Income & Economy in Chicago city, IL (60616)
Median Income
$77,841
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+3,031
Wealth inflow
Population
54,456
Unemployment
6.4%
2.7pp above US avg
IRS migration statistics show a net inflow of about 3,031 for ZIP 60616 (Chicago city, 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 60616 (2020–Present)
Since 2020, population grew 3.6%, median income rose 6.9% (inflation-adjusted), home values decreased 4.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $77,841 |
| Unemployment | 6.4% |
| Establishments | 1,347 |
| Employees | 24,459 |