60601 is a prosperous, upper-middle-class neighborhood in Chicago with a competitive housing market.
Population
16,292
Income Rank
Top 69%
$127K
Median Income
vs national
$495K
Home Value
vs national
$2,451
Monthly Rent
vs national
33.5 yrs
Median Age
Key metrics versus national medians
National median: $80,610
National median: $311,500
National median: $1,314
National median: 34.8%
Household income brackets in Chicago, IL
This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $127,323.
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Average income and economic data for 60601
$127,323
Median Household Income
$148,250
Per Capita Income
2.0%
Unemployment Rate
Residents of 60601 earn a median household income of $127,323 per year. This is 58% higher than the national median of $80,610, placing this zip code among the top earners in the country. The per capita income of $148,250 provides insight into individual earning power.
Housing costs, home values, and rent prices in Chicago, IL
*Estimated at 7% APR, 30-year fixed
How affordable is it to live here?
How is this calculated?
Based on the standard 4x annual income mortgage guideline used by lenders: (Median Income x 4) / Median Home Value, combined with the 28% rent-to-income ratio recommended by financial advisors. This is not financial advice.
Strong income-to-cost ratio makes this area financially accessible for most households.
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Population by age and gender in Chicago, IL
This population pyramid shows the distribution of residents by age group and gender. The median age in 60601 is 33.5 years, which is younger than the national median of 39 years.
Population breakdown, age distribution, and diversity in Chicago, IL
16,292
Total Population
33.5
Median Age
39%
College Educated
9,629
Households
60601 has a population of 16,292 residents in approximately 9,629 households. The median age of 33.5 years is younger than the national median of 39 years. About 39% of residents have completed higher education.
Racial and ethnic demographics in Chicago, IL
Diversity Index
60
Diverse
0 = Single race, 100 = Perfect diversity
Hispanic/Latino Population
6.5%
Note: Hispanic/Latino is an ethnicity, counted separately from race
Racial Composition
The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 60, this is a diverse community.
Educational attainment and college graduation rates in Chicago, IL
College Educated (Bachelor's+)
85.7%
National average: 34.8%
High School or Higher
95.4%
National average: 88.6%
Education Breakdown
Educational attainment data shows the highest level of education completed by residents 25 years and older. With 39.1% holding a bachelor's degree or higher, this area exceeds the national average.
Neighborhood profile and quality of life in Chicago, IL
Located in Chicago, the 60601 area is best described as a mixed transitional area.
Residents here enjoy significantly above-average household earnings.
The area attracts a mix of young professionals and established families.
Education levels match or exceed national norms.
A typical 60601 resident is a adult in their mid-30s, homeowner in a comfortable property, working in white-collar professional role with a college degree.
Lifestyle
Evolving neighborhood with mix of long-time residents and newcomers
Frequently asked questions about Chicago, IL 60601
The median household income in 60601 (Chicago, IL) is $127,323, which is 58% higher than the national median of $80,610.
The median home value in 60601 is $495,400. A 20% down payment would be $99,080, with an estimated monthly mortgage of $2,774 at current rates.
The median monthly rent in 60601 is $2,451, totaling $29,412 annually. This represents 23% of the median household income.
60601 in Chicago, Illinois is a prosperous, upper-middle-class neighborhood with a median age of 33.5 years. The area has diverse educational backgrounds.
The unemployment rate in 60601 is 2.0%, lower than the national rate of 4.8%. This means 98.0% of the labor force is employed.
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