Zip 60649 (Chicago, IL) Economy


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Chicago's zip code 60649 is located in the city of Chicago, Illinois. This area is home to a number of local companies such as Walgreens, FedEx Office and CareNow Urgent Care. The cost of living is also quite low in this area. The average rent for a two bedroom apartment in 60649 is $1,240 which is less than the US national average of $1,430. In addition to affordable housing costs, groceries are also inexpensive with an index score of 94 compared to 100 for the US as a whole.

Chicago (zip 60649) has an unemployment rate of 9.0%. The US average is 6.0%.

Chicago (zip 60649) 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 60649)
- The Sales Tax Rate for Chicago (zip 60649) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60649) 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 60649)
- The average income of a Chicago (zip 60649) resident is $27,840 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60649) resident is $38,026 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChicago, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Chicago
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Over 15 years ago

In the winter we get between 3-6 inches of snow. It does not warm up above 70 degrees until June-September. There is a nice breeze from the lake in the summer.  More

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Over 17 years ago

Great, diverse  More

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