ZIP code 62040: income, home prices and cost of living

The median household income in ZIP 62040 is $59,542, which is 18% below the Illinois median of $72,639 and 13% below the national figure. The typical home is valued at $100,400, and the median rent is $851/month. 72.0% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$59,542

Illinois average
$72,63918%
National
$68,75013%

Median home value

$100,400

Illinois average
$160,85038%
National
$209,60052%

Median gross rent

$851

Illinois average
$9066%
National
$98414%

Median age

39.3 yrs

Illinois average
41.0 yrs4%
National
41.0 yrs4%

Homeownership rate

72.0%

Illinois average
78.2%8%
National
75.8%5%

Bachelor's degree or higher

9.9%

Illinois average
15.6%37%
National
15.9%38%

How ZIP 62040 compares with Illinois and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Nearby ZIP codes in Illinois

62035620346204962052620256202462056620626201262010

Or compare 62040 with 62035.

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See every local figure on the Illinois money guide.

What people search about ZIP 62040

Searches for the cost of living in 62040, the median household income in 62040, average rent in 62040 and home values in this part of Illinois all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 62040, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.