What Is The Average Household Income In Naperville?
Naperville is often portrayed as the best suburb in Illinois for better wages and living standards. Just how substantial are individual salaries and the average household income in Naperville? This is the guide to Naperville's earnings and Naperville’s affluence.
What is the Average household income in Naperville?
As of 2021, the median household income in Naperville, Illinois was reported(1) to be $135,772. It's important to note that this figure represents the median income, which is the midpoint where half of the households earn more and half earn less. Median household income is commonly used to indicate the overall economic prosperity within a given area.
Naperville is an affluent suburb with a population of 149,936 in 2022, up by 0.3% from 2020. Average individual Naperville earnings are $56,233, with top earners getting much more. This contributes to an average household income of $135,772, which has grown steadily since 2012.
As you can see, the average earnings for both Naperville individuals and households are quite high. We can look at further census data about Naperville families to better understand these figures. We can also question what this means concerning the area's affluence, living costs, and equality across the board.
The Average Earnings Of Naperville Residents
Naperville residents can enjoy high earnings when working in high-paying industries in the area. Recent data breaks down earnings into the following categories.
Top Earners: $81,932 annually and $6,827 monthly.
75th Percentile: $67,517 annually and $5,626 monthly.
Average: $53,565 annually and $4,463 monthly.
25th Percentile: $39,613 annually and $3,301 monthly.
Another interesting statistic to take note of here is the gender pay gap. Overall, men and women can find themselves high-paying jobs and great roles with Naperville companies. They may even do better here than in other areas in Illinois. The problem is that male professionals here take home an average income that is 1.34 times above that of female workers. This is significant over time and higher than the national average.
For many Naperville residents, it is all about the combined household income rather than personal earnings. Men can maintain that role as the primary breadwinner in what are often traditional family units with 2.75 people per household. Away from the professional earners, there is a significant percentage of 25.2% not contributing to family incomes because of their age, as well as a small retired population of 13.3%.
What Are Some Of The Highest Paying Jobs In Naperville?
The high personal earnings and growing household incomes come from high-paid jobs in growing sectors. Right now, the largest industry in Naperville is Professional, Scientific, & Technical Services, which employs 12,636 people. There are also many people working in Health Care & Social Assistance and Manufacturing. Of the three, Manufacturing pays the best, with an average salary of $108,931.
However, there is more money in the Mining, Quarrying, & Oil & Gas Extraction industry or Management of Companies & Enterprises. These can offer an average of $121,500 and $127,026, respectively.
Is Naperville An Affluent Area?
Yes, more so than newcomers may expect. A report from USA Today from 2020 ranked Naperville as the richest place in the state because of the high earnings and standard of living. There are a few factors we can use to determine affluence. Some of the most notable include the following.
- There are just 4.0% of residents in poverty.
- Only 3.0% are without health insurance
- 96.3% of households have a broadband subscription.
- Most households have more than one car.
However, there are also some downsides to living in this region. Naperville's housing is 144% more expensive than the national average, with the median gross rent currently listed as $1,645. For most people, this isn’t an issue, as 74.6% of residents own their own homes instead. The median value of these properties was $505,000, and in 2020 87.2% of homeowners were still living in the same home as the year before. This suggests that most families are settled and comfortable enough to handle mortgage payments rather than remaining trapped in rental contracts.
Elsewhere, there are other pros and cons in the cost of living in Naperville. Typically, transportation costs are 25% higher than the national average. Luckily, the average commute is only around a half hour, so it won’t get too pricey. Surprisingly, the average energy costs are lower than the national average.
Will Naperville Average Household Incomes Increase?
The final question for those interested in moving to Naperville for better pay is whether the trend will continue. The average earnings have increased gradually year on year over the past decade. With continued investment and job opportunities, it should remain an affluent and profitable place to raise a family.