ZIP Code 60640: Population, Income, Housing

State: IL

Total population: 65,445 Household income: $73,254 Rent: $1,413

Overview

Total population

65,445

Rent

$1,413

Year built

1946

Household income

$73,254

Per capita income

$59,806

Poverty rate

17.5%

Unemployment rate

N/A

Household size

1.7 persons

Rent over 30% of income

44.8%

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).

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

Chicago

Total population

65,445

Adults over 25

54,305

Total households

37,848

Household size

1.7 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

$73,254

Per capita income

$59,806

Poverty rate

17.5%

Unemployment rate

N/A

Rent over 30% of income

44.8%

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).

Housing

Rent

$1,413

Year built

1946

Households that rent

68.2%

Households that own

31.8%

Rooms per home (all homes)

3.7

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).

Race

White

56.6%

Black

17.2%

Asian

10.4%

Two or more races

10.2%

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).

Ethnicity

Hispanic or Latino

13.5%

Not Hispanic or Latino

86.5%

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

28,669 (68.7%)

Commute time to work

35 mins

Work from home

13,079 (31.3%)

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

18.3%

High school graduate or GED

12.4%

Some college or associate degree

6.5%

Bachelor’s degree or higher

62.9%

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 60640 with: Cook County, IL Chicago, IL Chicago metro area, IL-IN Illinois United States

ZIP 60640

Total population65,445

Rent$1,413

Year built1946

Household income$73,254

Per capita income$59,806

Poverty rate17.5%

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%

Chicago, IL

Total population2,711,226

Rent$1,440

Year built1953

Household income$77,902

Per capita income$50,086

Poverty rate16.8%

Unemployment rate4.6%

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	ZIP60640	CountyCook, IL	CityChicago, IL	Metro AreaChicago metro area, IL-IN	StateIllinois	CountryUnited States
Total population	65,445	5,182,090	2,711,226	9,371,595	12,694,798	334,922,499
Rent	$1,413	$1,435	$1,440	$1,430	$1,274	$1,413
Year built	1946	1961	1953	1971	1971	1980
Household income	$73,254	$83,498	$77,902	$90,887	$83,390	$80,734
Per capita income	$59,806	$49,329	$50,086	$49,513	$46,406	$44,673
Poverty rate	17.5%	13.5%	16.8%	11.2%	11.8%	12.5%
Unemployment rate	N/A	4.6%	4.6%	5.1%	5%	4%

View the full multi-level comparison →

Summary for 60640

Rent & Income

In 60640, the typical monthly rent is $1,413 and the typical household income is $73,254. Rent here is similar to Chicago and higher than Illinois, and household income is lower than both Chicago and Illinois. The estimated poverty rate is 17.5%, which is similar to the Chicago rate and higher than the Illinois rate.

Housing & Affordability

Renters make up about 68.2% of households, making this a predominantly renter area. About 44.8% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is very high, with about 62.9% of adults holding a bachelor’s degree or higher.

ZIP 60640 — Rent vs Household Income

ZIP 60640 — Poverty

How ZIP 60640 compares in Illinois (140 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,413	68 / 140	from lower rent	$810 – $2,585
Household income	$73,254	96 / 140	from higher income	$27,539 – $181,382
Poverty rate	17.5%	107 / 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 60640

Rent

When it comes to rent, ZIP Code 60640 ranks 68th out of 140 ZIP Codes in Illinois. Statewide, values range from $810 in ZIP 61401 up to $2,585 in ZIP 60010.

Household income

Income-wise, this area is placed 96th out of 140 ZIP Codes. Across Illinois, figures vary from $27,539 in ZIP 61820 up to $181,382 in ZIP 60564.

Poverty rate

When it comes to poverty, ZIP Code 60640 places 107th out of 140 ZIP Codes. Throughout Illinois, numbers span from 2.4% in ZIP 60451 up to 47.8% in ZIP 61820.

💰 Rent in ZIP Code 60640 (with Utilities)

Estimated Monthly Rent: $1,413 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 60640

Annual Household Income: $73,254

💡 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 60640

Estimated Rate: 17.5%

💡 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 60640

In ZIP Code 60640, households that rent: 25,825 (68.2%)

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

Household Type	Count	Share
Renter-Occupied	25,825	68.2%
Owner-Occupied	12,023	31.8%

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 60640

In ZIP Code 60640, cost-burdened renters (households spending over 30% of income on housing): 11,564 (44.8%)

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

Household Group	Households	Share
Cost-burdened renters (over 30%)	11,564	44.8%
Other renter households	14,261	55.2%
Total renter households	25,825	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 60640

Less than High School: 9,921 people (18.3%)

Includes adults who did not complete high school.

High School Graduate or GED: 6,725 people (12.4%)

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

Some College or Associate Degree: 3,516 people (6.5%)

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

Bachelor’s Degree or Higher: 34,143 people (62.9%)

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

👥 Total Adults (25+): 54,305

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.