Secretary Brooke Rollins. The suit accuses the agency of unlawfully suspending SNAP, which helps more than 40 million Americans buy food.
While the federal government funds and sets the monthly allotment for SNAP benefits, states are responsible for administering the program.
On Oct. 10, the USDA warned state SNAP agencies that if the shutdown continued, it would not have sufficient funds to pay full November benefits.
Two weeks later, on Oct. 24, the agency notified states that SNAP benefits would be suspended beginning Nov. 1, according to Raoul.
The lawsuit argues that the USDA’s claim of insufficient funds is false, noting the agency has access to billions in SNAP-specific contingency funds. It also claims the USDA has used emergency funds to support other programs during the shutdown but “has refused to fund SNAP.”
According to the filing, the suspension of benefits is “contrary to law and arbitrary and capricious under the Administrative Procedure Act.” The coalition also argues the USDA lacks authority to halt SNAP payments because Congress has already appropriated funding for the program.
The full lawsuit can be viewed below.
What’s next:
Raoul said he and other attorneys general plan to seek a temporary restraining order requiring the court to immediately restore SNAP benefits.
The lawsuit was also joined by the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Hawaii, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, Vermont, Washington and Wisconsin.
Governors from Kansas, Kentucky and Pennsylvania also signed on to the complaint.
The Source: The information in this article was provided by the Illinois Attorney General.
Illinois
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