The 60638 Chicago, IL area is known for its affordability and convenience. With a population of around 17,000 people, it's a densely populated city with lots of job opportunities and entertainment options. The two bedroom rental rate in this area is $1,270 as compared to the U.S. average of $1,430. Grocery cost index here is 97 which is slightly lower than the national average of 100.
There are several well-known companies located in this area such as Walgreens, GATX Corporation, Bank One Corporation and CNA Financial Corporation. These companies provide employment opportunities to the local residents and help boost the economy of the region. There are also plenty of recreational activities available to people living in this zip code such as visiting the nearby Lincoln Park Zoo or exploring Chinatown Chicago. All these factors make 60638 an attractive place to live for those looking for an affordable yet vibrant lifestyle.
Chicago (zip 60638) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60638) 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 60638)
- The Sales Tax Rate for Chicago (zip 60638) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60638) 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 60638)
- The average income of a Chicago (zip 60638) resident is $33,003 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60638) resident is $76,258 a year. The US average is $69,021 a year.