Chicago, IL 60656 is a great place to call home with an estimated 2 bedroom rent of $1,390 which is cheaper than the US average of $1,430. Grocery costs are also below the US index at 99 versus 100. This makes it an affordable place to live. With easy access to public transportation and lots of entertainment options nearby, there’s plenty to do without breaking the bank. The strong local job market is another plus; top employers include Walgreens, Bank of America, Sears Holding Corp., Allstate Insurance Company and Jewel-Osco. Living in Chicago also gives you access to some amazing cultural activities such as a vibrant music scene, world-class museums and art galleries plus a wide selection of restaurants and parks. In conclusion, the cost of living combined with the convenience and culture make Chicago IL 60656 an attractive option for anyone looking to call it home.
Chicago (zip 60656) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60656) has seen the job market decrease by -0.2% 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 60656)
- The Sales Tax Rate for Chicago (zip 60656) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60656) 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 60656)
- The average income of a Chicago (zip 60656) resident is $29,736 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60656) resident is $75,006 a year. The US average is $69,021 a year.