Income & Economy in Coal City village, IL (60416)
Median Income
$71,865
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+516
Wealth inflow
Population
9,277
Unemployment
4.2%
0.5pp above US avg
IRS migration statistics show a net inflow of about 516 for ZIP 60416 (Coal City village, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 60416 (2020–Present)
Since 2020, population grew 2.1%, median income fell 11.8% (inflation-adjusted), home values decreased 0.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $71,865 |
| Unemployment | 4.2% |
| Establishments | 157 |
| Employees | 1,560 |