60603 Chicago, IL is home to many local businesses, such as the Chicago Barrel Company and Little Goat Diner. The two bedroom rent in the area is $2,190, which is $760 more than the US average. Additionally, Grocery Cost Index in 60603 Chicago, IL is 107 versus 100 in the US, further highlighting the higher cost of living in the area. Despite this higher cost of living, there are many local businesses that thrive and offer great services to locals. The Chicago Barrel Company specializes in providing furniture made from recycled materials while Little Goat Diner offers delicious American fare with a twist. Both businesses offer unique experiences and have become loved staples of the 60603 area.
Chicago (zip 60603) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60603) has seen the job market decrease by -9.4% 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 60603)
- The Sales Tax Rate for Chicago (zip 60603) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60603) 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 60603)
- The average income of a Chicago (zip 60603) resident is $126,850 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60603) resident is $114,394 a year. The US average is $69,021 a year.