ZIP Code 60040 — Highwood city, IL Demographics & Data

ZIP code 60040 covers Highwood, IL in Lake County with a population of about 5,243.

At a glance, the area shows median age of 35.9 versus a U.S. median of about 38.9.

It sits in telephone area codes 224, 847; U.S. House district IL-10; the CHICAGO media market.

Median household income in ZIP 60040 is about $101,862 — about 36% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 15.8%; unemployment rate near 6.0%; 38.0% of adults with a bachelor’s degree or higher (about 4.3 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Food services, Education, and Manufacturing; about 13.8% of workers reporting work-from-home (about 1.4 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $454,500 — about 31% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,687 (about 45% above the U.S. median rent ($1,163)), and owner-occupancy near 49.0% (about 16.4 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 60040 in Highwood, IL, a household would need roughly $125,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,920. That is about 23% above the local median household income ($101,862), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Highwood city, IL as Relatively High (composite score 96.0), which is among the highest nationally. The strongest component scores on US5 are flood (97.2) and wildfire (44.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Highwood city, IL show little to no average snow and around 39.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 292 for ZIP 60040 (Highwood city, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.