Chicago, IL cityscape

60616

Chicago, IL

Total Population

52,707
5-year trend
+12.0%

Median Household Income

$72,326
5-year trend
+12.9%

Median Home Value

$391,100
5-year trend
+33.4%

Median Rent

$1,240
5-year trend
+21.0%

About Chicago, IL

Comprehensive Neighborhood Analysis

Neighborhood Profile

Chicago, IL in Cook represents a densely populated urban area with approximately 52,707 residents. This middle income area is characterized by a competitive housing market, with median home values around $391,100 and a median household income of $72,326.

The community features a active, family-oriented residents, with a median age of 37.6 years. Residents benefit from a varied educational attainment levels, contributing to a diverse and vibrant local culture. The area's economic landscape reflects its demographic composition, with household incomes and property values aligned with broader regional trends.

Population
52,707

Large-sized community with diverse demographics

Median Income
$72,326

Middle income earning profile

Home Value
$391,100

Competitive housing market

Quality of Life Overview

Our comprehensive analysis evaluates Chicago, IL across multiple quality-of-life dimensions including amenities access, cost of living, safety metrics, educational opportunities, and climate conditions. The overall livability score of 72/10 reflects these combined factors, providing residents and prospective movers with data-driven insights into the area's living standards.

Key Insights

What the data tells us about this area

Median household income is 100% higher than the state average, indicating an affluent area.

Home values are 102% higher than the state average. This area has a competitive real estate market.

51% of adults (25+) have a bachelor's degree or higher, suggesting a highly educated community.

Quick Facts & Insights

Key metrics and how they compare

Household Income
$72,326
100.4% above state avg
Home Value
$391,100
102% above state avg
Rent
$1,240
100% above state avg
Population Density
52,707 residents
Median Age
37.6 years
Safety Score
55/100
Moderate safety

Livability Score

Overall quality of life rating based on key factors

Overall Livability
72
Good
Out of 100

Score Breakdown

Amenities
100/100
Cost of Living
100/100
Safety
55/100
Education
52/100
ℹ️ Hover for details
Employment
69/100
Housing
82/100
Weather
69/100

Expert Analysis & Insights

Data-Driven Community Assessment

Our team of data analysts and urban planning experts have evaluated Chicago, IL across multiple dimensions to provide you with actionable insights. These findings are based on comprehensive analysis of demographic trends, economic indicators, housing market dynamics, and quality of life factors.

Premium Housing Market

Consideration

The home price-to-income ratio of 5.4:1 indicates a premium real estate market. Prospective buyers should carefully evaluate financing options and long-term affordability. Consider exploring first-time buyer programs or extending your search to nearby areas.

Below-Average Cost of Living

Opportunity

The cost of living index of 59 is below the national average of 100, meaning your dollar stretches further here. This can translate to higher disposable income, easier savings, and improved quality of life.

Methodology: Our analysis combines official data from the U.S. Census Bureau, Bureau of Labor Statistics, and regional housing databases with proprietary algorithms to identify meaningful patterns and trends. All comparisons use state-level benchmarks unless otherwise noted.

Data Sources & Accuracy

Official Government Data:Demographics and housing statistics are from the U.S. Census Bureau API (American Community Survey 5-Year Estimates). Weather and climate data comes from the National Oceanic and Atmospheric Administration (NOAA) API with official climate normals from the nearest weather station. Crime statistics are from the FBI Crime Data Explorer API, with county-level data when available, otherwise state-level official data.
Modeled Estimates:Schools and some economic indicators are currently modeled using statistical methods based on national averages and regional patterns. For critical decisions, verify with official sources:

Learn more about our data sources and methodology on our Data Sources page.

Interactive Location Map

Chicago, IL 60616

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Coordinates: 41.8119°, -87.6873°Open in Google Maps

Cost of Living

Compared to national average (100 = US average)

Overall Cost Index
59
Lower than avg
100 = US National Average

Cost Index by Category

Housing
-1
Below avg
Transportation
90
Average
Healthcare
95
Average
Groceries
85
Below avg
Utilities
92
Average
Overall
59
Below avg

Economy & Employment

Job market and economic indicators

Labor Force
30,026
Employment Rate
93.9%
Avg. Commute
31 min
Work From Home
7%

Top Industries by Employment

Industry Breakdown

Finance & Insurance
35%
Educational Services
30.7%
Arts, Entertainment & Recreation
11.3%
Manufacturing
10%
Construction
6.7%
Total Employed
28,207
Total Unemployed
1,819
Unemployment Rate
6.1%

Nearby ZIP Codes

Explore surrounding areas

Frequently Asked Questions

Everything you need to know about Chicago, IL

According to the latest U.S. Census Bureau data, Chicago, IL has a total population of approximately 52,707 residents. This population figure is derived from the American Community Survey (ACS) 5-Year estimates, which provide the most reliable and comprehensive demographic data available.

Have more questions? Our data is continuously updated to provide you with the most accurate and comprehensive information available. For specific inquiries or detailed analysis, consider consulting with local real estate professionals, financial advisors, or community organizations who can provide personalized guidance based on your unique situation.

Demographics Overview

Comprehensive population statistics and demographic breakdown

Key Demographic Insightsfor Chicago, IL

Median household income is 100% below state average, suggesting more affordable cost of living.

High education levels with 51.4% holding bachelor's degrees or higher, well above national average of 33%.

Unemployment rate of 6.1% is above national average, indicating economic challenges.

Poverty rate of 15.4% is above national average of 11.5%.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$72,326
-3.8% vs US
vs State Median
+-100.4%
State: $-20,593,223
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 2.04 people

Total Households
24,744
Family Households
32.0%

Employment by Industry

Where residents work

#1 Industry
Finance
35.0%
#2 Industry
Education
30.7%
#3 Industry
Arts,
11.3%
Total Employed Residents:14,731

Commute Patterns

How residents get to work

Short Commute
1.4%
Under 10 minutes
Long Commute
5.9%
Over 60 minutes
Work From Home
6.6%
1,547 workers
Public Transit
24.5%
5,733 workers
Total Commuting Workers:23,389
Commute Insights
Good public transit usage (24.5% of workers)

Labor Force Statistics

Employment Rate
93.9%
28,207 employed
Labor Force
30,026
1,819 unemployed
Unemployment Rate:6.1%
Median Age
37.6 years
Per Capita Income
$48,866
Poverty Rate
15.4%

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