60620 in Chicago, IL is a great place to live with many amenities at an affordable rate. The average two bedroom rent is only $1,170, which is significantly lower than the US average of $1,430. Not only that, but groceries here are also more affordable compared to other parts of the country with a Grocery Cost Index of 94 versus 100 in the US. In fact, local stores like Aldi and Whole Foods Market offer high quality products at competitive prices. Additionally, the neighborhood has numerous restaurants and bars offering delicious meals at reasonable cost. For those looking for an affordable place to call home with plenty of entertainment options nearby, 60620 in Chicago IL is one of the best places to be!
Chicago (zip 60620) has an unemployment rate of 9.0%. The US average is 6.0%.
Chicago (zip 60620) has seen the job market decrease by -9.4% 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 60620)
- The Sales Tax Rate for Chicago (zip 60620) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Chicago (zip 60620) 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 60620)
- The average income of a Chicago (zip 60620) resident is $22,465 a year. The US average is $37,638 a year.
- The Median household income of a Chicago (zip 60620) resident is $40,117 a year. The US average is $69,021 a year.