Chicago, IL 60647 is a location in the Midwest known for its culture and diversity. The cost of living here is slightly higher than the national average. The median rent for a two bedroom apartment in this zip code is $1,670 which is about $240 more than the national average. Grocery cost index in this area is 102 versus 100 nationally. There are many local businesses in the neighborhood such as Honey Butter Fried Chicken, Big Onion Tavern Group, and Slurping Turtle. These businesses provide great food options to residents and visitors alike. Local stores like Target, Kohl's and Trader Joe's provide all your grocery needs with prices that are competitive with the rest of the nation. Chicago 60647 provides an exciting city life with plenty of attractions and activities while still being affordable for its residents.
Chicago (zip 60647) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60647) 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 60647)
- The Sales Tax Rate for Chicago (zip 60647) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60647) 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 60647)
- The average income of a Chicago (zip 60647) resident is $31,155 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60647) resident is $89,974 a year. The US average is $69,021 a year.