Illinois is the 11th-wealthiest of the 50 United States, with a per capita income of $23,104 according to the 2000 census.
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Is Illinois a rich or poor state?
Illinois
Illinois has the nation’s fifth-highest GDP and is the fifth-most populous state. Illinois’s GDP is $785,671,000, and its median household income is $69,187.
Is Illinois the worst state in the US?
Following Louisiana is Alabama, ranking 50th for Education, and Mississippi, ranking 50th for healthcare. According to U.S. News & World Report, the ten worst U.S. states are: Louisiana. Alabama.
Worst States To Live in 2021.
| State | Illinois |
|---|---|
| Total | 35 |
| Crime | 20 |
| Economy | 41 |
| Healthcare | 22 |
Is Illinois a good state?
Illinois is a great state and Chicago is its gem. No one can deny that the living experience Illinois offers is exceptional and unique. And while comparing the pros and cons of living in Illinois, you also would have realized that the state also ranks high in outdoor entertainment, food scene, and natural beauty.
Does Illinois have a good economy?
The economy of Illinois is the fifth largest by GDP in the United States and one of the most diversified economies in the world.As of 2017, Illinois ranked fourth in the nation for the most Fortune 500 based companies with a total of 36.
Is Illinois rich?
Illinois is the 11th-wealthiest of the 50 United States, with a per capita income of $23,104 according to the 2000 census.
What are the top 5 poorest states?
- Alabama. Poverty rate: 15.5%
- West Virginia. Poverty rate: 16.0%
- Arkansas. Poverty rate: 16.2%
- Kentucky. Poverty rate: 16.3%
- New Mexico. Poverty rate: 18.2%
- Louisiana. Poverty rate: 19.0%
- Mississippi. Poverty rate: 19.6%
- Mississippi. Louisiana. New Mexico.
Is Illinois a poor state?
Illinois – Poverty rate 2000-2019
In 2019, about 11.5 percent of Illinois’ population lived below the poverty line.
Is Illinois a bad place to live?
According to a recent Gallup survey: “Illinois has the unfortunate distinction of being the state with the highest percentage of residents who say it is the worst possible place to live. One in four Illinois residents (25%) say the state is the worst place to live, followed by 17% each in Rhode Island and Connecticut.
What is Illinois good for?
In addition to business, Illinois’ largest industries are manufacturing, education, agriculture, energy and biotechnology. Illinois is also a leader in clean energy technology, with huge wind farms and considerable ethanol fuel production in the state.
What is Illinois ranked?
Illinois State is ranked 104th, up from 105th in the 2021 rankings. The University is also ranked among the top national universities. The latest rankings place Illinois State at 202nd, compared to 206th the previous year.
What is the richest city in Illinois?
Naperville, IL. Naperville isn’t just one of the main cities in Illinois, it’s the most affluent! Naperville was recently ranked the richest city in the Midwest and the 19th most affluent city in America.
Is Illinois expensive to live in?
An amount below 100 means Illinois is cheaper than the US average. A cost of living index above 100 means Illinois, Illinois is more expensive.
Illinois cost of living is 93.4.
| COST OF LIVING | Illinois | United States |
|---|---|---|
| Grocery | 94 | 100 |
| Health | 97.2 | 100 |
| Housing | 79.5 | 100 |
| Median Home Cost | $234,000 | $291,700 |
Is Illinois a good place to live 2021?
Illinois is the 18th-best state to live in the country, according to WalletHub’s 2021 Best States to Live In list.Illinois came in near the top of the list in quality of life, at No. 3. It also ranked eighth for safety, 37th for affordability, 49th for economy and 20th for education and health.
Why is Illinois economy so bad?
Long-run economic growth can be decomposed into three factors: population growth, employment growth and labor productivity growth.Another major factor contributing to Illinois’ lackluster economic performance is the state’s weak labor market.
How does Illinois make money?
As shown in Figure 1, the Federal Government is the largest single source of revenue for the State of Illinois, due in large part to programs such as Medicaid that are jointly funded between the state and federal government. Income tax and sales tax are also large parts of the state’s revenue stream.
How many billionaires are in Illinois?
Table
| Rank by Number of Billionaires (9/15/20) | State or Federal District | Billionaires/ State’s 10M pop. (7/19 Census) (9/15/20) |
|---|---|---|
| 6 | Illinois | 13.42 |
| 7 | Connecticut | 39.27 |
| 5 | Massachusetts | 29.02 |
| 8 | Georgia | 11.30 |
How many millionaires live in Illinois?
List
| Rank | State | Number of millionaire households |
|---|---|---|
| 2 | Texas | 650,216 |
| 3 | New York | 570,456 |
| 4 | Florida | 496,971 |
| 5 | Illinois | 346,873 |
What is middle class in Illinois?
The middle class is usually defined as the group of earners in the center of the earning scale.
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| State | Middle-class income | Median household income |
|---|---|---|
| Illinois | $53,961 | $69,187 |
| North Dakota | $52,935 | $64,577 |
| Maine | $51,608 | $58,924 |
| Pennsylvania | $51,346 | $63,463 |
Which state is richest in USA?
States and territories ranked by median household income
| Rank | State or territory | 2018 |
|---|---|---|
| 1 | Washington, D.C. | $85,203 |
| 2 | Maryland | $83,242 |
| 3 | New Jersey | $81,740 |
| 4 | Hawaii | $80,212 |
What is America’s poorest state?
Poorest U.S. States
- Mississippi. Mississippi is the poorest U.S. state.
- West Virginia. West Virginia is the second-poorest U.S. state, with a $48,850 median household income and a poverty rate of 17.54%.
- Louisiana. Lousiana is the third-poorest state.
- Arkansas. The fourth-poorest state in the U.S. is Arkansas.
- New Mexico.
