Income & Economy in Highwood city, IL (60040)
Median Income
$101,862
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+292
Wealth inflow
Population
5,243
Unemployment
6.0%
2.3pp above US avg
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.
Historical Trends in 60040 (2020–Present)
Since 2020, population declined 0.9%, median income rose 15.6% (inflation-adjusted), home values increased 0.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $101,862 |
| Unemployment | 6.0% |
| Establishments | 166 |
| Employees | 1,344 |