ZIP code 61562 Income Charts

This section shows the ZIP code 61562 Illinois economy using the most recent economic analysis from the 2021 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, 61562 shows it has a Median earnings of $61,071 which is less than most other zip codes in the metro area. The zip code with the highest median earnings per worker in the area is 61525 which depicts a median earnings of $94,526 (54.8% larger). Comparing median earnings per worker to the United States average of $50,459, ZIP code 61562 is 21.0% larger. Also, benchmarked against the state of Illinois, median earnings per worker of $53,252, ZIP code 61562 is 14.7% larger.

The next section examines a variety of different income statistics for the ZIP code 61562 metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings between $15,000 and $19,999 at 35.0% of the total and is ranked #2. The only larger zip code being 61552 with 41.7%. Second, it has one of the largest proportions of earnings between $20,000 and $49,999 at 35.0% of the total and is ranked #2. The only larger zip code being 61545 with 43.1%. Third, it has one of the largest proportions of earnings between $75,000 and $99,999 at 30.0% of the total and is ranked #2. The only larger zip code being 61525 with 35.5%.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 70.5% which is the most of all zip codes in the greater region.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. 61562 depicts it has the hightest cost of 101.4 for the cost of transportation group.

ZIP code 61562 Labor Force Charts

Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. ZIP code 61562 shows it has a Labor Force Participation of 34.5% which is the smallest as measured by participation rate of all the other zip codes in the area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). 61562 has the largest proportion of unemployed at 65.5% of the total and is ranked #1.

ZIP code 61562 Poverty Charts

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). ZIP code 61562 depicts it has a Gini Index of 24.1% which is the smallest when ranked by the gini index of all the other zip codes in the local area.

ZIP code 61562 Work Commute Charts

Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown ZIP code 61562 or elsewhere.) ZIP code 61562 has the largest proportion of people who drove alone at 100% of the total and is ranked #1.

In Figure 35 is shown a frequency distribution of the time that people leave for work. ZIP code 61562 has the largest proportion of people who leave for work between 830 am to 9am at 35% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. ZIP code 61562 has the largest proportion of people with commute time between 20 to 24 minutes at 35% of the total and is ranked #1. Figure 40 shows the total number of vehicles available for transportation and ZIP code 61562 has the percentage of 1 vehicle available the second smallest as measured by no vehicle available of all the other zip codes in the local area at 35% of the total. Second, it has the largest proportion of 3 vehicles available at 65% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) ZIP code 61562 depicts it has a Work in city or place where live of 30% which is the second most people who both work and live in the same city of all the zip codes in the greater ZIP code 61562 region. The zip code with the highest people who both work and live in the same city in the area is 61525 which shows a people who both work and live in the same city of 58% (about twice as large). Comparing people who both work and live in the same city to the United States average of 43%, ZIP code 61562 is approximately three-fourths the size. Also, in contrast to the state of Illinois, people who both work and live in the same city of 40%, ZIP code 61562 is approximately three-fourths the size.

ZIP code 61562 Jobs Charts

The table in Figure 48, shows ZIP code 61562 employment data in terms of job categories and salary data.

ZIP code 61562 Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. ZIP code 61562 depicts it has the hightest entrepreneurs of 100% for the self employed in service businesses grouping.