60623 is a zip code in the Chicago, IL area. Residents of this area can enjoy 2 bedroom rent for $1,060 which is lower than the US average of $1,430. The Grocery Cost Index in 60213 is 95 compared to 100 in the US. There are a range of local companies available to residents including national brands such as Target and Walmart located near Midway Airport and locally-owned businesses like Baker & Sons Bakery, J & P Grocery, and Times Square Café. Local businesses offer unique amenities and personal customer service that can't be found at larger chains.
Chicago (zip 60623) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60623) 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 60623)
- The Sales Tax Rate for Chicago (zip 60623) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60623) 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 60623)
- The average income of a Chicago (zip 60623) resident is $11,441 a year. The US average is $28,555 a year.
- The Median household income of a Chicago (zip 60623) resident is $35,890 a year. The US average is $69,021 a year.