60602

2023 Data
Chicago, Illinois

60602 is a prosperous, upper-middle-class neighborhood in Chicago with affordable housing options.

Population

1,127

Income Rank

Top 68%

53%

$123K

Median Income

vs national

23%

$383K

Home Value

vs national

111%

$2,775

Monthly Rent

vs national

30.3 yrs

Median Age

Chicago 60602 vs National Average

Key metrics versus national medians

Median Income
$123,047+53%

National median: $80,610

Home Value
$383,300+23%

National median: $311,500

Monthly Rent
$2,775+111%

National median: $1,314

College Educated
49.1%+41%

National median: 34.8%

Income Distribution in Chicago 60602

Household income brackets in Chicago, IL

% of Households
Median Income Bracket

This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $123,047.

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Median Household Income in Chicago, IL (60602)

Average income and economic data for 60602

$123,047

Median Household Income

$61,263

Per Capita Income

4.7%

Unemployment Rate

Residents of 60602 earn a median household income of $123,047 per year. This is 53% higher than the national median of $80,610, placing this zip code among the top earners in the country. The per capita income of $61,263 provides insight into individual earning power.

Cost of Living in Chicago 60602

Housing costs, home values, and rent prices in Chicago, IL

Home Buying

Median Home Value$383,300
20% Down Payment$76,660
Est. Monthly Mortgage$2,146

*Estimated at 7% APR, 30-year fixed

Renting

Median Monthly Rent$2,775
Annual Rent Cost$33,300
Rent-to-Income Ratio27%

Affordability Score

How affordable is it to live here?

0
out of 100
Highly Affordable

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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Age Distribution in Chicago (60602)

Population by age and gender in Chicago, IL

Male
Female
Median Age (30.3 yrs)

This population pyramid shows the distribution of residents by age group and gender. The median age in 60602 is 30.3 years, which is younger than the national median of 39 years.

Chicago Demographics & Population (60602)

Population breakdown, age distribution, and diversity in Chicago, IL

1,127

Total Population

30.3

Median Age

49%

College Educated

551

Households

60602 has a population of 1,127 residents in approximately 551 households. The median age of 30.3 years is younger than the national median of 39 years. About 49% of residents have completed higher education.

Chicago Diversity & Ethnicity (60602)

Racial and ethnic demographics in Chicago, IL

White(47.7%)
Asian(21.7%)
Native American(20.6%)
Other(7.3%)
Black(2.8%)

Diversity Index

68

Diverse

0 = Single race, 100 = Perfect diversity

Hispanic/Latino Population

45%

Note: Hispanic/Latino is an ethnicity, counted separately from race

Racial Composition

White
47.7%
Asian
21.7%
Native American
20.6%
Other
7.3%

The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 68, this is a diverse community.

Education Levels in Chicago (60602)

Educational attainment and college graduation rates in Chicago, IL

College Educated (Bachelor's+)

49.1%

National average: 34.8%

High School or Higher

97.3%

National average: 88.6%

Education Breakdown

Less than HS
2.7%
HS Graduate
19%
Some College
16.5%
Associate's Degree
12.7%
Bachelor's Degree
10.9%
Graduate+
38.2%

Educational attainment data shows the highest level of education completed by residents 25 years and older. With 49.1% holding a bachelor's degree or higher, this area exceeds the national average.

What is Chicago 60602 Like?

Neighborhood profile and quality of life in Chicago, IL

Community profile generated from Census data analysis
Community Type

Affluent Professional Community

The 60602 zip code represents a affluent professional community in the Chicago region.

Residents here enjoy significantly above-average household earnings.

Young professionals and new families make up much of the population.

Educational attainment is well above average, with many college graduates.

Best Suited For

  • +Executives & senior professionals
  • +Dual-income families
  • +Remote workers seeking quality of life

May Not Suit

  • -Budget-conscious renters
  • -First-time buyers on limited budgets

Key Characteristics

  • •Higher-than-average household incomes
  • •Young, energetic population
  • •Highly educated residents
  • •Culturally diverse population
  • •Affordable path to homeownership

Typical Resident Profile

A typical 60602 resident is a adult in their early 30s, homeowner in an accessible neighborhood, working in professional or executive career with a college degree.

Lifestyle

Career-focused with emphasis on quality amenities and good schools

Chicago 60602 FAQ

Frequently asked questions about Chicago, IL 60602

The median household income in 60602 (Chicago, IL) is $123,047, which is 53% higher than the national median of $80,610.

The median home value in 60602 is $383,300. A 20% down payment would be $76,660, with an estimated monthly mortgage of $2,146 at current rates.

The median monthly rent in 60602 is $2,775, totaling $33,300 annually. This represents 27% of the median household income.

60602 in Chicago, Illinois is a prosperous, upper-middle-class neighborhood with a median age of 30.3 years. With 49% college graduates, it's a highly educated community.

The unemployment rate in 60602 is 4.7%, lower than the national rate of 4.8%. This means 95.3% of the labor force is employed.

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