Zip 60618 (Chicago, IL) Economy


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60618 Chicago, IL has a 2 bedroom rent of $1,590 which is slightly more than the US average of $1,430. Additionally, its Grocery Cost Index of 102 versus 100 in the US means that groceries are slightly more expensive than the national average. Local companies within 60518 include Wintrust Financial Corporation, White Lodging Services Corporation and Equity Commonwealth. Wintrust Financial Corporation provides banking services to clients in Illinois and Wisconsin while White Lodging Services Corporation is one of America’s largest hotel management companies. Equity Commonwealth is a real estate investment trust that owns office properties throughout the United States.

Chicago (zip 60618) has an unemployment rate of 9.0%. The US average is 6.0%.

Chicago (zip 60618) 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 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Chicago (zip 60618)
- The Sales Tax Rate for Chicago (zip 60618) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60618) 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 Chicago (zip 60618)
- The average income of a Chicago (zip 60618) resident is $32,029 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60618) resident is $91,650 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChicago, IllinoisUnited States
  96
  -9.4%-6.2%
  25.7%33.5%
  10.3%6.2%
  5.0%4.6%
  $51,582$37,638
  $91,650$69,021
  $112,613$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  4.5%6.8%
  6.6%10.0%
  2.5%2.5%
  9.9%11.0%
  4.3%4.8%
  0.7%0.8%
  3.0%1.9%
  6.6%4.7%
  2.2%1.9%
  15.6%7.6%
  0.0%0.1%
  3.5%4.2%
  9.1%9.3%
  12.2%14.0%
  3.1%2.1%
  9.0%7.0%
  4.8%4.8%
  2.4%4.7%
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