Zip 60712 (Lincolnwood, IL) Economy


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60712 Lincolnwood, IL is a great city to settle down in. The 2 bedroom rent in the area is $2,170 which is significantly higher than the US average at $1,430. Additionally, grocery costs are higher than the US index with an index of 101 compared to 100 throughout the nation.
The city of Lincolnwood offers many local businesses and cultural points of interest for its residents. There are many restaurants like Keefer's Corner Cafe & Pizzeria and King Wah Chinese Restaurant that offer delicious meals. Additionally, there are plenty of shopping stops such as Walmart and Bricks 4 Kidz where you can find anything you need. Cultural places include places like Sharko’s Music & Arts Center, where people can learn music or take classes in art. Other attractions include North Park Village Nature Center and Lincolnwood Town Center Mall which offer great experiences as well.

Lincolnwood (zip 60712) has an unemployment rate of 8.4%. The US average is 6.0%.

Lincolnwood (zip 60712) 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 25.8%, which is lower than the US average of 33.5%.

Tax Rates for Lincolnwood (zip 60712)
- The Sales Tax Rate for Lincolnwood (zip 60712) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lincolnwood (zip 60712) 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 Lincolnwood (zip 60712)
- The average income of a Lincolnwood (zip 60712) resident is $48,641 a year. The US average is $37,638 a year.
- The Median household income of a Lincolnwood (zip 60712) resident is $95,650 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLincolnwood, 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%
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