Income & Economy in South Elgin village, IL (60177)
Median Income
$123,700
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,338
Wealth inflow
Population
24,030
Unemployment
2.7%
1.0pp below US avg
IRS migration statistics show a net inflow of about 1,338 for ZIP 60177 (South Elgin village, 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 60177 (2020–Present)
Since 2020, population grew 4.0%, median income rose 5.7% (inflation-adjusted), home values increased 5.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $123,700 |
| Unemployment | 2.7% |
| Establishments | 621 |
| Employees | 8,289 |