Income & Economy in Chicago city, IL (60623)
Median Income
$44,040
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+4,290
Wealth inflow
Population
77,061
Unemployment
9.4%
5.7pp above US avg
IRS migration statistics show a net inflow of about 4,290 for ZIP 60623 (Chicago 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 60623 (2020–Present)
Since 2020, population declined 0.9%, median income rose 7.8% (inflation-adjusted), home values increased 12.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $44,040 |
| Unemployment | 9.4% |
| Establishments | 819 |
| Employees | 12,534 |