Zip 60643 (Chicago, IL) Economy


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The zip code of 60643 in Chicago, Illinois is a great place to live due to its affordability. The average two-bedroom rent here is $1,280, which is significantly lower than the national average of $1,430. Similarly, the Grocery Cost Index in 60643 is 95 versus 100 nationally.
The area offers plenty of amenities and local attractions for people of all ages. There are several popular places nearby such as the shopping center, Hyde Park Shopping Center, offering retail stores and restaurants; grocery stores like Walmart Supercenter and Food 4 Less; parks like Jackson Park & Wooded Island Park; and entertainment spots including movie theaters and bowling alleys. There are also several local companies like Sprout Social Inc., Lakeshore Recycling Systems LLC., Air Sea Containers Inc., and Traton Homes located within this zip code.

Chicago (zip 60643) has an unemployment rate of 9.0%. The US average is 6.0%.

Chicago (zip 60643) 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 60643)
- The Sales Tax Rate for Chicago (zip 60643) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60643) 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 60643)
- The average income of a Chicago (zip 60643) resident is $28,288 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60643) resident is $73,285 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%
  $37,873$37,638
  $73,285$69,021
  $91,794$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.6%6.8%
  4.6%10.0%
  2.1%2.5%
  7.1%11.0%
  10.1%4.8%
  0.4%0.8%
  2.2%1.9%
  4.5%4.7%
  2.1%1.9%
  7.5%7.6%
  0.1%0.1%
  7.2%4.2%
  12.3%9.3%
  15.5%14.0%
  2.4%2.1%
  5.2%7.0%
  4.3%4.8%
  9.7%4.7%
Health