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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.
| Item | Returns | Share of returns | Total | Average |
|---|---|---|---|---|
| Salaries and wages | 2,190 | 81.7% | $357M | $162,908 |
| Business or professional income | 380 | 14.2% | $15.99M | $42,074 |
| Net capital gains | 1,310 | 48.9% | $700M | $534,360 |
| Taxable pensions and annuities | 280 | 10.4% | $12.78M | $45,643 |
| Taxable Social Security benefits | 310 | 11.6% | $7.04M | $22,706 |
| Itemized deductions | 680 | 25.4% | $230M | $338,475 |
| Earned income tax credit | 60 | 2.2% | $70K | $1,167 |
| Refundable child tax credit | 0 | 0.0% | $0 | Not shown |
| Income tax after credits | 2,410 | 89.9% | $353M | $146,671 |
| Refunds | 1,480 | 55.2% | $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