Will County, IL
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 41.45, -87.98.
Assembled 2026-10-19. Read the brief.
- 83rd pct · 508th of 3,063 US counties · median $230,451
- 96th pct · 5th of 102 Illinois counties · median $158,551
- 66th pct · 5th of 13 counties in the Chicago-Naperville-Elgin metro · median $340,258
- 49th pct · 1,548th of 3,062 US counties · median +2.9%
- 23rd pct · 78th of 102 Illinois counties · median +5.0%
- 16th pct · 11th of 13 counties in the Chicago-Naperville-Elgin metro · median +3.6%
- 93rd pct · 93rd of 1,358 US counties · median $1,506
- 100th pct · 1st of 32 Illinois counties · median $1,198
- 100th pct · 1st of 11 counties in the Chicago-Naperville-Elgin metro · median $2,105
- 96th pct · 122nd of 3,221 US counties · median 8,232
- 97th pct · 4th of 102 Illinois counties · median 7,611
- 75th pct · 4th of 13 counties in the Chicago-Naperville-Elgin metro · median 94,945
- 77th pct · 738th of 3,221 US counties · median $1,039
- 80th pct · 21st of 102 Illinois counties · median $1,061
- 41st pct · 8th of 13 counties in the Chicago-Naperville-Elgin metro · median $1,235
- 79th pct · 630th of 3,063 US counties · median 4.2
- 97th pct · 4th of 102 Illinois counties · median 2.8
- 83rd pct · 3rd of 13 counties in the Chicago-Naperville-Elgin metro · median 4.9
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $376,285 (Sep 2026), +2.8% over one year, +28.8% over five
- 83rd pct · 508th of 3,063 US counties · median $230,451
- 96th pct · 5th of 102 Illinois counties · median $158,551
- 66th pct · 5th of 13 counties in the Chicago-Naperville-Elgin metro · median $340,258
| Item | Value | Distance |
|---|---|---|
| Will County, IL | $376,285 · +2.8% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $2,374/mo (Sep 2026), +2.8% over one year; price-to-rent 13.2
- 93rd pct · 93rd of 1,358 US counties · median $1,506
- 100th pct · 1st of 32 Illinois counties · median $1,198
- 100th pct · 1st of 11 counties in the Chicago-Naperville-Elgin metro · median $2,105
| Item | Value | Distance |
|---|---|---|
| Will County, IL | $2,374/mo · +2.8% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $2,084 a month on $376,285 at 7.40%, against an average weekly wage worth $5,235 a month: 39.8% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $376,285 × 80% = $301,028, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $2,084/mo principal and interest
- wage share = payment / (avg weekly wage $1,208 × 52 / 12 = $5,235) = 40% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $376,285 / ($1,208 × 52) = 6.0
- price-to-rent = $376,285 / ($2,374 × 12) = 13.2
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
265,689 jobs at 16,223 employers (2026 Q1); +1.7% jobs and +2.2% average weekly wage over the year
- 96th pct · 122nd of 3,221 US counties · median 8,232
- 97th pct · 4th of 102 Illinois counties · median 7,611
- 75th pct · 4th of 13 counties in the Chicago-Naperville-Elgin metro · median 94,945
| Item | Value | Distance |
|---|---|---|
| Will County, IL | 265,689 jobs · $1,208/wk · +1.7% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Transportation and warehousing | 40,391 | $1,071 | 3.61 | +7.0% |
| Retail trade | 29,585 | $734 | 1.14 | -0.3% |
| Health care and social assistance | 28,502 | $1,163 | 0.71 | -0.7% |
| Manufacturing | 24,008 | $1,630 | 1.12 | -1.1% |
| Accommodation and food services | 21,913 | $484 | 0.92 | +0.9% |
| Wholesale trade | 17,697 | $1,909 | 1.74 | -1.5% |
| Administrative and waste services | 15,066 | $977 | 1.00 | +1.8% |
| Construction | 14,171 | $1,777 | 1.02 | +3.3% |
| Other services | 11,190 | $1,021 | 1.41 | +0.2% |
| Professional and technical services | 10,031 | $1,640 | 0.55 | +3.5% |
| Educational services | 4,513 | $860 | 0.79 | -7.1% |
| Arts, entertainment and recreation | 4,071 | $683 | 0.93 | +13.0% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
No drought class at this point (USDM covers the United States only)
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 / 0.35
Banks & federal dollars #
$23.4 bn in deposits at 158 offices of 34 banks (SOD June 2026); HHI 1,496, moderately concentrated. $3.9 bn federal obligations in FY2026 (direct payments $3.4 bn, grants $399.9 m), $14,832 per covered job
| Item | Value | Distance |
|---|---|---|
| Old National Bank | $7.0 bn · 29.8% share · 16 offices | |
| JPMorgan Chase Bank, National Association | $4.1 bn · 17.4% share · 19 offices | |
| BMO Bank National Association | $2.8 bn · 12.1% share · 21 offices | |
| Will, IL | $3.9 bn FY2026 · $14,832/job | |
| MULTIPLE RECIPIENTS | $3.3 bn · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Old National Bank | $6,960,366,000 | 29.8% | 16 |
| JPMorgan Chase Bank, National Association | $4,057,824,000 | 17.4% | 19 |
| BMO Bank National Association | $2,835,522,000 | 12.1% | 21 |
| Old Plank Trail Community Bank, National Association | $2,208,137,000 | 9.4% | 9 |
| PNC Bank, National Association | $964,775,000 | 4.1% | 9 |
| Bank of America, National Association | $845,763,000 | 3.6% | 10 |
| Fifth Third Bank, National Association | $705,765,000 | 3.0% | 6 |
| Busey Bank | $626,272,000 | 2.7% | 6 |
| The Huntington National Bank | $612,775,000 | 2.6% | 8 |
| U.S. Bank National Association | $593,922,000 | 2.5% | 8 |
Deposit concentration is 1,496 across 34 banks, which the 1995 Department of Justice bank merger screen calls moderately concentrated.
HHI = Σ (share %)² over 34 banks with deposits in the county = 29.8² + 17.4² + 12.1² + … (31 more) = 1,496
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $2,942,362,808 |
| Department of Transportation | $364,576,181 |
| Department of Veterans Affairs | $281,356,097 |
| Department of Defense | $133,880,467 |
| Department of Housing and Urban Development | $70,612,848 |
| Railroad Retirement Board | $55,410,302 |
| Department of Education | $42,134,032 |
| Department of Health and Human Services | $19,427,040 |
| Department of Labor | $10,953,008 |
| Department of Agriculture | $7,386,301 |
| Federal Communications Commission | $6,020,415 |
| Department of Justice | $3,958,265 |
That is $14,832 per covered job, against 265,689 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $3.9 bn / 265,689 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $14,832
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Will County, IL: 15 findings, 15 noted
noteWill County, IL's average weekly wage was 2.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteWill County, IL's covered employment was 1.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +1.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteWill County, IL's typical home value rose 0.5% from $374,581 in August 2026 to $376,285 in September 2026, on Zillow ZHVI.
Period 2026-09.Show the arithmetic
- +0.5% = (376284.6595036983 - 374581.22256927047) / 374581.22256927047 × 100
- 376284.6595036983 = Zillow ZHVI, 2026-09
- 374581.22256927047 = Zillow ZHVI, 2026-08
noteWill County, IL's typical asking rent rose 0.3% from $2,369 in August 2026 to $2,374 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- +0.3% = (2374.499555975437 - 2368.555628175669) / 2368.555628175669 × 100
- 2374.499555975437 = Zillow ZORI, 2026-09
- 2368.555628175669 = Zillow ZORI, 2026-08
noteWill County, IL's typical asking rent of $2,374 ranks 1st of 11 counties in the Chicago-Naperville-Elgin metro, against a median of $2,105.
Period 2026-09.Show the arithmetic
- 100 on the 0-to-100 scale across 11 counties in the Chicago-Naperville-Elgin metro that published rent.latest
position among the entities that published this metric this period; not an official level
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.