Income & Economy in Elmwood Park village, IL (60707)
Median Income
$82,746
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,277
Wealth inflow
Population
40,897
Unemployment
6.2%
2.5pp above US avg
IRS migration statistics show a net inflow of about 2,277 for ZIP 60707 (Elmwood Park 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 60707 (2020–Present)
Since 2020, population declined 3.6%, median income rose 8.5% (inflation-adjusted), home values increased 0.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $82,746 |
| Unemployment | 6.2% |
| Establishments | 783 |
| Employees | 6,357 |