Skip to content

Checked

ZIP Code 60606 Income and Tax Statistics

Chicago, IL. Individual income tax returns for tax year 2022, from IRS Statistics of Income

Tax returns
2,680
3,360 people on returns
Average adjusted gross income
$662,009
Illinois $96,774
Average salaries and wages
$162,908
Returns with wages
Average income tax
$146,671
Illinois $18,834

Returns by adjusted gross income

Returns with negative income are not included

  • $1 to $24,99930011.2%
  • $25,000 to $49,99930011.2%
  • $50,000 to $74,99935013.1%
  • $75,000 to $99,99936013.4%
  • $100,000 to $199,99972026.9%
  • $200,000 or more65024.3%

Income, credits and taxes in 60606

Returns that reported each item, the total amount and the average for those returns

Swipe the table sideways to see more columns.

ItemReturnsShare of returnsTotalAverage
Salaries and wages2,19081.7%$357M$162,908
Business or professional income38014.2%$15.99M$42,074
Net capital gains1,31048.9%$700M$534,360
Taxable pensions and annuities28010.4%$12.78M$45,643
Taxable Social Security benefits31011.6%$7.04M$22,706
Itemized deductions68025.4%$230M$338,475
Earned income tax credit602.2%$70K$1,167
Refundable child tax credit00.0%$0Not shown
Income tax after credits2,41089.9%$353M$146,671
Refunds1,48055.2%$50.26M$33,957

Frequently asked questions

What is the average income in ZIP code 60606?
For tax year 2022, the average adjusted gross income on the 2,680 individual tax returns filed in 60606 was $662,009, compared with $96,774 for Illinois.
How many people in 60606 get the earned income tax credit?
60 returns in 60606 (2.2%) claimed the earned income tax credit for tax year 2022.
Why might these numbers differ from Census income figures?
IRS figures count tax returns, not households, and use adjusted gross income from the return. People who do not file a return are not included.

Source: Internal Revenue Service, Statistics of Income · Tax year 2022