Zip 60605 (Chicago, IL) Economy


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60605 Chicago, IL is a great place to live for those looking to be close to the city. The average two bedroom rent in this area of Chicago is $2,140, which is significantly more than the US average of $1,430. Grocery Cost Index here is 99 versus 100 in the US. This means you get slightly cheaper groceries compared to other areas in the United States. There are many great local companies in 60605 including Wrigley Field Rooftops, Lakeshore Learning Store, and Ehrlich Pest Control. Wrigley Field Rooftops offers rooftop seating for baseball games at Wrigley Field. Lakeshore Learning Store provides educational supplies and toys for children of any age. Ehrlich Pest Control specializes in commercial and residential pest control services. These businesses provide unique services that make living in 60605 a great experience!

Chicago (zip 60605) has an unemployment rate of 9.0%. The US average is 6.0%.

Chicago (zip 60605) 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 60605)
- The Sales Tax Rate for Chicago (zip 60605) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60605) 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 60605)
- The average income of a Chicago (zip 60605) resident is $60,988 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60605) resident is $112,162 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%
  $85,947$37,638
  $112,162$69,021
  $187,721$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  1.2%6.8%
  4.5%10.0%
  2.2%2.5%
  6.1%11.0%
  2.7%4.8%
  0.4%0.8%
  3.5%1.9%
  10.1%4.7%
  2.4%1.9%
  25.2%7.6%
  0.1%0.1%
  1.5%4.2%
  10.6%9.3%
  18.1%14.0%
  2.6%2.1%
  2.2%7.0%
  3.0%4.8%
  3.4%4.7%
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