ZIP Code 60640 — Chicago city, IL Demographics & Data

ZIP code 60640 covers Chicago, IL in Cook County with a population of about 66,884.

At a glance, the area shows median age of 37.4 versus a U.S. median of about 38.9.

It sits in telephone area codes 773, 872; U.S. House district IL-9; the CHICAGO media market.

Chicago, IL sits in a university / college context (near st. augustine college (0.0 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 60640 is about $71,030 — about 5% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 18.7%; unemployment rate near 5.3%; 62.6% of adults with a bachelor’s degree or higher (about 28.9 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Professional services, Healthcare, and Education; about 27.3% of workers reporting work-from-home (about 12.1 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $363,300 — about 4% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,303 (about 12% above the U.S. median rent ($1,163)), and owner-occupancy near 31.3% (about 34.1 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 60640 in Chicago, IL, a household would need roughly $100,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,334. That is about 41% above the local median household income ($71,030), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Chicago city, IL as Very High (composite score 100.0), which is among the highest nationally. The strongest component scores on US5 are flood (99.9) and wildfire (55.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Chicago city, IL show little to no average snow.

IRS migration statistics show a net inflow of about 3,723 for ZIP 60640 (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.