51 Illinois Business Stats & Facts For 2025

Here are 51 business stats about Illinois for 2025.

Basics:

Population: 12,549,689 (US Census 2020)
Population desnity per square mile: 230.80
GDP: $1,082,968 (millions USD)
GDP Per Capita: $87,033
Median household income (in 2022 dollars): $78,433
Real GDP Growth Rate: 1.30%
Total Employment: 7.1m
Unemployment Rate: 4.4%

Rankings

% Share of National Economy: 3.96%
State Economic Growth Rank (out of 50): 5
Population Growth Rank (out of 50): 47
Business Growth Rank (out of 50): 31
State Growth Rank in Employment (out of 50): 22

Biggest Industries In Illinois By Revenue

1. Drug, Cosmetic & Toiletry Wholesaling: $95.1b
2. Property, Casualty and Direct Insurance: $78.9b
3. Gasoline & Petroleum Wholesaling: $78.5b
4. Commercial Banking: $68.2b
5. Hospitals: $57.2b
6. Automobile Wholesaling: $56.3b
7. Gasoline & Petroleum Bulk Stations: $55.4b
8. Health & Medical Insurance: $51.4b
9. New Car Dealers: $38.7b
10. Public Schools: $36.3b

Biggest Employers In Illinois

1. State Of Illinois: 144,900 (2.1%)
2. Walmart Inc.: 57,365 (0.8%)
3. City Of Chicago: 44,859 (0.6%)
4. Amazon.Com, Inc.: 38,000 (0.5%)
5. Cook County: 22,000 (0.3%)
6. The Home Depot, Inc.: 16,664 (0.2%)
7. Mondelez International, Inc.: 13,000 (0.2%)
8. University of Illinois Chicago: 12,320 (0.2%)
9. Abbott Laboratories: 12,284 (0.2%)
10. Northern Trust Corporation: 9,912 (0.1%)

Small Businesses In Illinois

Number of Small Businesses 1,300,000
Percent of bossiness that are small businesses: 99.50%
Number of employees: 2,400,000
Share of Employment: 44.10%
Number of New Businesses In The Past Year: 40,933
Number of Businesses That Closed In The Past Year: 31,592
Net Change In New Businesses: 9,341

Number of Businesses With No Employees: 1,007,294
Number of Businesses with 1-19 Employees: 220,684
Number of Businesses with 20-499 Employees: 29,086
Share of Businesses Owned By Women: 42.40%
Share of Businesses Owned By Veterans: 4.40%
Share of Hispanic Owned Businesses: 10.50%
Share of Businesses Owned By Racial Minorities: 20.90%

Fortune 500 Companies In Illinois

Number of Fortune 500 Headquaters: 33
Biggest Company: Walgreens Boots Alliance
Biggest Company Type: Food and Drug Stores
Number of Employees: 262,500
Revenue (in millions): $132,703

Taxes In Illinois

State Corporate Tax Rate: 9.50%
State Corporate Tax Rate Brackets: $0

State Sales Tax Rate: 6.25%
State Sales Tax Rank (out of 50): 13
Average Local Sales Tax Rate: 2.61%
Max Local Sales Tax Rate: 4.75%
Average Combined Sales Tax Rate: 8.86%
Combined Sales Tax Rank (out of 50): 7

Minimum State Income Tax Rate If You’re Single: 5.00%
Minimum State Income Tax Rate If You’re Married: 5.00%

General Illinois Population Facts

In civilian labor force, total, percent of population age 16 years+: 65.00%
In civilian labor force, female, percent of population age 16 years+: 60.40%
Share of population which is foreign born: 14.10%
Mean travel time to work (minutes), workers age 16 years+: 28.4

Housing

Number of Housing Units: 5,471,027
Owner-occupied housing unit rate: 66.70%
Median value of owner-occupied housing units: $239,100
Median gross rent per month: $1,179
Households with a computer: 93.50%
Households with a broadband Internet subscription: 88.10%

Education

High school graduate or higher, percent of persons age 25 years+: 90.10%
Bachelor’s degree or higher, percent of persons age 25 years+: 36.70%

Also See

• Illinois Registered Agent Services
• Illinois Secretary of State Business Search
• How To Form an LLC In Illinois
• Illinois Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_Illinois
• https://www.ibisworld.com/united-states/economic-profiles/illinois/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-IL.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/midwest/illinois.htm#eag
• https://www.census.gov/quickfacts/fact/table/IL,US/PST045223
• https://www.50pros.com/fortune500