The Chicago Metropolitan Area for Planning agency has analyzed the U.S. Census Burear’s 2010-2014 American Community Survey and created a map which shows the townships in the metropolitan area where average household incomes have increased and where they have decreased.
Below is the household income fluctuation information for the greater McHenry County area:
Part of CMAP’s report says,
Many of the areas with declines are in the outer ring and southern suburbs of the region…
It is clear that household incomes in many parts of northeastern Illinois are falling behind the rest of the region, as well as the rest of the U.S.
This has broad implications for the region’s economic status as well as for local planning initiatives.
Income growth that does not meet national trends may reflect the region’s overall slower rate of overall recovery from the recession, or it may indicate a change in the types of industries that are hiring here. ..
In addition, when declining incomes are concentrated in a particular area, it can discourage economic development where it is needed most.
Below is the map for the entire metropolitan area: