Income & Economy in Chicago city, IL (60620)
Median Income
$48,805
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+3,702
Wealth inflow
Population
66,511
Unemployment
16.3%
12.6pp above US avg
IRS migration statistics show a net inflow of about 3,702 for ZIP 60620 (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 60620 (2020–Present)
Since 2020, population declined 3.3%, median income rose 5.0% (inflation-adjusted), home values increased 7.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $48,805 |
| Unemployment | 16.3% |
| Establishments | 546 |
| Employees | 7,319 |