60173 Zip Code Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for the 60173 zip code? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for 60173, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

60173 is a zip code in Cook County, Illinois, which covers Palatine and Schaumburg, with a total population of 14,067 people.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in 60173 is $105,243.00.

The chart below shows the average household income by age in 60173.

• Under 25
  $90,000.00
• 25 to 44
  $105,560.00
• 45 to 64
  $111,055.00
• 65 and over
  $102,725.00

Average Household Income

A very commonly asked question is "what is the average household income in the 60173 zip code?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in 60173 is $132,172.00.

13.86% of households in the 60173 zip code are classed as high income households (making $200,000+ per year).

Household Income Tiers for 60173

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for the 60173 zip code easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  8.11%
• $25,000 to $49,999
  10.73%
• $50,000 to $74,999
  11.78%
• $75,000 to $99,999
  15.37%
• $100,000 to $149,999
  29.41%
• $150,000 to $199,999
  10.73%
• $200,000 or more
  13.86%

Per Capita Income

The per capita income is the average income of all people in the 60173 zip code. This is calculated by dividing the total income of all people in 60173 by the total number of people in 60173.

It differs from the average or mean household income because it includes all people in 60173 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 60173 zip code is $62,188.00.

Population in 60173 by Race and Ethnicity

The total population in 60173 is currently 14,067 people.

The race and ethnicity of the population in 60173 can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in the 60173 zip code.

• 1.10% White
  151
• 92.40% Black/African American
  13,003
• 40.00% Native
  5,630
• 8.10% Hispanic
  1,143
• 7.80% Asian
  1,103
• 0.10% Hawaiian/Pacific Islander
  10
• 0.00% Two or more races
  0
• 40.40% Other
  5,678

Population of 60173 by Age and Gender

Another very important demographics statistic for the 60173 zip code is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in the 60173 zip code.

• Master's degree or higher
  31.59%
• Bachelor's degree
  48.07%
• Some college or associate's degree
  4.68%
• High school diploma or equivalent
  15.17%
• Less than high school diploma
  0.50%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for 60173 because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in 60173 look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in the 60173 zip code that are over the age of 16.

The current population in 60173 that are over the age of 16 is 11,292 people.

The unemployment rate in 60173 is 6.50%, which means 566 people are unemployed.

Median Age in 60173

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 60173 zip code. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in 60173 is 34.2 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in 60173

34.2

Total

34.5

Male

33.6

Female

Households and Families

There are a total of 6,586 households in 60173, and the average household size is 2.13 people.

For families, the total number is 3,639, and the average family size is 2.89 people.

2.60% of those families in the 60173 zip code are living below the poverty line.

The table below shows the poverty thresholds for 60173 in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in the 60173 zip code for each type, as well as the average sizes.

Housing Data in 60173

There are total of 6,899 housing units in the 60173 zip code. Of those units, 6,586 (95.46%) are occupied, and 313 (4.54%) are vacant.

Rental Rates

Of the 6,899 housing units in 60173, 4,304 (62.39%) are occupied by renters. The median rent paid by renters is $1,706.00.

Owner occupied housing units make up the remaining 32.08% of housing units, with 2,213 housing units in total.

The table below breaks down how much rent is paid by renters in the 60173 zip code.

• No rent paid
  69
• Less than $500
  14
• $500 to $999
  67
• $1,000 to $1,499
  1,190
• $1,500 to $1,999
  2,136
• $2,000 to $2,499
  546
• $2,500 to $2,999
  320
• $3,000 or more
  31

Property Values

The median value of a property in 60173 is $315,900.00.

The table below breaks down the range of valuations for all properties in 60173.

• Less than $50,000
  37
• $50,000 to $99,999
  38
• $100,000 to $149,999
  258
• $150,000 to $199,999
  284
• $200,000 to $299,999
  441
• $300,000 to $499,999
  435
• $500,000 to $999,999
  715
• $1,000,000 or more
  5

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in the 60173 zip code.

• 1939 or earlier
  92
• 1940 to 1949
  19
• 1950 to 1959
  79
• 1960 to 1969
  368
• 1970 to 1979
  2,303
• 1980 to 1989
  1,543
• 1990 to 1999
  1,712
• 2000 to 2009
  299
• 2010 to 2013
  459
• 2014 or later
  25

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 60173 has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  280
• 1 vehicle available
  3,585
• 2 vehicles available
  2,208
• 3 or more vehicles available
  513

Commuting to Work in 60173

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of the 60173 zip code, how they commute, and how that correlates to other data points.

The average travel time is 25.9 minutes, and the chart below covers the range of travel times across the population of 60173.

• Less than 5 minutes
  87
• 5 to 9 minutes
  724
• 10 to 14 minutes
  633
• 15 to 19 minutes
  916
• 20 to 24 minutes
  893
• 25 to 29 minutes
  681
• 30 to 34 minutes
  839
• 35 to 39 minutes
  243
• 40 to 44 minutes
  273
• 45 to 59 minutes
  483
• 60 to 89 minutes
  241
• 90 or more minutes
  199

We can also look at the means of transport in 60173 to see which modes of transport people are using to commute to work.

• Drove alone
  5,120
• Carpooled
  434
• Public transportation
  398
• Walked
  91
• Other means
  169
• Worked from home
  1,808

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 60173 zip code.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for 60173.

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