ZIP 60060 - 860Z200US60060 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 60060, located in the heart of Lake County, Illinois, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 60060’s profile is the first step to success.

Population & Households

ZIP 60060 is home to a vibrant community of 37,146 residents as of 2023. This sizable population supports a diverse and active local economy, making it an attractive spot for families and businesses alike. The area comprises 13,437 households, reflecting a strong residential base. With 13,827 total housing units, there’s a slight surplus of homes over households, which could indicate opportunities for buyers or renters looking to settle in this area.

Income & Housing Costs

Financially, ZIP 60060 stands out with a median household income of $110,463, suggesting a relatively affluent community with solid purchasing power. This income level can support local businesses and indicates a stable economic environment for potential investors. On the housing front, the median home value is $299,200, positioning the area as a mid-to-upper range market in terms of affordability. For renters, the median rent is $1,552 per month, which aligns with the area’s income levels and may appeal to those seeking alternatives to homeownership. These figures provide a balanced view for anyone weighing the costs of living or investing here.

Race & Ethnicity

The cultural fabric of ZIP 60060 is notably diverse, offering a rich community dynamic. The racial composition in 2023 shows that 50.09% of residents identify as White, 35.33% as Hispanic, 9.96% as Asian, and 1.76% as Black. This diversity can be a significant draw for families and businesses aiming to connect with a broad customer base or build inclusive communities. It also reflects an area that embraces varied perspectives and backgrounds, which can enhance social and economic vitality.

Key Facts

• Total population: 37,146 residents, offering a substantial market for businesses and services.
• Total households: 13,437, indicating a strong residential foundation.
• Median household income: $110,463, reflecting economic stability and spending potential.
• Median home value: $299,200, positioning ZIP 60060 as a competitive housing market.
• Median rent: $1,552, providing insight for renters and rental property investors.
• Diverse demographics: 50.09% White, 35.33% Hispanic, 9.96% Asian, and 1.76% Black.
• Total housing units: 13,827, suggesting potential availability for new residents or investors.

What This Means for You

For homebuyers, ZIP 60060 offers a promising mix of affordability and value with a median home price of $299,200, paired with a strong median income of $110,463. This suggests you’re likely to find a stable community with good schools and amenities. Investors and real estate agents will note the slight surplus of housing units over households, which could signal opportunities for rental properties or future sales, especially with a median rent of $1,552 that aligns with local income levels. Small-business owners can tap into a diverse population of over 37,000 and a financially secure customer base, ideal for retail, services, or dining ventures. Analysts will appreciate the balanced demographic spread and economic indicators as a foundation for deeper market studies. Whether you’re settling down or scaling up, ZIP 60060 presents a compelling case.

Run This Study Yourself

• Curious about other areas or want updated stats for ZIP 60060? Dive into your own analysis with ease.
• Visit ZipcodeGPT to access powerful tools for demographic and housing insights tailored to your needs.
• Enter any ZIP code, explore the data, and make confident decisions for your next move or investment.