Income & Economy in Summit village, IL (60501)
Median Income
$62,110
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+640
Wealth inflow
Population
11,490
Unemployment
6.9%
3.2pp above US avg
IRS migration statistics show a net inflow of about 640 for ZIP 60501 (Summit 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 60501 (2020–Present)
Since 2020, population declined 3.0%, median income rose 0.7% (inflation-adjusted), home values increased 2.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $62,110 |
| Unemployment | 6.9% |
| Establishments | 247 |
| Employees | 4,212 |