What is the median household income in Florence Township (Will County), IL?
The median household income in Florence Township (Will County), IL is $111,935 (±$6,305) a year (2020–2024 American Community Survey).
In Florence Township (Will County), the median household income went from $91,042 in 2015–2019 to $111,935 in 2020–2024 (+22.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $111,935 (±$6,305)
Income in Florence Township (Will County) against Will County, its state and the nation
| Florence Township (Will County) | Will County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $111,935 (±$6,305) | $109,984 (±$1,819) | $83,390 (±$362) | $80,734 |
| Median renter household income | — | $53,701 (±$2,319) | $50,420 (±$471) | $52,966 |
| Median owner household income | $112,202 (±$7,389) | $123,406 (±$1,822) | $103,505 (±$377) | $100,009 |
| Median gross rent | — | $1,462 (±$33) | $1,274 (±$5) | $1,413 |
In Florence Township (Will County), median household income is not measurably different from Will County ($109,984).
It is also higher than in Illinois ($83,390).
It is higher than the national figure ($80,734).
In Will County, Florence Township (Will County) ranks 22 of 57 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 331 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $91,042 (±$22,832) | $111,935 (±$6,305) | +22.9% | No measurable change after inflation |
| Median home value | $225,000 (±$37,798) | $292,600 (±$43,903) | +30.0% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Florence Township (Will County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Florence Township (Will County) | — | $111,935 (±$6,305) | — |
| Symerton | 1.1 mi | $103,542 (±$64,182) | Not measurably different |
| Wilmington (Will County) | 4.6 mi | $66,154 (±$13,029) | Lower |
| Wesley Township | 5.3 mi | $78,031 (±$11,476) | Lower |
| Jackson Township (Will County) | 5.7 mi | $104,292 (±$21,194) | Not measurably different |
| Wilton Township | 5.9 mi | $129,643 (±$48,785) | Not measurably different |
| Wilmington Township | 6.1 mi | $65,202 (±$12,595) | Lower |
| Elwood | 6.4 mi | $86,458 (±$18,533) | Lower |
| Manhattan | 7.7 mi | $128,522 (±$6,368) | Higher |
Nearby places with a measurably lower figure: Wilmington (Will County), IL ($66,154), Wesley Township, IL ($78,031), Wilmington Township, IL ($65,202).
Nearby places with a measurably higher figure: Manhattan, IL ($128,522).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Will County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 16 | Mokena | $123,889 (±$12,879) |
| 17 | Shorewood | $122,105 (±$15,761) |
| 18 | Custer Township | $121,771 (±$18,523) |
| 19 | Channahon | $119,494 (±$10,000) |
| 20 | Will Township | $112,433 (±$19,806) |
| 21 | Lockport | $111,981 (±$8,876) |
| 22 | Florence Township (Will County) | $111,935 (±$6,305) |
| 23 | Troy Township | $109,309 (±$5,814) |
| 24 | Peotone | $108,523 (±$29,508) |
| 25 | Bolingbrook | $108,400 (±$6,252) |
| 26 | Romeoville | $106,325 (±$6,948) |
| 27 | Du Page Township | $104,934 (±$4,920) |
| 28 | Jackson Township (Will County) | $104,292 (±$21,194) |
Showing 13 of 57 places in Will County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Florence Township (Will County)
What is the median household income in Florence Township (Will County)?
The median household income in Florence Township (Will County) is $111,935 (±$6,305) a year (2020–2024 American Community Survey).
Have incomes in Florence Township (Will County) kept up with inflation?
In Florence Township (Will County), the median household income went from $91,042 in 2015–2019 to $111,935 in 2020–2024 (+22.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Florence township, Will County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Florence township, Will County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Florence township, Will County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Florence township, Will County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Florence township, Will County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Florence township, Will County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Florence township, Will County, Illinois (county subdivision:26519, in state:17 county:197).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Florence Township (Will County) at a glance
- Home values in Florence Township (Will County)
- Homeowner costs in Florence Township (Will County)
- Property taxes in Florence Township (Will County)
- Types of homes in Florence Township (Will County)
- Age of homes in Florence Township (Will County)
- Heating fuel in Florence Township (Will County)
- Commute and cars in Florence Township (Will County)
- Illinois landlord and tenant rules
- Housing across Will County
- Illinois places ranked by median household income
- Housing data for every place in Illinois