This section shows the ZIP code 62712 Illinois economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, 62712 depicts it has a Median earnings of $66,672 which is the largest of all zip codes in the greater ZIP code 62712 region. Comparing median earnings per worker to the United States average of $53,269, ZIP code 62712 is 25.2% larger. Also, compared to the state of Illinois, median earnings per worker of $56,393, ZIP code 62712 is 18.2% larger.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $96,118 which is the second most median income of all the zip codes in the greater ZIP code 62712 region. The zip code with the highest median household income in the area is 62563 which depicts a median income of $106,365 (10.7% larger). Comparing median household income to the United States average of $69,021, ZIP code 62712 is 39.3% larger. Also, measured against the state of Illinois, median household income of $72,563, ZIP code 62712 is 32.5% larger.
The next section examines a variety of different income statistics for the ZIP code 62712 metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 3.3% of the total. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 16.8% of the total. Third, it has the largest proportion of earnings between $20,000 and $49,999 at 28.8% of the total and is ranked #1. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 18.8% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $34.01 which is more than all other zip codes in the greater ZIP code 62712 region. Comparing average hourly earnings to the United States average of $26.40, ZIP code 62712 is 28.8% larger. Also, in contrast to the state of Illinois, average hourly earnings of $28.10, ZIP code 62712 is 21.0% larger.
Figure 5 examines the number of self employed people in the ZIP code 62712 metro area based on the number of people who reported any self employment income. 62712 shows it has a Self Employed of 12.3% which is the highest of all zip codes in the greater ZIP code 62712 region.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 34.4% which is the third most households with retirement income of all other zip codes in the greater ZIP code 62712 region. The zip code with the highest households with retirement income in the area is 62563 which indicates a households with retirement income of 38.4% (11.6% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. 62712 depicts full time employees approximately 4.4 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. ZIP code 62712 shows it has the hightest entrepreneurs of 21% for the self employed in construction category.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. 62712 shows it has the hightest cost of 106.5 for the cost of healthcare classification.
ZIP code 62712 Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. 62712 shows it has a Percent of Population In Poverty of 3.7% which is the smallest in order of percent of people earning less than the poverty level of all the other zip codes in the metro area. The zip code with the highest percent of people earning less than the poverty level in the area is 62701 which shows a percent of people in poverty of 35.9% ( very much bigger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) ZIP code 62712 depicts it has a Public Assistance Percent of 1.5% which is the smallest in order of households with public assistance of all the other zip codes in the greater region. The zip code with the highest households with public assistance in the area is 62701 which depicts a households with public assistance of 35.3% ( substantially bigger).
ZIP code 62712 Labor Force Charts
The table in Figure 13, shows ZIP code 62712 employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the COVID-19 Pandemic it went from 5.2% to 3.9% in December 2019. This represents a decrease in the monthly unemployment rate of 25.0%. Since that time, the monthly unemployment rate has gone to 3.9%. This represents an increase in the monthly unemployment rate of very little.
ZIP code 62712 Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
ZIP code 62712 Work Commute Charts
The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the ZIP code 62712 community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) ZIP code 62712 has the smallest proportion of people who take public transportation to work at 0% of the total. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown ZIP code 62712 or elsewhere.) ZIP code 62712 has the smallest proportion of people who walked at 0% of the total.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. ZIP code 62712 depicts it has a Avg Commute Time of 19 which is the third most average commute time of all other zip codes in the greater ZIP code 62712 region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.