This indicator measures change in mean household income since 2006 by quintile in the Chicago metropolitan statistical area. The degree to which regional prosperity is shared among all segments of the population drives long-term economic success of regional economies. To meet its potential, the region's economy requires opportunities for all residents to contribute to and benefit from its growth. Promoting an inclusive model of economic growth can improve outcomes for lower-quintile households and increase the size of the overall economy.
Note about 2020 data: Due to data quality concerns arising from the COVID-19 pandemic, the Census Bureau will not publish 1-year ACS summary tables for 2020. To obtain a 2020 estimate, CMAP instead used the 2020 ACS 1-Year Public Use Microdata Sample with Experimental Weights. Since this data is only available for Public Use Microdata Areas (PUMAs), the 2020 estimate represents the closest possible approximation of the Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area (MSA): the Illinois and Wisconsin portions are accurately represented, but the Indiana counties of Jasper and Newton were omitted because they share a PUMA with the slightly more populous counties of Fulton, Pulaski and Starke, which are not part of the MSA.
| Header | Definition |
|---|---|
YEAR |
Year of observation |
MEAN_INC_REL2006_QUINT1 |
Inflation-adjusted mean household income factor relative to 2006 for households in the lowest income quintile (1st-20th percentiles). Mean household income in 2006 was $12,594 for this quintile. |
MEAN_INC_REL2006_QUINT2 |
Inflation-adjusted mean household income factor relative to 2006 for households in the second-lowest income quintile (21st-40th percentiles). Mean household income in 2006 was $34,594 for this quintile. |
MEAN_INC_REL2006_QUINT3 |
Inflation-adjusted mean household income factor relative to 2006 for households in the middle income quintile (41st-60th percentiles). Mean household income in 2006 was $57,316 for this quintile. |
MEAN_INC_REL2006_QUINT4 |
Inflation-adjusted mean household income factor relative to 2006 for households in the second-highest income quintile (61st-80th percentiles). Mean household income in 2006 was $86,906 for this quintile. |
MEAN_INC_REL2006_QUINT5 |
Inflation-adjusted mean household income factor relative to 2006 for households in the highest income quintile (81st-100th percentiles). Mean household income in 2006 was $190,120 for this quintile. |
ACTUAL_OR_TARGET |
Actual if the record is from observed data; Target if it is an ON TO 2050 target |
Source: CMAP analysis of data from the U.S. Census Bureau’s American Community Survey (ACS)
Geography: Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area