Income

Household Income (HHI)

Median HHI - $74,757

With a Median Household Income of $74,757 the Springfield-Decatur, IL Market ranks 94th across STI Markets.

Average HHI - $97,603

The Average Household Income is $97,603 for which this market ranks 106th.

Income Distribution

Figure 37: Income Distribution

Income Distribtuion Line

Below the multi-colored line represents the same data for household income in the Springfield-Decatur, IL market, but more equally lays out the distribution of population versus the income level, correcting for differences in size of income ranges. You will also notice that after 200k the income ranges are scaled down so the focus is more centered on the more numerous Households making under 200k. The black line represents the National Income Distribution for comparison.

Figure 38: Income Distribution Line

Income Inequality - Moderate

The distribution of Household Income in the Springfield-Decatur, IL market can be considered Moderate with a Gini coefficient of 0.442. This market ranks 92nd in Household Income Inequality across all STI Markets.

Average Household Income by Census Tract

The interquartile range of Average Household Income across the market’s Census Tracts, that is its 25th percentile and 75th percentile values, are $71,602 and $105,924, respectively.

Figure 39: Household Income Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 40: Income Distribution Line

HHI Age under 25 - $59,165

With an Average Household Income for those head of householders aged under 25 of $59,165 the Springfield-Decatur, IL market ranks 105th across STI Markets.

Figure 41: HHI 00to25 Thematic

HHI Age 25 to 45 - $101,479

With an Average Household Income for those head of householders aged 25 to 45 of $101,479 the Springfield-Decatur, IL market ranks 116th across STI Markets.

Figure 42: HHI 25to45 Thematic

HHI Age 45 to 65 - $109,851

With an Average Household Income for those head of householders aged 45 to 65 of $109,851 the Springfield-Decatur, IL market ranks 115th across STI Markets.

Figure 43: HHI 45to65 Thematic

HHI Age 65 plus - $83,661

With an Average Household Income for those head of householders aged 65 and over of $83,661 the Springfield-Decatur, IL market ranks 84th across STI Markets.

Figure 44: HHI 65over Thematic

HH Income by Age of Head of Householder

Distribtion Comaprison

Figure 45: Income Distribution Line

HHI White - $101,158

With an Average Household Income for those head of householders Non-Hispanic White of $101,158 the Springfield-Decatur, IL market ranks 117th across STI Markets.

Figure 46: HHI white Thematic

HHI Black - $59,929

With an Average Household Income for those head of householders identifying as Non-Hispanic Black of $59,929 the Springfield-Decatur, IL market ranks 152nd across STI Markets.

Figure 47: HHI black Thematic

HHI Asian - $131,622

With an Average Household Income for those head of householders identifying as Non-Hispanic Asian of $131,622 the Springfield-Decatur, IL market ranks 52nd across STI Markets.

Figure 48: HHI asian Thematic

HHI Other - $88,540

With an Average Household Income for those head of householders identifying as Non-Hispanic Other of $88,540 the Springfield-Decatur, IL market ranks 116th across STI Markets.

Figure 49: HHI other Thematic

HHI Hispanic - $94,745

With an Average Household Income for those head of householders identifying as Hispanic of $94,745 the Springfield-Decatur, IL market ranks 78th across STI Markets.

Figure 50: HHI hispanic Thematic

Disposible Income - $76,650

Disposable income is defined here as Household Income after accounting for Federal, State, and Local taxes. The Average Household Disposable Income is $76,650 which ranks 114th across STI Markets.

This is a drop of $20,953, or 21.47%, overall this percentage drop ranks 84th across STI Markets.

Figure 51: Disposible Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Discretionary Income - $58,377

Discretionary income goes a step further. It takes Disposable Income, which already accounts for taxes, and accounts for the typical cost of Food, Housing, and Clothing. The Average Household Discretionary Income is $58,377 which ranks 108th across STI Markets.

This is a drop of $39,226, or 40.19%, overall this percentage drop ranks 105th across STI Markets.

Figure 52: Discretionary Income VS HH Income

Purple = 15% decrease, Blue = 25% decrease, Green = 35% decrease, Orange = 45% decrease, Red = 55% decrease

Labor

Housing