What is the median household income in Wallace Township, IL?
The median household income in Wallace Township, IL is $102,917 (±$49,665) a year (2020–2024 American Community Survey).
In Wallace Township, the median household income went from $95,536 in 2015–2019 to $102,917 in 2020–2024 (+7.7%).
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
- $102,917 (±$49,665)
Income in Wallace Township against LaSalle County, its state and the nation
| Wallace Township | LaSalle County | Illinois | United States | |
|---|---|---|---|---|
| Median household income | $102,917 (±$49,665) | $73,045 (±$2,890) | $83,390 (±$362) | $80,734 |
| Median renter household income | — | $39,487 (±$2,685) | $50,420 (±$471) | $52,966 |
| Median owner household income | $103,542 (±$54,823) | $85,684 (±$1,902) | $103,505 (±$377) | $100,009 |
| Median gross rent | — | $928 (±$24) | $1,274 (±$5) | $1,413 |
In Wallace Township, median household income is not measurably different from LaSalle County ($73,045).
It is not measurably different from Illinois ($83,390).
It is not measurably different from the national figure ($80,734).
In LaSalle County, Wallace Township ranks 10 of 61 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 486 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 | $95,536 (±$16,929) | $102,917 (±$49,665) | +7.7% | No measurable change after inflation |
| Median home value | $192,900 (±$40,513) | $249,600 (±$76,871) | +29.4% | 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 Wallace Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Wallace Township | — | $102,917 (±$49,665) | — |
| Dayton Township | 3.8 mi | $76,042 (±$23,254) | Not measurably different |
| Ottawa Township | 4.8 mi | $70,008 (±$9,203) | Not measurably different |
| Ottawa | 5.4 mi | $71,413 (±$9,059) | Not measurably different |
| Freedom Township (LaSalle County) | 5.6 mi | $121,042 (±$22,420) | Not measurably different |
| Waltham Township | 5.6 mi | $82,321 (±$19,449) | Not measurably different |
| Naplate | 6.0 mi | $71,875 (±$14,347) | Not measurably different |
| Rutland Township (LaSalle County) | 7.0 mi | $91,406 (±$7,574) | Not measurably different |
| Utica Township | 7.3 mi | $113,060 (±$5,976) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across LaSalle County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 4 | Lake Holiday | $107,875 (±$13,789) |
| 5 | Fall River Township | $105,859 (±$19,022) |
| 6 | Serena Township | $104,236 (±$17,352) |
| 7 | North Utica | $104,028 (±$13,758) |
| 8 | Northville Township | $103,819 (±$15,382) |
| 9 | Miller Township | $102,963 (±$31,747) |
| 10 | Wallace Township | $102,917 (±$49,665) |
| 11 | Meriden Township | $100,455 (±$33,892) |
| 12 | Hope Township | $95,625 (±$27,897) |
| 13 | Allen Township | $92,500 (±$22,675) |
| 14 | Deer Park Township | $91,429 (±$15,725) |
| 15 | Rutland Township (LaSalle County) | $91,406 (±$7,574) |
| 16 | Richland Township (LaSalle County) | $90,500 (±$42,265) |
Showing 13 of 61 places in LaSalle 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 Wallace Township
What is the median household income in Wallace Township?
The median household income in Wallace Township is $102,917 (±$49,665) a year (2020–2024 American Community Survey).
Have incomes in Wallace Township kept up with inflation?
In Wallace Township, the median household income went from $95,536 in 2015–2019 to $102,917 in 2020–2024 (+7.7%).
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 — Wallace township, LaSalle County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Wallace township, LaSalle County, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wallace township, LaSalle County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Wallace township, LaSalle County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Wallace township, LaSalle County, Illinois
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Wallace township, LaSalle 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 Wallace township, LaSalle County, Illinois (county subdivision:78487, in state:17 county:099).
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 Wallace Township at a glance
- Home values in Wallace Township
- Homeowner costs in Wallace Township
- Property taxes in Wallace Township
- Types of homes in Wallace Township
- Age of homes in Wallace Township
- Heating fuel in Wallace Township
- Commute and cars in Wallace Township
- Illinois landlord and tenant rules
- Housing across LaSalle County
- Illinois places ranked by median household income
- Housing data for every place in Illinois