Chicago, IL 60624 is an ideal city for those who want to experience the hustle and bustle of a big city without breaking the bank. The two bedroom rent in this area is $1,210 compared to the US two bedroom rent of $1,430. This makes it an affordable option for families or individuals looking to move into the city. Additionally, the Grocery Cost Index in 60624 Chicago, IL is 94 versus 100 in the US making groceries less expensive than average in this area. \nLocal companies and businesses are plentiful with some of the most well-known being Boeing, Sears Holdings Corporation, Kraft Foods Group Inc., Motorola Solutions Inc., United Continental Holdings Inc., Walgreens Boots Alliance Inc., and McDonald's Corp. There are also many smaller local enterprises like Urbanbelly restaurant chain that offer delicious cuisine; Wicker Park Farmers Market where customers can get fresh produce; Record Breakers comics shop; River North Fitness center; Allure Spa & Salon; and Chuck’s Manufacturing Co offering custom fabrics. With its competitive rent prices and diverse companies and businesses, 60624 Chicago, IL is a great place to live with a lower cost of living than other cities within Illinois and across America.
Chicago (zip 60624) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60624) 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 60624)
- The Sales Tax Rate for Chicago (zip 60624) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60624) 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 60624)
- The average income of a Chicago (zip 60624) resident is $17,145 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60624) resident is $29,102 a year. The US average is $69,021 a year.