Located in Chicago, IL, the 60616 zip code offers a 2 bedroom rent of $1,460, slightly higher than the US average of $1,430. The area also has a grocery cost index of 98 compared to 100 in the US. Companies in this area include Boeing, Allstate Insurance, and United Airlines among others. Additionally, local businesses such as K&L Catering and Petrovitsky Bakery add to the unique flavor of the 60616 zip code.
Chicago (zip 60616) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60616) 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 60616)
- The Sales Tax Rate for Chicago (zip 60616) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60616) 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 60616)
- The average income of a Chicago (zip 60616) resident is $43,230 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60616) resident is $65,489 a year. The US average is $69,021 a year.