60640 is a wonderful area to live in Chicago, IL. Home to many businesses such as Allstate Insurance Company, Morton Salt and CNA Financial Corporation, the neighborhood offers plenty of opportunity for residents. The average two bedroom rent in this area is $1,770 per month, which is slightly higher than the US average of $1,430 but grocery costs are lower with an index of 97 compared to the US average of 100. This makes 60640 an attractive option for those looking for employment opportunities and more affordable living.
Chicago (zip 60640) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60640) 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 60640)
- The Sales Tax Rate for Chicago (zip 60640) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60640) 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 60640)
- The average income of a Chicago (zip 60640) resident is $48,583 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60640) resident is $63,660 a year. The US average is $69,021 a year.