Lake Zurich, IL 60047 ZIP Code Profile

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ZIP Code 60047: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Lake Zurich, IL 60047

Acceptable Alternative
Deer Park, IL 60047
Hawthorn Wds, IL 60047
Hawthorn Woods, IL 60047
Kildeer, IL 60047
Long Grove, IL 60047

Not Acceptable, USPS
Echo Lake, IL 60047
Forest Lake, IL 60047

  • ZIP Code Type: STANDARD
  • County: Lake County
  • Centroid: Latitude 42.196, Longitude -88.058
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes
  • Businesses Addresses: 1,320
  • PO Box Addresses: 236
  • Residential Addresses: 14,804
    • Multi-Family Addresses: 587
    • Single Family Addresses: 14,217

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2020, Maps updated: January 31, 2020.

Jump to... (On This Page!)
  1. 60047 2019 Demographic Data
  2. Growth Rates for 60047 (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



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Lake Zurich, IL 60047 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Lake Zurich, IL 60047 Housing Affordability Index is 128
State of Illinois Housing Affordability Index is 119
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Lake Zurich, IL 60047 Wealth Index is 285
State of Illinois Wealth Index is 105
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 42,480
Population in Households 41,988
Population in Familes 38,857
Population in Group Qrtrs 492
Population Density 1,203
Diversity Index1 39
 

INCOME

Median Household Income $139,599
Average Household Income $184,585
Per Capita Income $61,544
Wealth Index3 285

HOUSING

Total Housing Units 14,633 (100%)
Owner Occupied HU 12,689 (86.7%)
Renter Occupied HU 1,471 (10.1%)
Vacant Housing Units 473 ( 3.2%)
Median Home Value $475,032
Housing Affordability Index2 128
 

HOUSEHOLDS

Total Households 14,160
Average Household Size 2.97
Family Households 11,927
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.26% 0.06%
Households 0.44% 0.13%
Families 0.36% 0.08%
Median Household Income   1.78%
Per Capita Income   1.75%

Lake Zurich, IL 60047 - Peer Comparisons by Rank and Percentile

The table below compares 60047 to the other 1,383 ZIP Codes in Illinois by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 62 96th
Population Density # 306 78th
Diversity Index # 327 77th
Median Household Income # 11 99th
Per Capita Income # 39 97th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.


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