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Ford County, Illinois Economic Analysis


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Economic Analysis

People and the communities they live in depend on money. The people of Ford County, Illinois need food, shelter, clothing, and medical care. Business formation and job creation are essential to this community. Money sustains infrastructure such as roads and airports as well as human resources including fire rescue and police protection.

Energy Costs In Illinois

    Residential
(cents per
kilowatthour)
Commercial
(cents per
kilowatthour)
Industrial
(cents per
kilowatthour)
Other
(cents per
kilowatthour)
Transportation
(cents per
kilowatthour)
Total
(cents per
kilowatthour)
1990              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.92 7.77 5.40 6.70 0.00 7.49
  Total Electric Industry 9.92 7.77 5.40 6.70 0.00 7.49
1991              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.87 7.95 5.49 6.84 0.00 7.63
  Total Electric Industry 9.87 7.95 5.49 6.84 0.00 7.63
1992              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.29 8.09 5.47 6.93 0.00 7.69
  Total Electric Industry 10.29 8.09 5.47 6.93 0.00 7.69
1993              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.28 8.00 5.45 7.03 0.00 7.75
  Total Electric Industry 10.28 8.00 5.45 7.03 0.00 7.75
1994              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.98 7.68 5.18 6.47 0.00 7.41
  Total Electric Industry 9.98 7.68 5.18 6.47 0.00 7.41
1995              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.37 7.88 5.27 6.80 0.00 7.69
  Total Electric Industry 10.37 7.88 5.27 6.80 0.00 7.69
1996              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.34 7.97 5.24 6.84 0.00 7.69
  Total Electric Industry 10.34 7.97 5.24 6.84 0.00 7.69
1997              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 10.43 7.93 5.29 6.84 0.00 7.71
  Total Electric Industry 10.43 7.93 5.29 6.84 0.00 7.71
1998              
  Energy-Only Providers 0.00 0.00 0.00 0.00 0.00 0.00
  Full-Service Providers 9.85 7.77 5.11 6.80 0.00 7.46
  Total Electric Industry 9.85 7.77 5.11 6.80 0.00 7.46
1999              
  Energy-Only Providers 5.00 2.42 2.14 0.00 0.00 2.23
  Full-Service Providers 8.83 7.39 5.02 5.95 0.00 6.98
  Total Electric Industry 8.83 7.38 4.99 5.95 0.00 6.96
2000              
  Energy-Only Providers 0.00 5.49 6.92 0.00 0.00 6.28
  Full-Service Providers 8.83 7.53 4.76 5.55 0.00 6.99
  Total Electric Industry 8.83 7.31 4.99 5.63 0.00 6.94
2001              
  Delivery-Only Service 0.00 1.71 0.95 1.48 0.00 1.29
  Energy-Only Providers 0.00 4.60 4.18 4.49 0.00 4.37
  Full-Service Providers 8.71 7.51 4.57 6.48 0.00 7.02
  Total Electric Industry 8.71 7.40 4.65 6.37 0.00 6.90
2002              
  Delivery-Only Service 0.00 2.57 1.62 3.08 0.00 2.02
  Energy-Only Providers 0.00 5.69 3.67 3.97 0.00 4.37
  Full-Service Providers 8.39 7.41 4.75 5.76 0.00 7.01
  Total Electric Industry 8.39 7.52 4.89 5.88 0.00 6.94
2003              
  Delivery-Only Service 0.00 2.30 1.44 0.00 0.00 1.73
  Energy-Only Providers 0.00 4.70 3.67 0.00 0.00 4.02
  Full-Service Providers 8.38 7.35 4.74 0.00 5.87 7.07
  Total Electric Industry 8.38 7.30 4.86 0.00 5.87 6.86
2004              
  Delivery-Only Service 0.00 1.81 1.11 0.00 0.00 1.40
  Energy-Only Providers 0.00 4.15 3.70 0.00 0.00 3.89
  Full-Service Providers 8.37 8.03 4.57 0.00 5.70 7.16
  Total Electric Industry 8.37 7.54 4.65 0.00 5.70 6.80
2005              
  Delivery-Only Service 0.00 1.66 0.89 0.00 0.00 1.25
  Energy-Only Providers 0.00 4.21 3.74 0.00 0.00 3.95
  Full-Service Providers 8.34 8.41 4.60 0.00 5.61 7.37
  Total Electric Industry 8.34 7.75 4.61 0.00 5.61 6.95
2006              
  Delivery-Only Service 0.00 1.54 0.88 0.00 0.00 1.21
  Energy-Only Providers 0.00 4.60 4.35 0.00 0.00 4.47
  Full-Service Providers 8.42 8.59 4.46 0.00 5.59 7.38
  Total Electric Industry 8.42 7.95 4.69 0.00 5.59 7.07

(updated 2006)



Time Leaving to Work in Ford County, Illinois

12:00 A.M. TO 4:59 A.M.   : 312   (4.9%)
5:00 A.M. TO 5:29 A.M.   : 232   (3.6%)
5:30 A.M. TO 5:59 A.M.   : 366   (5.7%)
6:00 A.M. TO 6:29 A.M.   : 722   (11.3%)
6:30 A.M. TO 6:59 A.M.   : 776   (12.2%)
7:00 A.M. TO 7:29 A.M.   : 1,117   (17.5%)
7:30 A.M. TO 7:59 A.M.   : 1,012   (15.9%)
8:00 A.M. TO 8:29 A.M.   : 466   (7.3%)
8:30 A.M. TO 8:59 A.M.   : 190   (3.0%)
9:00 A.M. TO 9:59 A.M.   : 125   (2.0%)
10:00 A.M. TO 10:59 A.M.   : 99   (1.6%)
11:00 A.M. TO 11:59 A.M.   : 24   (0.4%)
12:00 P.M. TO 3:59 P.M.   : 495   (7.8%)
4:00 P.M. TO 11:59 P.M.   : 433   (6.8%)


(updated 2010)



Means Of Transportation
(Ford County, Illinois)

Car, truck, or van:

Drove alone : 5,215

Carpooled:

In 2-person carpool : 819

In 3-person carpool : 69

In 4-person carpool : 40

In 5- or 6-person carpool : 6

In 7-or-more-person carpool : 17

Public transportation (excluding taxicab):

Bus or trolley bus : 0

Streetcar or trolley car (carro publico in Puerto Rico) : 0

Subway or elevated : 0

Railroad : 0

Ferryboat : 0

Taxicab : 0

Motorcycle : 0

Bicycle : 13

Walked : 188

Other means : 45

Worked at home : 355


(updated 2009)



Travel Time To Work
(Ford County, Illinois)

Less than 5 minutes : 970

5 to 9 minutes : 1,155

10 to 14 minutes : 696

15 to 19 minutes : 496

20 to 24 minutes : 452

25 to 29 minutes : 287

30 to 34 minutes : 748

35 to 39 minutes : 248

40 to 44 minutes : 386

45 to 59 minutes : 583

60 to 89 minutes : 235

90 or more minutes : 156


(updated 2009)



Social Security Income In The Past 12 Months For Households
(Ford County, Illinois)

With Social Security income : 1,725

No Social Security income : 3,881


(updated 2009)



Retirement Income In The Past 12 Months For Households
(Ford County, Illinois)

With retirement income : 932

No retirement income : 4,674


(updated 2009)



Family Income (Annual)
(Ford County, Illinois)

Less than $10,000 : 149

$10,000 to $14,999 : 99

$15,000 to $19,999 : 52

$20,000 to $24,999 : 176

$25,000 to $29,999 : 233

$30,000 to $34,999 : 228

$35,000 to $39,999 : 237

$40,000 to $44,999 : 207

$45,000 to $49,999 : 241

$50,000 to $59,999 : 295

$60,000 to $74,999 : 598

$75,000 to $99,999 : 594

$100,000 to $124,999 : 422

$125,000 to $149,999 : 151

$150,000 to $199,999 : 117

$200,000 or more : 9


(updated 2009)



Median Family Income (Annual)
(Ford County, Illinois)

Median family income in the past 12 months (in 2009 inflation-adjusted dollars) : $59,661


(updated 2009)



Occupations in Ford County, Illinois

Male:


  • Management, Professional, And Related Occupations: 977  (26.6%)
  • Service Occupations: 290  (7.9%)
  • Sales And Office Occupations: 455  (12.4%)
  • Farming, Fishing, And Forestry Occupations 73  (2.0%)
  • Construction, Extraction, And Maintenance Occupations: 772  (21.0%)

Female:


  • Management, Professional, And Related Occupations: 875  (27.3%)
  • Service Occupations: 704  (21.9%)
  • Sales And Office Occupations: 1,147  (35.8%)
  • Farming, Fishing, And Forestry Occupations 35  (1.1%)
  • Construction, Extraction, And Maintenance Occupations: 21  (0.7%)


(updated 2010)





Employment Rate In Ford County, Illinois

Employed: 7,173
Unemployed: 329



Minority Owned Firms of 100 or More in
Ford County, Illinois

  • Total Black-owned firms of 100 or more, percent 2002: 0.0%
  • Total American Indian-and Alaska Native-owned firms of 100 or more, percent 2002: 0.0%
  • Total Asian-owned firms of 100 or more, percent 2002: 0.0%
  • Total Hispanic-owned firms of 100 or more, percent 2002: 0.0%
  • Total Native Hawaiian-and Other Pacific Islander-owned firms of 100 or more, percent 2002: 0.0%
  • Total women-owned firms of 100 or more, percent 2002: 38.7%
  • Other: 61.3%



Water Usage In Ford County, Illinois

Ground Water

 
Fresh 2.94 Mgal/d
Saline 0.00 Mgal/d

Total 2.94 Mgal/d
 

Surface Water

 
Fresh 0.00 Mgal/d
Saline 0.00 Mgal/d

Total 0.00 Mgal/d





There are 475 Farms In Ford County, Illinois


(updated 2008)



Banks In Ford County, Illinois

Vermilion Valley Bank - 3 Branches


    Bank Assets: $371k
    Industry Specialization: Agricultural
    Total Offices: 5

Farmers-merchants National Bank Of Paxton - 3 Branches


    Bank Assets: $346.1k
    Industry Specialization: Other < $1 Billion
    Total Offices: 3

First National Bank In Paxton - 2 Branches


    Bank Assets: $161.8k
    Industry Specialization: Agricultural
    Total Offices: 2

Busey Bank - 2 Branches


    Bank Assets: $6.8m
    Industry Specialization: Commercial Lending
    Total Offices: 42

Bank Of Gibson City - 1 Branches


    Bank Assets: $74k
    Industry Specialization: Agricultural
    Total Offices: 1

Heartland Bank And Trust Company - 1 Branches


    Bank Assets: $2.5m
    Industry Specialization: Commercial Lending
    Total Offices: 58

(updated 2014)







Airports Near Ford County, Illinois

  • Rantoul National Aviation Center


    (about 18.4 miles in Rantoul, Illinois; Airport Code: II1)

  • University of Illinois/Willard


    (about 35.5 miles in Savoy, Illinois; Airport Code: CMI)

  • Central Illinois Regional


    (about 37.3 miles in Bloomington, Illinois; Airport Code: BMI)

  • Greater Kankakee


    (about 40.9 miles in Aroma Park, Illinois; Airport Code: IKK)

  • Vermilion Regional


    (about 41.1 miles in Bismarck, Illinois; Airport Code: DNV)

  • Vermillon County


    (about 41.1 miles in Bismarck, Illinois; Airport Code: DNV)

  • Lowell Airport


    (about 59.9 miles in Schneider, Indiana; Airport Code: RQL)

  • Decatur Airport


    (about 60.2 miles in Decatur, Illinois; Airport Code: DEC)

  • Logan County


    (about 64.5 miles in Lincoln, Illinois; Airport Code: II4)

  • Purdue University


    (about 68.5 miles in Lafayette, Indiana; Airport Code: LAF)

  • Lewis University


    (about 73.2 miles in Homer Glen, Illinois; Airport Code: LOT)

  • Lewis University


    (about 73.2 miles in Homer Glen, Illinois; Airport Code: II2)

  • Illinois Valley Regional


    (about 73.5 miles in Peru, Illinois; Airport Code: VYS)

  • Coles County Memorial


    (about 74.2 miles in Mattoon, Illinois; Airport Code: MTO)

  • Greater Peoria


    (about 77.1 miles in Peoria, Illinois; Airport Code: PIA)

  • General Downing - Peoria International


    (about 77.1 miles in Peoria, Illinois; Airport Code: PIA)

  • Gary/Chicago International


    (about 84.8 miles in Gary, Indiana; Airport Code: GYY)

  • Aurora Municipal


    (about 85.2 miles in Sugar Grove, Illinois; Airport Code: AUZ)

  • Chicago Midway International


    (about 88.6 miles in Bedford Park, Illinois; Airport Code: MDW)

  • Porter County Municipal


    (about 88.9 miles in Valparaiso, Indiana; Airport Code: VPZ)


(updated 2015)



Modes of Transportation in Ford County, Illinois

Car, Truck, Or Van:

 

Drove Alone

78.20%

Carpooled

10.61%

Public Transportation:

 

Bus Or Trolley Bus

0.18%

Streetcar Or Trolley Car

0.0%

Subway Or Elevated

0.0%

Railroad

0.0%

Ferryboat

0.0%

Taxicab

0.0%

Motorcycle

0.03%

Bicycle

0.15%

Walked

3.91%

Other Means

0.94%

Worked At Home

5.98%



(updated 2010)





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