Zip 60173 (Schaumburg, IL) Economy


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Schaumburg, IL is a vibrant suburban village located in 60173 zip code. It’s close proximity to O'Hare International Airport makes it attractive for many businesses, including Motorola Solutions, Zurich North America, Woodfield Mall, and Alexian Brothers Health System. The median 2 bedroom rent in Schaumburg is $1,910 which is slightly higher than the national median of $1,430. Additionally, the Grocery Cost Index in Schaumburg is 97 whereas 100 is the national average meaning groceries are more expensive here than in other parts of the United States.

Schaumburg (zip 60173) has an unemployment rate of 5.3%. The US average is 6.0%.

Schaumburg (zip 60173) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.

Tax Rates for Schaumburg (zip 60173)
- The Sales Tax Rate for Schaumburg (zip 60173) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Schaumburg (zip 60173) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Schaumburg (zip 60173)
- The average income of a Schaumburg (zip 60173) resident is $39,783 a year. The US average is $28,555 a year.
- The Median household income of a Schaumburg (zip 60173) resident is $96,393 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySchaumburg, IllinoisUnited States
  5.36
  -9.4%-6.2%
  27.9%33.5%
  10.0%6.2%
  5.0%4.6%
  $58,534$37,638
  $96,393$69,021
  $115,699$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  1.7%6.8%
  8.8%10.0%
  3.4%2.5%
  8.8%11.0%
  6.9%4.8%
  0.1%0.8%
  2.2%1.9%
  11.3%4.7%
  1.7%1.9%
  21.3%7.6%
  0.2%0.1%
  3.5%4.2%
  7.4%9.3%
  10.2%14.0%
  2.6%2.1%
  5.6%7.0%
  2.9%4.8%
  1.2%4.7%
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