Economy, jobs and prices in Illinois, United States: official figures
The economy of Illinois (gross domestic product) was worth $1.24 trillion in 2025 at current prices, 4.0% of the US total of $30.86 trillion; 5th largest of 51. In current dollars it was up 5.5% on 2024.
How fast is the economy of Illinois growing?
After adjusting for inflation, real GDP in Illinois grew 2.6% in 2025, against 2.3% for the United States; 14th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Illinois?
Dividing 2025 GDP by the Census Bureau's population estimate gives $97,568 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 11th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Illinois growing or shrinking?
In the second quarter of 2026, real GDP in Illinois grew at an annual rate of 2.1% (United States: 2.2%); tied for 20th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Illinois?
In 2025 the largest private industry in Illinois' economy was real estate, rental and leasing (12.8% of GDP), followed by manufacturing (11.3%) and finance and insurance (11.0%). Government accounted for 8.9%; the manufacturing share was 16th highest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Illinois spend?
Consumer spending (personal consumption expenditures) in Illinois came to $63,730 per person in 2025 (United States: $61,062); 14th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Illinois expensive to live in?
Prices in Illinois were 0.0% below the national average in 2024, by BEA's regional price parity of 100.0 (US = 100), which covers goods, services and housing; 19th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Illinois?
Prices in Illinois rose 3.9% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Illinois?
Personal income per person in Illinois was $78,987 in 2025, against $77,028 for the United States; 15th highest of 51. It was up 4.6% on 2024 and up 28.2% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Illinois?
After taxes, disposable personal income per person was $68,087 in 2025 (United States: $67,251); 18th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Illinois?
Adjusted for local price levels, real personal income per person in Illinois was $60,333 in 2024 in 2017 dollars (United States: $59,195); 17th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Illinois?
Median household income in Illinois was $83,211 in 2024 (margin of error ±$898), against $81,604 for the United States; 19th highest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Illinois?
The Gini index of household income inequality in Illinois was 0.480 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 7th most unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Illinois?
The unemployment rate in Illinois was 4.6% in September 2026 (seasonally adjusted, preliminary), up from 4.5% a year earlier; tied for 11th highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Illinois?
In September 2026, 297,713 people in Illinois were unemployed and 6,170,491 employed, out of a labor force of 6,468,204.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Illinois in 2025?
Over 2025 the unemployment rate in Illinois averaged 4.6% (an 11-month average: October 2025 was not collected during the federal shutdown), against 5.0% in 2024; tied for 10th highest of 51. The lowest annual rate since 1976 was 4.0% in 2019.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Illinois?
Workers covered by unemployment insurance in Illinois were paid $80,038 on average in 2025 ($1,539 a week), up 3.6% on 2024; the US average was $78,720. That is 12th highest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Illinois?
Employers in Illinois had an average of 6,067,518 jobs on their payrolls in 2025 across 379,658 establishments, up 0.4% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Illinois?
The median annual wage across all occupations in Illinois was $51,960 in May 2025 (mean $71,130); 20th highest of 51. One in ten workers earned less than $32,900 and one in ten more than $127,770.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Illinois?
The most common occupation in Illinois in May 2025 was laborers and freight, stock, and material movers, hand, with 195,390 workers and a median annual wage of $40,550.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Illinois?
Median household income in Illinois was $83,327 in 2024, 18th highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $69,212, so it has risen 20.4% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Illinois?
The median gross rent in Illinois, including utilities, was $1,322 a month in 2024, up 6.8% on 2023 ($1,238); 25th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Illinois?
Homeowners in Illinois valued their homes at a median of $280,700 in 2024, up 6.6% on 2023 ($263,300); 18th lowest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Illinois?
The median home value in Illinois was 3.4 times the median household income in 2024 ($280,700 against $83,327); 8th lowest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Illinois?
A household on the median income in Illinois would spend 19.0% of its income on the median rent of $1,322 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Illinois compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Illinois ranks 5 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 2 | Texas | $2.93 trillion |
| 3 | New York | $2.47 trillion |
| 4 | Florida | $1.81 trillion |
| 5 | Illinois | $1.24 trillion |
| 6 | Pennsylvania | $1.06 trillion |
| 7 | Ohio | $976.9 billion |
| 8 | Georgia | $936.1 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Illinois ranks 11 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 8 | North Dakota | $103,020 |
| 9 | Nebraska | $102,386 |
| 10 | Alaska | $99,875 |
| 11 | Illinois | $97,568 |
| 12 | Colorado | $95,610 |
| 13 | New Jersey | $92,980 |
| 14 | Texas | $92,474 |
Real GDP growth, 2025 (2025)
Illinois ranks 14 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 11 | Florida | 2.8% |
| 12 | Rhode Island | 2.8% |
| 13 | Utah | 2.7% |
| 14 | Illinois | 2.6% |
| 15 | New York | 2.5% |
| 16 | Connecticut | 2.5% |
| 17 | Ohio | 2.4% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Illinois ranks 20 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 17 | Michigan | 2.4% |
| 18 | Wisconsin | 2.4% |
| 19 | Texas | 2.2% |
| 20 | Illinois | 2.1% |
| 21 | Mississippi | 2.1% |
| 22 | Ohio | 2.0% |
| 23 | New Hampshire | 2.0% |
Personal income per person, 2025 (2025)
Illinois ranks 15 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 12 | Virginia | $80,903 |
| 13 | Alaska | $80,510 |
| 14 | South Dakota | $78,999 |
| 15 | Illinois | $78,987 |
| 16 | Florida | $78,345 |
| 17 | Minnesota | $78,197 |
| 18 | North Dakota | $77,438 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Illinois ranks 17 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 14 | Minnesota | $62,039 |
| 15 | Virginia | $61,914 |
| 16 | Maryland | $61,111 |
| 17 | Illinois | $60,333 |
| 18 | Alaska | $60,272 |
| 19 | Iowa | $60,144 |
| 20 | Montana | $59,203 |
Median household income, 2024 (ACS) (2024)
Illinois ranks 19 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 16 | New York | $85,820 |
| 17 | Oregon | $85,220 |
| 18 | Rhode Island | $83,504 |
| 19 | Illinois | $83,211 |
| 20 | Vermont | $82,730 |
| 21 | Arizona | $81,486 |
| 22 | Idaho | $81,166 |
Regional price parity, 2024 (US = 100) (2024)
Illinois ranks 19 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 16 | Virginia | 101.1 |
| 17 | Arizona | 100.7 |
| 18 | Nevada | 100.0 |
| 19 | Illinois | 100.0 |
| 20 | Delaware | 99.8 |
| 21 | Utah | 98.9 |
| 22 | Minnesota | 98.6 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Illinois ranks 11 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 8 | Kentucky | 4.7% |
| 9 | Nevada | 4.7% |
| 10 | New Mexico | 4.7% |
| 11 | Illinois | 4.6% |
| 12 | Delaware | 4.6% |
| 13 | Minnesota | 4.5% |
| 14 | Texas | 4.4% |
Unemployment rate, 2025 annual average (2025)
Illinois ranks 10 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 7 | Delaware | 4.8% |
| 8 | Washington | 4.7% |
| 9 | Alaska | 4.7% |
| 10 | Illinois | 4.6% |
| 11 | Ohio | 4.6% |
| 12 | Kentucky | 4.6% |
| 13 | Massachusetts | 4.5% |
Labor force participation rate, September 2026 (September 2026)
Illinois ranks 19 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 16 | Maryland | 63.7% |
| 17 | Missouri | 63.3% |
| 18 | Indiana | 63.1% |
| 19 | Illinois | 63.0% |
| 20 | Virginia | 62.7% |
| 21 | Pennsylvania | 62.6% |
| 22 | Oregon | 62.6% |
Average annual pay, 2025 (QCEW) (2025)
Illinois ranks 12 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 9 | Maryland | $81,539 |
| 10 | New Hampshire | $80,892 |
| 11 | Virginia | $80,093 |
| 12 | Illinois | $80,038 |
| 13 | Texas | $77,964 |
| 14 | Minnesota | $76,940 |
| 15 | Delaware | $75,665 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Illinois ranks 20 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 17 | Virginia | $55,690 |
| 18 | North Dakota | $52,480 |
| 19 | Delaware | $52,190 |
| 20 | Illinois | $51,960 |
| 21 | Maine | $51,430 |
| 22 | Wisconsin | $50,270 |
| 23 | Wyoming | $50,270 |
Median household income (2024)
Illinois ranks 18 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 15 | Minnesota | $87,120 |
| 16 | New York | $85,768 |
| 17 | Oregon | $84,897 |
| 18 | Illinois | $83,327 |
| 19 | Rhode Island | $83,250 |
| 20 | Vermont | $82,836 |
| 21 | Arizona | $81,404 |
Median gross rent (monthly) (2024)
Illinois ranks 25 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 22 | Rhode Island | $1,418 |
| 23 | Idaho | $1,384 |
| 24 | North Carolina | $1,338 |
| 25 | Illinois | $1,322 |
| 26 | Vermont | $1,319 |
| 27 | Minnesota | $1,291 |
| 28 | Tennessee | $1,284 |
Median value of owner-occupied homes (2024)
Illinois ranks 34 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 31 | South Carolina | $299,500 |
| 32 | Wisconsin | $294,700 |
| 33 | South Dakota | $289,600 |
| 34 | Illinois | $280,700 |
| 35 | New Mexico | $279,900 |
| 36 | Pennsylvania | $277,600 |
| 37 | North Dakota | $266,100 |
More on Illinois: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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