This section shows the Oswego Illinois economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Oswego shows it has a Median earnings of $65,274 which is in the mid range of other places in the metro area. The city with the highest median earnings per worker in the area is Sugar Grove which shows a median earnings of $82,356 (26.2% larger). Comparing median earnings per worker to the United States average of $53,269, Oswego is 22.5% larger. Also, compared to the state of Illinois, median earnings per worker of $56,393, Oswego is 15.7% larger.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $106,790 which is the third most of all other places in the local area. The city with the highest median household income in the area is Plainfield which shows a median income of $134,814 (26.2% larger). Comparing median household income to the United States average of $69,021, Oswego is 54.7% larger. Also, measured against the state of Illinois, median household income of $72,563, Oswego is 47.2% larger.
The next section examines a variety of different income statistics for the Oswego metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 18.0% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 28.8% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $31.54 which is in the mid point range of other places in the greater region. The city with the highest average hourly earnings in the area is Plainfield which depicts an average hourly earnings of $40.56 (28.6% larger). Comparing average hourly earnings to the United States average of $26.40, Oswego is 19.5% larger. Also, benchmarked against the state of Illinois, average hourly earnings of $28.10, Oswego is 12.3% larger.
Figure 5 examines the number of self employed people in the Oswego metro area based on the number of people who reported any self employment income. Oswego indicates it has a Self Employed of 7.2% which is the smallest as measured by percentage of people self employed of all the other places in the metro area. The city with the highest percentage of people self employed in the area is Sugar Grove which depicts a percentage self employed of 20.7% (approximately 2.9 times bigger).
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 23.1% which is the third most households with retirement income of all other places in the greater Oswego region. The city with the highest households with retirement income in the area is Boulder Hill CDP which depicts a households with retirement income of 27.7% (19.8% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Oswego depicts full time employees approximately 4.0 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Oswego indicates it has the hightest entrepreneurs of 44% for the self employed in construction aggregate.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Oswego shows it has the hightest cost of 116.1 for the cost of utilities group.
Oswego Illinois Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Oswego shows it has a Percent of Population In Poverty of 2.2% which is the smallest in terms of percent of people earning less than the poverty level of all the other places in the surrounding region. The city with the highest percent of people earning less than the poverty level in the area is Aurora which depicts a percent of people in poverty of 10.3% (approximately 4.8 times bigger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Oswego shows it has a Public Assistance Percent of 10.6% which is the third most households with public assistance of all other places in the greater Oswego region. The city with the highest households with public assistance in the area is Boulder Hill CDP which depicts a households with public assistance of 16.2% (53.0% larger).
Oswego Illinois Labor Force Charts
The table in Figure 13, shows Oswego employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from February 2017 to before the COVID-19 Pandemic it went from 4.2% to 2.3% in December 2019. This represents a decrease in the monthly unemployment rate of 45.2%. Since that time, the monthly unemployment rate has gone to 2.3%. This represents an increase in the monthly unemployment rate of very little.
Oswego Illinois Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Oswego Illinois Work Commute Charts
Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Oswego or elsewhere.) Oswego has the smallest proportion of people who took a taxicab, motorcycle or other at 0% of the total.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Oswego depicts it has a Avg Commute Time of 31 which is in the middle range of other places in the area.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.