Economic Outlook Rank Illinois is currently ranked 45th in the United States for its economic outlook.
Does Illinois have a good economy?
Currently, the state’s 7.1% jobless rate is well above the comparable 6.0% national rate. Economic growth in Illinois has also trailed much of the nation.
How Illinois’s Economy Compares to Other States.
| State | Illinois |
|---|---|
| Poverty rate | 11.5% |
| March 2021 unemployment rate | 7.1% |
| Avg. annual employment chg., March 2016 to March 2021 | -1.6% |
Is Illinois rich or poor?
Illinois is the 11th-wealthiest of the 50 United States, with a per capita income of $23,104 according to the 2000 census.
What state has the strongest economy?
Utah
Utah is the top state for economy. It’s followed by Colorado, Idaho, Washington and Massachusetts to round out the top five. Five of the 10 states with the strongest economies also rank among the top 10 Best States overall.
Is Illinois a rich state?
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.
How is Illinois doing economically?
Economic Outlook Rank
Illinois is currently ranked 45th in the United States for its economic outlook.
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. WalletHub compared all 50 states across five metrics covering affordability, economy, education and wealth, quality of life and safety.
Which US state is the richest?
Maryland might have a relatively low median home value compared to many other places in the United States, but the Old Line State has the highest median household income in the country, making it the richest state in America for 2022.
What is the poorest US state?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
Whats the richest city in Illinois?
The 10 Richest Cities in Illinois
- Inverness.
- Lake Bluff.
- Western Springs.
- Deerfield.
- Libertyville.
- Northbrook.
- Campton Hills.
- Hawthorn Woods.
Which states are most financially stable?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall. Learn more about the Best States for fiscal stability below.
What is the best run state in America?
For the second year in a row, Utah ranks as the best run state in the country. The state is one of only 12 nationwide with a perfect triple-A rating and stable outlook from credit rating agency Moody’s. It also has the funding to meet over 85% of its pension obligations, well above the 70.7% average among all states.
Which state has the fastest growing economy?
Idaho is the best state for growth, and ranks third overall for economy. Washington places second in this subcategory, followed by Utah, Arizona and Colorado. Learn more about the Best States for growth below.
What would happen if Chicago left Illinois?
The study also reports that Illinois without Chicago and its suburbs would be one of the poorest states in the nation in terms of economic output. The southernmost 19 counties on their own would be the poorest, sitting just above American Samoa and Puerto Rico.
Where does Illinois get most of its money from?
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.
Who is the largest employer in Illinois?
Walgreens
With over 13,000 company workers statewide, Walgreens is the largest employer in Illinois, with over 70,000 employees across the country.
Where should you not live in Illinois?
The 20 Worst Places to Live in Illinois
- Alton.
- Peoria.
- Springfield.
- Rockford.
- Carbondale.
- Metropolis.
- Chicago. For those who live in Chicago, it may not surprise them to learn that the city is one of the worst locations to live in the state.
- Matteson. Matteson is a suburb of Chicago that is home to 19,336 people.
Is it cheaper to live in Florida or Illinois?
Florida is 1.9% more expensive than Illinois.
What is the best town in Illinois to live in?
Best Places to Live in Illinois in 2021
- Buffalo Grove. With a population sitting just above 41,000, Buffalo Grove is our top-rated suburb to live in Illinois.
- Naperville.
- Oak Park.
- Western Springs.
- Clarendon Hills.
- Evanston.
- Lake Forest.
- Gurnee.
What state has the most billionaires?
California
Table
| Rank by number of billionaires (9/15/20) | State or federal district | Number of billionaire residents (9/15/20) |
|---|---|---|
| 1 | California | 189 |
| 2 | New York | 114 |
| 3 | Texas | 58 |
| 4 | Florida | 60 |
Which state has the most millionaires 2021?
California
As of March 2021, California was the U.S. state with most billionaires, with 189 billionaires calling the sate home.
States with the largest population of billionaires in the United States in 2021.
| Characteristic | Number of billionaires |
|---|---|
| – | – |
