Zip Code

60640

City

Chicago, IL

Population & Migration

What is the forecasted population for Zip code 60640 Chicago, IL?

Population census 2020
69,726
Forecasted population 2025
67,124
-3.7% vs. 2020
Forecasted population 2030
66,813
-4.2% vs. 2020

Zip code 60640 Chicago, IL population is forecasted to decrease -3.7% by 2025 (-8.4 points below the 4.7% national average).

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Housing and Affordability

With a forecasted population of 67,124 people for 2025 zip code 60640 Chicago, IL will generate a good demand for housing, which is expected to have an excess of -1,617 houses for 2030. Vacancy rate is 2.0 points below national US average.

Total homes available 2020
38,720
Estimated total home demand in 2030
37,102
Total homes balance inventory
-1,617

Average Household Income in zip code 60640 Chicago, IL
from Internal Revenue Service

Average household income in 2021
$88,968

Affordability

Affordability Index
3

Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5

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Drinking water violations

How is the quality of drinking water in Zip code 60640 Chicago, IL?

County total number of drinking water violations

3829

+1594%

226

County total number of drinking water contaminations

82

+257%

23

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