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.
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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.
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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.