60432 Zip Code Income, Population and Demographics

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In this article, we'll explore most of the 190+ data points we have for 60432, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

60432 is a zip code in Will County, Illinois, which covers Homer, Joliet, Lockport, and New Lenox, with a total population of 20,483 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 60432 is $61,345.00.

The chart below shows the average household income by age in 60432.

• Under 25
  $62,539.00
• 25 to 44
  $52,754.00
• 45 to 64
  $77,546.00
• 65 and over
  $54,314.00

Average Household Income

A very commonly asked question is "what is the average household income in the 60432 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 60432 is $76,122.00.

3.85% of households in the 60432 zip code are classed as high income households (making $200,000+ per year).

Household Income Tiers for 60432

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 60432 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
  18.83%
• $25,000 to $49,999
  20.39%
• $50,000 to $74,999
  22.25%
• $75,000 to $99,999
  12.04%
• $100,000 to $149,999
  12.98%
• $150,000 to $199,999
  9.65%
• $200,000 or more
  3.85%

Per Capita Income

The per capita income is the average income of all people in the 60432 zip code. This is calculated by dividing the total income of all people in 60432 by the total number of people in 60432.

It differs from the average or mean household income because it includes all people in 60432 and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in the 60432 zip code is $24,482.00.

Population in 60432 by Race and Ethnicity

The total population in 60432 is currently 20,483 people.

The race and ethnicity of the population in 60432 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 60432 zip code.

• 2.40% White
  493
• 38.30% Black/African American
  7,840
• 14.80% Native
  3,040
• 35.00% Hispanic
  7,161
• 20.30% Asian
  4,150
• 0.40% Hawaiian/Pacific Islander
  87
• 0.00% Two or more races
  0
• 0.30% Other
  55

Population of 60432 by Age and Gender

Another very important demographics statistic for the 60432 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 60432 zip code.

• Master's degree or higher
  7.12%
• Bachelor's degree
  18.97%
• Some college or associate's degree
  13.23%
• High school diploma or equivalent
  46.19%
• Less than high school diploma
  14.49%

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 60432 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 60432 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 60432 zip code that are over the age of 16.

The current population in 60432 that are over the age of 16 is 15,562 people.

The unemployment rate in 60432 is 8.50%, which means 895 people are unemployed.

Median Age in 60432

The median age is an interesting metric because it gives us an idea of the age distribution of people in the 60432 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 60432 is 32.8 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 60432

32.8

Total

31.7

Male

33.8

Female

Households and Families

There are a total of 6,287 households in 60432, and the average household size is 3.23 people.

For families, the total number is 4,727, and the average family size is 3.71 people.

18.10% of those families in the 60432 zip code are living below the poverty line.

The table below shows the poverty thresholds for 60432 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 60432 zip code for each type, as well as the average sizes.

Housing Data in 60432

There are total of 7,136 housing units in the 60432 zip code. Of those units, 6,287 (88.10%) are occupied, and 849 (11.90%) are vacant.

Rental Rates

Of the 7,136 housing units in 60432, 2,788 (39.07%) are occupied by renters. The median rent paid by renters is $1,185.00.

Owner occupied housing units make up the remaining 47.04% of housing units, with 3,357 housing units in total.

The table below breaks down how much rent is paid by renters in the 60432 zip code.

• No rent paid
  142
• Less than $500
  126
• $500 to $999
  592
• $1,000 to $1,499
  1,492
• $1,500 to $1,999
  498
• $2,000 to $2,499
  80
• $2,500 to $2,999
  0
• $3,000 or more
  0

Property Values

The median value of a property in 60432 is $171,200.00.

The table below breaks down the range of valuations for all properties in 60432.

• Less than $50,000
  123
• $50,000 to $99,999
  507
• $100,000 to $149,999
  727
• $150,000 to $199,999
  687
• $200,000 to $299,999
  862
• $300,000 to $499,999
  411
• $500,000 to $999,999
  19
• $1,000,000 or more
  21

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 60432 zip code.

• 1939 or earlier
  2,403
• 1940 to 1949
  452
• 1950 to 1959
  552
• 1960 to 1969
  871
• 1970 to 1979
  849
• 1980 to 1989
  442
• 1990 to 1999
  369
• 2000 to 2009
  1,025
• 2010 to 2013
  173
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in 60432 has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  453
• 1 vehicle available
  2,008
• 2 vehicles available
  2,207
• 3 or more vehicles available
  1,619

Commuting to Work in 60432

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 60432 zip code, how they commute, and how that correlates to other data points.

The average travel time is 29.4 minutes, and the chart below covers the range of travel times across the population of 60432.

• Less than 5 minutes
  126
• 5 to 9 minutes
  213
• 10 to 14 minutes
  888
• 15 to 19 minutes
  1,202
• 20 to 24 minutes
  1,349
• 25 to 29 minutes
  764
• 30 to 34 minutes
  2,099
• 35 to 39 minutes
  207
• 40 to 44 minutes
  399
• 45 to 59 minutes
  577
• 60 to 89 minutes
  960
• 90 or more minutes
  97

We can also look at the means of transport in 60432 to see which modes of transport people are using to commute to work.

• Drove alone
  7,422
• Carpooled
  877
• Public transportation
  256
• Walked
  154
• Other means
  172
• Worked from home
  491

Conclusion

Hopefully this article has given you the demographics data you were looking for in the 60432 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 60432.

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