What is the median household income in Gibson City, IL?
The median household income in Gibson City, IL is $42,955 (±$13,469) a year (2020–2024 American Community Survey).
Paying the median gross rent of $943 a month would take about $37,700 a year at the common guideline of spending no more than 30% of income on rent.
In Gibson City, the median household income went from $44,973 in 2015–2019 to $42,955 in 2020–2024 (−4.5%).
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
- $42,955 (±$13,469)
- Median renter income
- $23,594 (±$7,643)
- Income to afford median rent
- about $37,700
Income in Gibson City against Ford County, its state and the nation
| Gibson City | Ford County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $42,955 (±$13,469) | $62,439 (±$5,373) | $83,390 (±$362) | $80,734 |
| Median renter household income | $23,594 (±$7,643) | $31,349 (±$6,881) | $50,420 (±$471) | $52,966 |
| Median owner household income | $97,292 (±$51,790) | $78,898 (±$6,382) | $103,505 (±$377) | $100,009 |
| Median gross rent | $943 (±$89) | $923 (±$74) | $1,274 (±$5) | $1,413 |
In Gibson City, median household income is lower than in Ford County ($62,439).
It is also lower than in Illinois ($83,390).
It is lower than the national figure ($80,734).
In Ford County, Gibson City ranks 19 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2554 of 2,652.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Gibson City
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $943 a month ($11,316 a year) needs an income of about $37,700 a year.
The median renting household in Gibson City earns $23,594 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $44,973 (±$4,974) | $42,955 (±$13,469) | −4.5% | No measurable change after inflation |
| Median gross rent | $650 (±$56) | $943 (±$89) | +45.1% | Up after inflation |
| Median home value | $100,900 (±$17,970) | $153,800 (±$44,208) | +52.4% | 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 Gibson City
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Gibson City | — | $42,955 (±$13,469) | — |
| Drummer Township | 1.0 mi | $51,497 (±$4,695) | Not measurably different |
| Dix Township | 5.0 mi | $51,016 (±$13,908) | Not measurably different |
| Elliott | 5.4 mi | $51,094 (±$2,375) | Not measurably different |
| Cheney's Grove Township | 7.2 mi | $63,409 (±$9,671) | Higher |
| Sullivant Township | 7.7 mi | $87,000 (±$26,994) | Higher |
| Foosland | 7.8 mi | $81,250 (±$24,500) | Higher |
| Saybrook | 8.2 mi | $52,721 (±$8,126) | Not measurably different |
| Brown Township | 8.3 mi | $91,429 (±$13,488) | Higher |
Nearby places with a measurably higher figure: Cheney's Grove Township, IL ($63,409), Sullivant Township, IL ($87,000), Foosland, IL ($81,250).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Ford County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Drummer Township | $51,497 (±$4,695) |
| 14 | Elliott | $51,094 (±$2,375) |
| 15 | Dix Township | $51,016 (±$13,908) |
| 16 | Cabery | $48,750 (±$31,290) |
| 17 | Brenton Township | $44,375 (±$8,780) |
| 18 | Melvin | $43,958 (±$17,493) |
| 19 | Gibson City | $42,955 (±$13,469) |
| 20 | Piper City | $39,680 (±$5,237) |
Showing 8 of 20 places in Ford 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.
What you can do on Seayora in Gibson City
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Questions about Gibson City
What is the median household income in Gibson City?
The median household income in Gibson City is $42,955 (±$13,469) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Gibson City?
About $37,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $943 a month.
Have incomes in Gibson City kept up with inflation?
In Gibson City, the median household income went from $44,973 in 2015–2019 to $42,955 in 2020–2024 (−4.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Gibson City?
The median renting household in Gibson City, IL earns $23,594 (±$7,643) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Gibson City city, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Gibson City city, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Gibson City city, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Gibson City city, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Gibson City city, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Gibson City city, 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 Gibson City city, Illinois (place:29125, in state:17).
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 Gibson City at a glance
- Median rent in Gibson City
- Rent by bedrooms in Gibson City
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- Renters and owners in Gibson City
- Home values in Gibson City
- Homeowner costs in Gibson City
- Property taxes in Gibson City
- Types of homes in Gibson City
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- Age of homes in Gibson City
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- Population growth in Gibson City
- How long people stay in Gibson City
- Illinois landlord and tenant rules
- Housing across Ford County
- Illinois places ranked by median household income
- Housing data for every place in Illinois