North Barrington, IL Median Household Income: Trends, Analysis, and Key Findings

The median household income in North Barrington was $216,250 in 2023, which marked an a decrease of 16,409(7.05%) from $232,659 in 2020. This income is 275.34% of the U.S. median household income of $78,538 (all incomes in 2023 inflation-adjusted dollars).
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Updated Mar 3, 2025

Median Household Income in North Barrington, IL (2010-2023, in 2023 inflation-adjusted dollars)

Below, you will find a table illustrating the median household income in North Barrington, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars.

Year Median Household Income YOY Change($) YOY Change(%)
2010 205,287 - -
2011 212,082 6,795 3.31%
2012 203,935 -8,147 -3.84%
2013 204,301 366 0.18%
2014 186,195 -18,106 -8.86%
2015 195,109 8,914 4.79%
2016 198,750 3,641 1.87%
2017 209,031 10,281 5.17%
2018 217,420 8,389 4.01%
2019 231,525 14,105 6.49%
2020 232,659 1,134 0.49%
2021 231,495 -1,164 -0.50%
2022 221,079 -10,416 -4.50%
2023 216,250 -4,829 -2.18%

North Barrington, IL median household income trends: 2010 to 2023

From 2010 to 2023, the median household income for North Barrington increased by $10,963 (5.34%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 8 years and declined for 5 years.

The line chart shows North Barrington, IL median household income from 2010 to 2023. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
North Barrington, IL median household income trends: 2010 to 2023. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. We observed that the median household income experienced growth year by year for 8 years and declined for 5 years. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 14,105 (from $217,420 to $231,525). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 18,106 (from $204,301 to $186,195).

In Illinois, among cities with populations of fewer than 5,000 residents, North Barrington ranks 4th out of 749 for median household income. This rank highlight its position as one of the top-earning small cities within the state of Illinois.

Median household income in North Barrington, IL by household size

To gain deeper insights into the median household income for North Barrington, we conducted an analysis of the most recent available data from the U.S. Census Bureau American Community Survey 5 year Estimates (the most recent data available).

Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, North Barrington did not include 7-person households. Across the different household sizes in North Barrington the mean income is $201,566, and the standard deviation is $79,386. The coefficient of variation (CV) is 39.38%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households. Please note that the U.S. Census Bureau uses $250,001 as a JAM value to report incomes of $250,000 or more. In the case of North Barrington, there were 2 household sizes where the JAM values were used. Thus, the numbers for the mean and standard deviation may not be entirely accurate and have a higher possibility of errors. However, to obtain an approximate estimate, we have used a value of $250,001 as the income for calculations, as reported in the datasets by the U.S. Census Bureau.

In the most recent year, 2023, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $43,333. It then further increased to $250,001 for 6-person households, the largest household size for which the bureau reported a median household income.

Bar chart showing North Barrington, IL median household income for different household sizes in 2023. The chart illustrates income trends for 1-person to 7-or-more person households, with values adjusted for inflation. It provides insights into income disparities and variations across household sizes, aiding in data analysis and decision-making.
North Barrington, IL median household income, by household size (in 2022 inflation-adjusted dollars). Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

North Barrington median household income by household size

The table below displays median household incomes for various household sizes, as reported by the U.S. Census Bureau. Explore how household income varies with the size of the family unit.

Household Size Median Household Income
1-person households 43,333
2-person households 213,958
3-person households 240,694
4-person households 250,001
5-person households 211,406
6-person households 250,001
7-or-more-person households 0

According to the Census Bureau data, the median household income reaches its peak among 4-person households, reaching $250,001 Please note that this income is a JAM value, as reported by the U.S. Census Bureau, and may not be entirely accurate. For your analysis, you can consider that the highest income in North Barrington falls within the range of $250,000 or more, rather than being a specific, precise number.

North Barrington, IL income distribution and inequality

To gain a comprehensive understanding of income distribution in North Barrington, we conducted an analysis of quintiles data from the U.S. Census Bureau. While the bureau does not categorize income into subjective classes like lower-income, middle-class, or upper-class, they instead divide the population into five quintiles, ensuring that each quintile represents nearly the same number of households. This classification allows us to analyze income levels across a spectrum from the lowest to the highest income groups.

Bar chart illustrating the North Barrington mean household income for different quintiles, plus the top 5%, with values adjusted for 2022 inflation using R-CPI-U-RS. The chart provides insights into income distribution, showcasing variations across quintiles and highlighting the income of the top 5%. Useful for analyzing income disparities and trends for North Barrington.
Mean household income by quintiles in North Barrington, IL (in 2022 inflation-adjusted dollars): The mean household income for the wealthiest population (top 5%) is 1,161,896, which is 148.81% higher compared to the highest quintile, and 2711.54% higher compared to the lowest quintile. Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

Mean household income by quintile in North Barrington

The table below presents the mean household income for each of the five quintiles in North Barrington , offering valuable insights into income distribution and inequality.

Income Level Mean Household Income
Lowest Quintile 42,850
Second Quintile 135,434
Third Quintile 217,234
Fourth Quintile 334,108
Highest Quintile 780,809
Top 5 Percent 1,161,896

Key findings:

  • Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 42,850, while the mean income for the highest quintile (20% of households with the highest income) is 780,809. This indicates that the top earners earn 18 times compared to the lowest earners.
  • Top 5%: The mean household income for the wealthiest population (top 5%) is 1,161,896, which is 148.81% higher compared to the highest quintile, and 2711.54% higher compared to the lowest quintile.

Furthermore, as per the Census Bureau, the Gini coefficient for North Barrington is 0.4727. Gini coefficient is a numeric measure ranging from 0 to 1, where lower numbers indicate greater income equality (with 0 representing complete equality, where all households earn the same income) and higher values signify greater income inequality (with 1 being complete inequality where one household receives all income).

Gini coefficient:
0.4727

Sources: U.S. Census Bureau, American Community Survey (ACS)

With a Gini coefficient of 0.4727, it is evident that income distribution in North Barrington, IL exihibits characterstics of moderate inequality . This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in North Barrington.It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in North Barrington

Median household income in North Barrington, IL by family type, 2023

The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for North Barrington reveals how household income distribution varies among these categories.

Interestingly, we found that the median household income did vary between family households and non-family households. In 2023, for North Barrington, there were a total of 940 family households and 159 non-family households.

For the family households, the median income (in 2023 inflation-adjusted dollars) was $228,000. For the non-family households, the median income (in 2023 inflation-adjusted dollars) was $-666,666,666.

North Barrington, IL households by income brackets: family, non-family, and total, 2023, in 2022 inflation-adjusted dollars

The table below presents a breakdown of households across various income brackets in North Barrington. The data in the table offers insights into the distribution of North Barrington households based on income levels.

Income Level All Households % All Households Family Households % Family Households Non-Family Households % Non-Family Households
Total: 1,099 100.00% 940 100.00% 159 100.00%
Less than $10,000 42 3.82% - - 42 26.42%
$10,000 to $14,999 7 0.64% 7 0.74% - -
$15,000 to $19,999 27 2.46% 27 2.87% - -
$20,000 to $24,999 - - - - - -
$25,000 to $29,999 - - - - - -
$30,000 to $34,999 5 0.45% - - 5 3.14%
$35,000 to $39,999 36 3.28% 18 1.91% 18 11.32%
$40,000 to $44,999 3 0.27% - - 3 1.89%
$45,000 to $49,999 11 1.00% 6 0.64% 5 3.14%
$50,000 to $59,999 7 0.64% 5 0.53% 2 1.26%
$60,000 to $74,999 33 3.00% 28 2.98% 5 3.14%
$75,000 to $99,999 68 6.19% 55 5.85% 13 8.18%
$100,000 to $124,999 69 6.28% 69 7.34% - -
$125,000 to $149,999 61 5.55% 51 5.43% 10 6.29%
$150,000 to $199,999 116 10.56% 97 10.32% 19 11.95%
$200,000 or more 614 55.87% 577 61.38% 37 23.27%

Key findings:

  • For Family Households: In North Barrington, the majority of family households, representing 61.38%, earn $200,000 or more, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.0%, have incomes falling $10,000 to $14,999, representing a smaller but still significant segment of the community.
  • For Non-Family Households: In North Barrington, the majority of non-family households, accounting for 26.42%, have income Less than $10,000, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 0.0%, earn $10,000 to $14,999, representing a smaller, yet notable, portion of non-family households in the community.
  • For Total Households (Combining Family and Non-Family): When considering total households in North Barrington, the majority, constituting 55.87%, earn $200,000 or more, demonstrating that a significant portion of community households falls within this income bracket. Simultaneously, the minority of total households, representing 0.0%, have incomes $20,000 to $24,999, signifying a smaller segment of households in the community.

Things to know

What is the Gini index for North Barrington, IL?

As per the Census Bureau, the Gini coefficient for North Barrington is 0.4727. With this value of Gini coefficient, it is evident that income distribution in North Barrington exihibits characterstics of moderate inequality .

This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in North Barrington.It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in North Barrington

What is the median household income in North Barrington, IL?

As per the latest data available from American Community Survey, the median household income for North Barrington is $216,250 (in 2023 inflation-adjusted dollars). This income is 275.34% of the U.S. median household income of $78,538 (all incomes in 2023 inflation-adjusted dollars).

How does North Barrington, IL median household income compare to the rest of the United States?

In Illinois, among cities with populations of fewer than 5,000 residents, North Barrington ranks 4th out of 749 for median household income. This rank highlight its position as one of the top-earning small cities within the state of Illinois.

References

Notes

The analysis presented in this article is based on estimates derived from the U.S. Census Bureau American Community Survey. While these figures offer valuable insights, they are subject to a margin of error. It is advisable to exercise caution and consider the potential margin of error when interpreting and utilizing this data.

Datasets

Explore datasets by year of publication.
2025
North Barrington, IL Median Household Income Trends (2010-2023, in 2023 inflation-adjusted dollars)
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset illustrates the median household income in North Barrington, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for North Barrington increased by $10,963 (5.34%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 8 years and declined for 5 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

  • 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

  • Year: This column presents the data year from 2010 to 2023
  • Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
  • YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
  • YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for North Barrington median household income. You can refer the same here

Median Household Income Variation by Family Size in North Barrington, IL: Comparative analysis across 7 household sizes
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset presents median household incomes for various household sizes in North Barrington, IL, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

  • Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, North Barrington did not include 7-person households. Across the different household sizes in North Barrington the mean income is $201,566, and the standard deviation is $79,386. The coefficient of variation (CV) is 39.38%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households. Please note that the U.S. Census Bureau uses $250,001 as a JAM value to report incomes of $250,000 or more. In the case of North Barrington, there were 2 household sizes where the JAM values were used. Thus, the numbers for the mean and standard deviation may not be entirely accurate and have a higher possibility of errors. However, to obtain an approximate estimate, we have used a value of $250,001 as the income for calculations, as reported in the datasets by the U.S. Census Bureau.
  • In the most recent year, 2023, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $43,333. It then further increased to $250,001 for 6-person households, the largest household size for which the bureau reported a median household income.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Household Sizes:

  • 1-person households
  • 2-person households
  • 3-person households
  • 4-person households
  • 5-person households
  • 6-person households
  • 7-or-more-person households

Variables / Data Columns

  • Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
  • Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for North Barrington median household income. You can refer the same here

Income Distribution by Quintile: Mean Household Income in North Barrington, IL // 2025 Edition
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in North Barrington, IL, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

  • Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 42,850, while the mean income for the highest quintile (20% of households with the highest income) is 780,809. This indicates that the top earners earn 18 times compared to the lowest earners.
  • *Top 5%: * The mean household income for the wealthiest population (top 5%) is 1,161,896, which is 148.81% higher compared to the highest quintile, and 2711.54% higher compared to the lowest quintile.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

  • Lowest Quintile
  • Second Quintile
  • Third Quintile
  • Fourth Quintile
  • Highest Quintile
  • Top 5 Percent

Variables / Data Columns

  • Income Level: This column showcases the income levels (As mentioned above).
  • Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for North Barrington median household income. You can refer the same here

North Barrington, IL households by income brackets: family, non-family, and total, in 2023 inflation-adjusted dollars
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset presents a breakdown of households across various income brackets in North Barrington, IL, as reported by the U.S. Census Bureau. The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for North Barrington, IL reveals how household income distribution varies among these categories. The dataset highlights the variation in number of households with income, offering valuable insights into the distribution of North Barrington households based on income levels.

Key observations

  • For Family Households: In North Barrington, the majority of family households, representing 61.38%, earn $200,000 or more, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.0%, have incomes falling $10,000 to $14,999, representing a smaller but still significant segment of the community.
  • For Non-Family Households: In North Barrington, the majority of non-family households, accounting for 26.42%, have income Less than $10,000, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 0.0%, earn $10,000 to $14,999, representing a smaller, yet notable, portion of non-family households in the community.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

  • Less than $10,000
  • $10,000 to $14,999
  • $15,000 to $19,999
  • $20,000 to $24,999
  • $25,000 to $29,999
  • $30,000 to $34,999
  • $35,000 to $39,999
  • $40,000 to $44,999
  • $45,000 to $49,999
  • $50,000 to $59,999
  • $60,000 to $74,999
  • $75,000 to $99,999
  • $125,000 to $149,999
  • $150,000 to $199,999
  • $200,000 or more

Variables / Data Columns

  • Income Level: The income level represents the income brackets ranging from Less than $10,000 to $200,000 or more in North Barrington, IL (As mentioned above).
  • All Households: Count of households for the specified income level
  • % All Households: Percentage of households at the specified income level relative to the total households in North Barrington, IL
  • Family Households: Count of family households for the specified income level
  • % Family Households: Percentage of family households at the specified income level relative to the total family households in North Barrington, IL
  • Non-Family Households: Count of non-family households for the specified income level
  • % Non-Family Households: Percentage of non-family households at the specified income level relative to the total non-family households in North Barrington, IL

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for North Barrington median household income. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

Median household income of places that contain North Barrington (in 2023 dollars)
Insights for North Barrington, by topic

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Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

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