ZIP Code 60074: Population, Income, Housing

State: IL

Total population: 36,460 Household income: $84,089 Rent: $1,486

Overview

Total population

36,460

Rent

$1,486

Year built

1976

Household income

$84,089

Per capita income

$41,614

Poverty rate

9.6%

Unemployment rate

N/A

Household size

2.5 persons

Rent over 30% of income

55.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

Illinois

County

Cook County

City

Palatine

Total population

36,460

Adults over 25

25,171

Total households

14,659

Household size

2.5 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$84,089

Per capita income

$41,614

Poverty rate

9.6%

Unemployment rate

N/A

Rent over 30% of income

55.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,486

Year built

1976

Households that rent

38.4%

Households that own

61.6%

Rooms per home (all homes)

5.2

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

56.3%

Black

4.7%

Asian

9.9%

Two or more races

8.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

30.2%

Not Hispanic or Latino

69.8%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

16,969 (84.9%)

Commute time to work

26 mins

Work from home

3,023 (15.1%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

28.4%

High school graduate or GED

19.2%

Some college or associate degree

7.9%

Bachelor’s degree or higher

44.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 60074 with: Cook County, IL Palatine, IL Chicago metro area, IL-IN Illinois United States

ZIP 60074

Total population36,460

Rent$1,486

Year built1976

Household income$84,089

Per capita income$41,614

Poverty rate9.6%

Unemployment rateN/A

Cook County, IL

Total population5,182,090

Rent$1,435

Year built1961

Household income$83,498

Per capita income$49,329

Poverty rate13.5%

Unemployment rate4.6%

Palatine, IL

Total population66,293

Rent$1,549

Year built1977

Household income$97,819

Per capita income$51,147

Poverty rate8.2%

Unemployment rate3.9%

Chicago Metro Area, IL-IN

Total population9,371,595

Rent$1,430

Year built1971

Household income$90,887

Per capita income$49,513

Poverty rate11.2%

Unemployment rate5.1%

Illinois State

Total population12,694,798

Rent$1,274

Year built1971

Household income$83,390

Per capita income$46,406

Poverty rate11.8%

Unemployment rate5%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP60074	CountyCook, IL	VillagePalatine, IL	Metro AreaChicago metro area, IL-IN	StateIllinois	CountryUnited States
Total population	36,460	5,182,090	66,293	9,371,595	12,694,798	334,922,499
Rent	$1,486	$1,435	$1,549	$1,430	$1,274	$1,413
Year built	1976	1961	1977	1971	1971	1980
Household income	$84,089	$83,498	$97,819	$90,887	$83,390	$80,734
Per capita income	$41,614	$49,329	$51,147	$49,513	$46,406	$44,673
Poverty rate	9.6%	13.5%	8.2%	11.2%	11.8%	12.5%
Unemployment rate	N/A	4.6%	3.9%	5.1%	5%	4%

View the full multi-level comparison →

Summary for 60074

Rent & Income

In 60074, the typical monthly rent is $1,486 and the typical household income is $84,089. Rent here is similar to Palatine Village and higher than Illinois, and household income is lower than Palatine Village and similar to Illinois. The estimated poverty rate is 9.6%, which is higher than the Palatine Village rate but lower than the Illinois rate.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 38.4% of households. About 55.7% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 44.4% of adults holding a bachelor’s degree or higher.

ZIP 60074 — Rent vs Household Income

ZIP 60074 — Poverty

How ZIP 60074 compares in Illinois (140 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,486	76 / 140	from lower rent	$810 – $2,585
Household income	$84,089	80 / 140	from higher income	$27,539 – $181,382
Poverty rate	9.6%	66 / 140	from lower poverty	2.4% – 47.8%

Rankings are calculated among ZIP Codes in Illinois with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 60074

Rent

For rent, this ZIP is positioned 76th out of 140 ZIP Codes in Illinois. In Illinois as a whole, the range goes from $810 in ZIP 61401 up to $2,585 in ZIP 60010.

Household income

For household income, ZIP Code 60074 ranks 80th out of 140 ZIP Codes. Statewide, values range from $27,539 in ZIP 61820 up to $181,382 in ZIP 60564.

Poverty rate

For poverty levels, this ZIP is positioned 66th out of 140 ZIP Codes. Across Illinois, figures vary from 2.4% in ZIP 60451 up to 47.8% in ZIP 61820.

💰 Rent in ZIP Code 60074 (with Utilities)

Estimated Monthly Rent: $1,486 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 60074

Annual Household Income: $84,089

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 60074

Estimated Rate: 9.6%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 60074

In ZIP Code 60074, households that rent: 5,635 (38.4%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	5,635	38.4%
Owner-Occupied	9,024	61.6%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 60074

In ZIP Code 60074, cost-burdened renters (households spending over 30% of income on housing): 3,137 (55.7%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	3,137	55.7%
Other renter households	2,498	44.3%
Total renter households	5,635	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 60074

Less than High School: 7,148 people (28.4%)

Includes adults who did not complete high school.

High School Graduate or GED: 4,844 people (19.2%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 1,996 people (7.9%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 11,183 people (44.4%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 25,171

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.