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ZipNumbers

Grundy County · Illinois

ZIP code 60416

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 60416 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
9,277

ZCTA residents

Median income
$71,865

Household, past 12 months

Median home
$222,900

Owner-occupied value

Sales tax
6.25%

Illinois state rate

Quick answer

ZIP 60416 sits in Grundy County, Illinois and is home to 9,277 people. Median household income is $71,865, the median home is worth $222,900 and median gross rent is $1,074. 78.6% of households own their home, and purchases are taxed at 6.25% (Illinois state rate).

County
Grundy County

FIPS 17063

State
Illinois (IL)

1,396 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 60416

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
9,277ZIP 60416 residents
Median household income
$71,865Past 12 months, inflation adjusted
Median home value
$222,900Owner-occupied units
Median gross rent
$1,074Rent plus utilities, monthly
Median age
40.8 yrsAll residents
Homeownership rate
78.6%Owner-occupied households

Sales tax in 60416

What a purchase inside this ZIP costs at checkout.

Rate applied
6.25%State base rate only
Tax on $100
$6Rounded to the dollar
Tax on $1,000
$63Before any exemptions

Illinois levies 6.25% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
18%Median rent ÷ median income
Price-to-income
3.1×Home value ÷ household income
Est. mortgage
$1,157/mo20% down, 30-yr at 6.75%
Poverty rate
7.7%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 60416 compares

ZIP 60416 against the median ZIP in Grundy County and across Illinois.

MeasureZIP 60416County medianState medianvs state
Median household income$71,865$81,733$72,734-1%
Median home value$222,900$203,000$146,900+52%
Median gross rent$1,074$1,115$906+19%
Population9,2771,8551,856+400%

Medians are computed across the 8 ZIP areas in Grundy County and the 1396 ZIP areas in Illinois.

Statewide rank

Where this ZIP places among all 1396 Illinois ZIP areas.

Income

richer than 49% of 1,344 state ZIPs

#690
Home value

above 74% of 1,335 state ZIPs

#346
Population

larger than 72% of 1,396 state ZIPs

#384

Comparable ZIP codes

Illinois ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
62538Montgomery County$71,875$83,900$730
62560Montgomery County$71,875$97,900$911
62037Jersey County$71,838$222,900
61865Vermilion County$71,827$101,900$765
61232Rock Island County$71,806$174,600$925
61486Mercer County$71,786$126,000$833

Nearby ZIP codes

Other ZIP codes filed under Grundy County.

ZIP 60416 questions

Common questions about this ZIP code.

Where is ZIP code 60416?
ZIP 60416 lies mostly in Grundy County, Illinois. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 60416?
Illinois charges 6.25% statewide, plus any county, city or district rate that applies locally.
Is 60416 expensive to live in?
Median rent runs $1,074 a month, about 18% of median household income, and the median home is worth $222,900+52% against the typical Illinois ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 60416, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.