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Chicago Executive Airport Economic Impact Study–2007 Page 2-5
Exhibit 2-5
Industry Average Earnings (2006$)
Chicago Executive Airport Economic Impact Study
Study Area
State of
Industry Cook Lake Subtotal Illinois
Total Average Earnings $60,500 $60,700 $60,500 $51,900
Farm 11,300 15,900 13,700 16,300
Agricultural Services, Other 26,900 33,300 29,100 25,500
Mining 107,400 65,700 98,200 78,000
Construction 74,200 60,700 72,100 61,700
Manufacturing 85,900 98,300 87,800 76,800
Transport, Comm. And Public Utilities 68,600 66,900 68,500 65,900
Wholesale Trade 78,600 103,600 83,100 73,100
Retail Trade 27,600 32,400 28,300 24,800
Finance, Insurance, and Real Estate 83,700 65,700 81,700 64,800
Services 53,500 49,000 53,000 46,300
Federal Civilian Govt 93,800 86,000 92,900 89,700
Federal Military Govt 43,600 66,100 58,000 57,300
State and Local Govt 61,900 56,300 61,300 53,900
Source: Woods & Poole Economics, Inc., 2006
Illinois exhibits higher mean household income than the nation, at about $97,000 and $90,000,
respectively. Cook and Lake Counties both have higher mean household income than the State
at almost $106,000 and $149,000, respectively, with a combined mean household income of
$110.5 thousand, see Exhibit 2-6.
Exhibit 2-6
Mean Household Income (2006)
Chicago Executive Airport Economic Impact Study
Geography 2006
Cook County $105,728
Lake County $148,897
Counties Sum $110,504
Illinois $97,056
United States $90,285
Source: Woods & Poole Economics, Inc., 2006 4
4 Woods & Poole Economics, Inc. Washington D.C. Copyright 2006. Woods & Poole does not
guarantee the accuracy of this data. The use of this data and the conclusions drawn from it are solely the
responsibility of Wilbur Smith Associates, Inc.
Wilbur Smith Associates November 2007