60657

2023 Data
Chicago, Illinois

60657 is a comfortable, middle-class neighborhood in Chicago with a competitive housing market.

Population

71,268

Income Rank

Top 62%

35%

$109K

Median Income

vs national

72%

$535K

Home Value

vs national

40%

$1,839

Monthly Rent

vs national

31.3 yrs

Median Age

How 60657 Compares

Key metrics versus national medians

Median Income
$109,025+35%

National median: $80,610

Home Value
$534,500+72%

National median: $311,500

Monthly Rent
$1,839+40%

National median: $1,314

College Educated
86.6%+149%

National median: 34.8%

Income Distribution in 60657

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 $109,025.

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What is the Average Income in 60657?

Household earnings and economic conditions

$109,025

Median Household Income

$94,745

Per Capita Income

3.4%

Unemployment Rate

Residents of 60657 earn a median household income of $109,025 per year. This is 35% higher than the national median of $80,610. The per capita income of $94,745 provides insight into individual earning power.

How Much Does it Cost to Live in 60657?

Real estate market and rental conditions in Chicago

Home Buying

Median Home Value$534,500
20% Down Payment$106,900
Est. Monthly Mortgage$2,993

*Estimated at 7% APR, 30-year fixed

Renting

Median Monthly Rent$1,839
Annual Rent Cost$22,068
Rent-to-Income Ratio20%

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 60657

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 60657 is 31.3 years, which is younger than the national median of 39 years.

Who Lives in 60657? Demographics & Population

Age, diversity, and population breakdown

71,268

Total Population

31.3

Median Age

87%

College Educated

39,636

Households

60657 has a population of 71,268 residents in approximately 39,636 households. The median age of 31.3 years is younger than the national median of 39 years. With 87% of residents holding bachelor's degrees or higher, this is a highly educated community.

Diversity & Ethnicity in 60657

Racial and ethnic composition of the community

White(79.9%)
Two or More(7.2%)
Asian(6.5%)
Black(3.7%)
Other(2.3%)
Native American(0.3%)
Pacific Islander(0.1%)

Diversity Index

35

Moderate

0 = Single race, 100 = Perfect diversity

Hispanic/Latino Population

9.1%

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

Racial Composition

White
79.9%
Two or More
7.2%
Asian
6.5%
Black
3.7%

The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 35, this community has moderate diversity.

Education Levels in 60657

Educational attainment of adults 25 and older

College Educated (Bachelor's+)

86.6%

National average: 34.8%

High School or Higher

98.8%

National average: 88.6%

Education Breakdown

Less than HS
1.2%
HS Graduate
4%
Some College
6%
Associate's Degree
2.1%
Bachelor's Degree
49.1%
Graduate+
37.5%

Educational attainment data shows the highest level of education completed by residents 25 years and older. With 86.6% holding a bachelor's degree or higher, this area exceeds the national average.

What is 60657 Like? Neighborhood Profile

Community personality and lifestyle analysis

Community profile generated from Census data analysis
Community Type

College Town Area

The 60657 zip code represents a college town area in the Chicago region.

Household incomes are notably higher than the national average.

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

  • +Students and academics
  • +Young professionals
  • +Those seeking cultural activities

May Not Suit

  • -Families seeking quiet
  • -Those bothered by transient neighbors

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 60657 resident is a adult in their early 30s, renter with manageable housing costs, working in white-collar professional role with advanced education.

Lifestyle

Intellectually stimulating with cultural events, diverse dining, and youthful energy

Frequently Asked Questions

Common questions about 60657 Chicago, IL

The median household income in 60657 (Chicago, IL) is $109,025, which is 35% higher than the national median of $80,610.

The median home value in 60657 is $534,500. A 20% down payment would be $106,900, with an estimated monthly mortgage of $2,993 at current rates.

The median monthly rent in 60657 is $1,839, totaling $22,068 annually. This represents 20% of the median household income.

60657 in Chicago, Illinois is a comfortable, middle-class neighborhood with a median age of 31.3 years. With 87% college graduates, it's a highly educated community.

The unemployment rate in 60657 is 3.4%, lower than the national rate of 4.8%. This means 96.6% of the labor force is employed.

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