60614

2023 Data
Chicago, Illinois

60614 is a prosperous, upper-middle-class neighborhood in Chicago with a competitive housing market.

Population

70,444

Income Rank

Top 74%

73%

$140K

Median Income

vs national

135%

$731K

Home Value

vs national

54%

$2,019

Monthly Rent

vs national

31.3 yrs

Median Age

How 60614 Compares

Key metrics versus national medians

Median Income
$139,561+73%

National median: $80,610

Home Value
$730,700+135%

National median: $311,500

Monthly Rent
$2,019+54%

National median: $1,314

College Educated
86.1%+147%

National median: 34.8%

Income Distribution in 60614

How household incomes are distributed across brackets

% 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 $139,561.

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What is the Average Income in 60614?

Household earnings and economic conditions

$139,561

Median Household Income

$112,973

Per Capita Income

3.6%

Unemployment Rate

Residents of 60614 earn a median household income of $139,561 per year. This is 73% higher than the national median of $80,610, placing this zip code among the top earners in the country. The per capita income of $112,973 provides insight into individual earning power.

How Much Does it Cost to Live in 60614?

Real estate market and rental conditions in Chicago

Home Buying

Median Home Value$730,700
20% Down Payment$146,140
Est. Monthly Mortgage$4,092

*Estimated at 7% APR, 30-year fixed

Renting

Median Monthly Rent$2,019
Annual Rent Cost$24,228
Rent-to-Income Ratio17%

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 60614

Population breakdown by age and gender

Male
Female
Median Age (31.3 yrs)

This population pyramid shows the distribution of residents by age group and gender. The median age in 60614 is 31.3 years, which is younger than the national median of 39 years.

Who Lives in 60614? Demographics & Population

Age, diversity, and population breakdown

70,444

Total Population

31.3

Median Age

86%

College Educated

34,603

Households

60614 has a population of 70,444 residents in approximately 34,603 households. The median age of 31.3 years is younger than the national median of 39 years. With 86% of residents holding bachelor's degrees or higher, this is a highly educated community.

Diversity & Ethnicity in 60614

Racial and ethnic composition of the community

White(80.4%)
Asian(7.6%)
Two or More(6.1%)
Black(3.4%)
Other(2.4%)
Native American(0%)
Pacific Islander(0%)

Diversity Index

34

Moderate

0 = Single race, 100 = Perfect diversity

Hispanic/Latino Population

7.2%

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

Racial Composition

White
80.4%
Asian
7.6%
Two or More
6.1%
Black
3.4%

The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 34, this community has moderate diversity.

Education Levels in 60614

Educational attainment of adults 25 and older

College Educated (Bachelor's+)

86.1%

National average: 34.8%

High School or Higher

98.1%

National average: 88.6%

Education Breakdown

Less than HS
1.9%
HS Graduate
3.4%
Some College
6.3%
Associate's Degree
2.3%
Bachelor's Degree
45.6%
Graduate+
40.5%

Educational attainment data shows the highest level of education completed by residents 25 years and older. With 86.1% holding a bachelor's degree or higher, this area exceeds the national average.

What is 60614 Like? Neighborhood Profile

Community personality and lifestyle analysis

Community profile generated from Census data analysis
Community Type

Affluent Professional Community

As a affluent professional community, 60614 offers a distinctive living experience in Chicago.

Residents here enjoy significantly above-average household earnings.

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

This is a highly educated community with most adults holding college degrees.

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
  • Competitive real estate market relative to incomes
  • Reasonable rental costs for the area

Typical Resident Profile

A typical 60614 resident is a adult in their early 30s, renter with manageable housing costs, working in professional or executive career with advanced education.

Lifestyle

Career-focused with emphasis on quality amenities and good schools

Frequently Asked Questions

Common questions about 60614 Chicago, IL

The median household income in 60614 (Chicago, IL) is $139,561, which is 73% higher than the national median of $80,610.

The median home value in 60614 is $730,700. A 20% down payment would be $146,140, with an estimated monthly mortgage of $4,092 at current rates.

The median monthly rent in 60614 is $2,019, totaling $24,228 annually. This represents 17% of the median household income.

60614 in Chicago, Illinois is a prosperous, upper-middle-class neighborhood with a median age of 31.3 years. With 86% college graduates, it's a highly educated community.

The unemployment rate in 60614 is 3.6%, lower than the national rate of 4.8%. This means 96.4% of the labor force is employed.

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