Zip 60632 (Chicago, IL) Economy


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60632 is an area of Chicago, Illinois with a 2 Bedroom Rent of $1070. This is significantly less than the US average of $1430. The Grocery Cost Index in this area is 96 which is 4 points lower than the US average of 100. This makes it a great place to live for those looking for affordable rent and grocery options. Local companies in 60632 include Mari's Deli, Comfy Cow Ice Cream, Suzy's Swirl Yogurt & Treats, and Naveen Groceries. These businesses provide a variety of services and food items at reasonable prices, making them popular with locals and visitors alike.

Chicago (zip 60632) has an unemployment rate of 9.0%. The US average is 6.0%.

Chicago (zip 60632) 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 60632)
- The Sales Tax Rate for Chicago (zip 60632) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60632) 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 60632)
- The average income of a Chicago (zip 60632) resident is $13,597 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60632) resident is $48,791 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%
  $20,041$37,638
  $48,791$69,021
  $54,569$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  9.6%6.8%
  16.0%10.0%
  2.6%2.5%
  10.8%11.0%
  6.5%4.8%
  0.2%0.8%
  0.7%1.9%
  3.5%4.7%
  0.9%1.9%
  3.8%7.6%
  0.1%0.1%
  7.6%4.2%
  5.7%9.3%
  8.5%14.0%
  1.5%2.1%
  12.8%7.0%
  6.7%4.8%
  2.3%4.7%
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