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Will County · Illinois

ZIP code 60586

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 60586 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
48,006

ZCTA residents

Median income
$122,963

Household, past 12 months

Median home
$298,000

Owner-occupied value

Sales tax
6.25%

Illinois state rate

Quick answer

ZIP 60586 sits in Will County, Illinois and is home to 48,006 people. Median household income is $122,963, the median home is worth $298,000 and median gross rent is $2,159. 92.6% of households own their home, and purchases are taxed at 6.25% (Illinois state rate).

County
Will County

FIPS 17197

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 60586

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

Population
48,006ZIP 60586 residents
Median household income
$122,963Past 12 months, inflation adjusted
Median home value
$298,000Owner-occupied units
Median gross rent
$2,159Rent plus utilities, monthly
Median age
34.1 yrsAll residents
Homeownership rate
92.6%Owner-occupied households

ZIP 60586 in context

How this area compares with national benchmarks.

ZIP 60586 is a small city in Will County, Illinois, with 48,006 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #47 of 1,396 ranked by population — larger than 96% of them. The median age here is 34.1 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 60586 earn a median of $122,963 a year, 56.6% above the national figure of $78,538. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 5.8% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in ZIP 60586 is valued at $298,000, 1.8% below the national figure, while median gross rent runs $2,159 a month, 53.6% above the national figure, or roughly $25,908 across a full year. A household on the local median income would put about 21.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 2.4×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 92.6% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Reading ZIP 60586 in context

How 60586 sits inside Will County and Illinois.

ZIP 60586 is tabulated inside Will County, Illinois, one of 30 ZIP areas the Census publishes for that county and 1,396 across Illinois. This is a dense urban ZIP, where a single postal boundary can hold more residents than an entire rural county. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 60586 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 60586 reports a median household income of $122,963, 19% above the $103,045 county median, and 69% above the $72,734 typical IL ZIP. Owner-occupied homes are valued at a median of $298,000, 7% above the county figure and 103% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $2,159 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Illinois charges 6.25% statewide, and local governments overlapping 60586 may add county, city or special-district levies on top. We publish the state floor for this ZIP rather than guessing a combined figure, because ZIP boundaries and taxing-district boundaries were drawn for different purposes and do not line up.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 60586 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 60586

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
21%Median rent ÷ median income
Price-to-income
2.4×Home value ÷ household income
Est. mortgage
$1,546/mo20% down, 30-yr at 6.75%
Poverty rate
5.8%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 60586 compares

ZIP 60586 against the median ZIP in Will County and across Illinois.

MeasureZIP 60586County medianState medianvs state
Median household income$122,963$103,045$72,734+69%
Median home value$298,000$278,800$146,900+103%
Median gross rent$2,159$1,408$906+138%
Population48,00620,0751,856+2487%

Medians are computed across the 30 ZIP areas in Will County and the 1396 ZIP areas in Illinois.

Statewide rank

Where this ZIP places among all 1396 Illinois ZIP areas.

Income

richer than 94% of 1,344 state ZIPs

#83
Home value

above 88% of 1,335 state ZIPs

#166
Population

larger than 97% of 1,396 state ZIPs

#47

Comparable ZIP codes

Illinois ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
60602Cook County$123,047$383,300$2,775
62281Madison County$122,679$287,800$1,328
62711Sangamon County$123,507$299,400$1,272
60046Lake County$122,376$282,500$1,645
60552DeKalb County$122,375$245,300$1,306
60177Kane County$123,700$296,200$1,612

Nearby ZIP codes

Other ZIP codes filed under Will County.

Adjacent ZIP Codes

Other ZIP codes in Will County, Illinois.

ZIP 60586 questions

Common questions about this ZIP code.

Where is ZIP code 60586?
ZIP 60586 lies mostly in Will 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 60586?
Illinois charges 6.25% statewide, plus any county, city or district rate that applies locally.
Is 60586 expensive to live in?
Median rent runs $2,159 a month, about 21% of median household income, and the median home is worth $298,000 — +103% 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 60586, 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.