Zip Code
60123
City
Elgin, IL
Population & Migration
What is the forecasted population for Zip code 60123 Elgin, IL?
- Population census 2020
- 49,765
- Forecasted population 2025
- 50,607
- 1.7% vs. 2020
- Forecasted population 2030
- 51,679
- 3.8% vs. 2020
Zip code 60123 Elgin, IL population is forecasted to decrease 1.7% by 2025 (-3.0 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 50,607 people for 2025 zip code 60123 Elgin, IL will generate a good demand for housing, which is expected to have a deficit of 713 houses for 2030. Vacancy rate is 6.5 points below national US average.
- Total homes available 2020
- 18,147
- Estimated total home demand in 2030
- 18,860
- Total homes balance inventory
- 713
Average Household Income in zip code 60123 Elgin, IL
from Internal Revenue Service
- Average household income in 2021
- $88,583
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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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 60123 Elgin, IL?
County total number of drinking water violations
1191
+427%
226
County total number of drinking water contaminations
80
+248%
23
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