WHO’S MAKING THE MOST MONEY?
December 24th, 2007 by moniesBut it also takes us longer to get to work, we spend more of our money on housing, and we need more care for young children because in more households both parents are working.
The first up-close look at how Chicagoans live was released by the census Tuesday.
The Chicago area’s median household income was $51,680. Adjusted for inflation that’s an increase of 12 percent from the 1990 census. The state’s highest median income was in Kenilworth, where half the households reported making more than $200,001.
Some 29 suburbs had median family incomes of more than $100,000. Ten years ago, only 13 suburbs could make that claim.
Adjusted for inflation, north suburban Bannockburn saw a 127.9 percent increase in median household income–the highest increase in the region. Newly suburbanized towns on the edges of the Chicago area, such as Lake County’s Hainesville, saw the upside of sprawl by registering increases in household income as high as 75 percent.
DuPage County remained the wealthiest county in the state with a median household income of $67,887.
Median home values in the Chicago area also increased to $166,200, a 16 percent jump when adjusted for inflation compared with 10 years ago.
* Details, Pages 6-8
Author: Mark Skertic
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