60123 Zip Code

April 25, 2024

Zip Code:	60123
City/Town:	Elgin
State:	Illinois

Population:	47,405
Per Capita Income:	$29,089
Mean Household Income:	$82,301

Total Housing Units:	16,157
Median Home Value:	$157,400
Median Year Homes Built:	1973

Land Area:	13.8 sq miles 35.7 sq kilometers
Water Area:	0.3 sq miles 0.7 sq kilometers

Population Information (60123 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

47,405

Male:

23,412

49.4%

49.2%

Female:

23,993

50.6%

50.8%

Median Age:

33.8 yrs

37.2 yrs

Under 5 years:

3,721

7.8%

6.5%

5 to 9 years:

3,596

7.2%

6.6%

10 to 19 years:

6,730

14.2%

13.8%

20 to 29 years:

6,995

14.8%

13.8%

30 to 39 years:

6,861

14.5%

13.0%

40 to 49 years:

6,317

13.3%

14.2%

50 to 59 years:

5,979

12.6%

13.6%

60 to 69 years:

3,740

7.9%

9.4%

70 to 79 years:

1,914

4.0%

5.4%

80 years and over:

1,552

3.3%

3.7%

Housing Information (60123 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$157,400

$119,600

Median year homes build:

1973

1971

Median real estate taxes:

$3,538 / yr.

$1,334 / yr.

Median rent:

$638 / mo.

$519 / mo.

Total households:

16,157

Family households:

11,079

68.6%

66.4%

Nonfamily households:

5,078

31.4%

33.6%

Households with individuals under 18 years:

6,163

38.1%

33.4%

Households with individuals 65 years and over:

3,588

22.2%

24.9%

Average household size:

2.8

Average family size:

3.4

Total housing units:

17,495

Occupied housing units:

16,157

92.4%

88.6%

Vacant housing units:

1,338

7.6%

11.4%

For rent:

484

2.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

377

2.2%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.3%

3.5%

All other vacants:

375

2.1%

2.8%

Homeowner vacancy rate:

3.4%

2.4%

Rental vacancy rate:

8.3%

9.2%

Owner-occupied housing units:

10,818

Population in owner-occupied housing units:

31,267

Average household size of owner-occupied units:

2.9

2.65

Renter-occupied housing units:

5,339

Population in renter-occupied housing units:

14,542

Average household size of renter-occupied units:

2.7

2.44

Educational Attainment (60123 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

34,661

Less than 9th grade:

2,779

8.0%

6.2%

9th to 12th grade, no diploma:

3,150

9.1%

8.7%

High school graduate (includes equivalency):

9,289

26.8%

29.0%

Some college, no degree:

8,031

23.2%

20.6%

Associate degree:

2,783

8.0%

7.5%

Bachelor's degree:

6,017

17.4%

17.6%

Graduate or professional degree:

2,612

7.5%

10.3%

Percent high school graduate or higher:

82.9%

85.0%

Percent bachelor's degree or higher:

24.9%

27.9%

Income Information (60123 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

19,203

40.5%

50.4%

Median income:

$35,622 / yr.

$27,932 / yr.

Full-time, year-round workers:

11,420

24.1%

59.7%

Median income:

$46,411 / yr.

$38,349 / yr.

Females 15 years and over with income:

18,739

39.5%

49.6%

Median income:

$20,396 / yr.

$16,327 / yr.

Full-time, year-round workers:

7,994

16.9%

40.3%

Median income:

$31,246 / yr.

$28,135 / yr.

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