PlainZIP

Elgin, IL · standard

ZIP Code 60123

Kane County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

47,405
1,336/sq mi
$87,693
Median income
$261,000
Median home value
24.8%
Bachelor's or higher

The verdict

Elgin pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated area.

Top 29%
household income, US ZIPs
Top 40%
home value, US ZIPs
1,336
people per sq mi
73%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 60123 against every reporting US ZIP.

ZIP code 60123 is a densely settled ZIP (a standard USPS delivery area) in Elgin, Kane County, Illinois, with 47,405 residents across 35.5 square miles, a density of 1,336 people per square mile, in the Chicago time zone.

ZIP 60123 lands in the middle-income range, with a median household income of $87,693 (10% above the Illinois average), while per-capita income is $37,274. The poverty rate stands at 9.5% and the unemployment rate at 5.8%. On housing, the median home value is $261,000 (36% above the state average) with median rent at $1,292 per month, and 72.8% of occupied units are owner-occupied.

Educational attainment sits below the national norm: 24.8% of adults hold a bachelor's degree or higher, the median age is 39.3, and the average commute is 27 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Kane County, so you can benchmark 60123 against its immediate geography rather than a national average alone.

Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Top industries in ZIP 60123

Top 5 sectors by establishment count in Elgin, IL

Which industries have the most business establishments in ZIP 60123.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 60123, Elgin, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

47,405

Population

35.5

Area (sq mi)

1,336

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 60123?

39.3

Median Age

49.8%

Male

50.2%

Female

21.8%

Foreign-Born

White 43.3%
African American 7.0%
Asian 4.4%
American Indian or Alaska Native 2.1%
Native Hawaiian or Pacific Islander 0.3%
Two or More Ethnicities 20.5%
Hispanic or Latino 47.0%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$87,693

Median Household Income

+10% vs state

$37,274

Per Capita Income

9.5%

Poverty Rate

5.8%

Unemployment Rate

27.3 min

Mean Commute Time

How ZIP 60123 ranks nationally

Elgin, IL household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$87,693 Top 29% higher than 71% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 54.6%
Bachelor's Degree or Higher 24.8%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

18,246

Total Housing Units

17,562

Occupied Units

684

Vacant Units

2.66

Avg Household Size

Occupancy Type

Owner 72.8%
Renter 27.2%

$261,000

Median Home Value

+36% vs state

$1,292

Median Rent

1973

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+6.8%

YoY Change (2024)

191

HPI Index (2000 = 100)

+91%

Total Change Since 2000

Home values in ZIP 60123 have increased 6.8% over the past year (2024). Since 2000, this ZIP has seen +91% cumulative appreciation.

Year Annual Change HPI Index
2020 +1.2% 130
2021 +10.7% 144
2022 +13.5% 163
2023 +9.7% 179
2024 +6.8% 191

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 1,458 business establishments in ZIP 60123, employing approximately 29,144 people with a combined annual payroll of $1,834,637,000.

1,458

Businesses

29,144

Employees

$1.8B

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 207 14.2%
Construction 163 11.2%
Professional, scientific, and technical services 135 9.3%
Other services (except public administration) 127 8.7%
Manufacturing 122 8.4%
Administrative and support and waste management and remediation services 107 7.3%
Accommodation and food services 106 7.3%
Retail trade 105 7.2%
Wholesale trade 97 6.7%
Transportation and warehousing 89 6.1%
Finance and insurance 84 5.8%
Real estate and rental and leasing 53 3.6%
Educational services 20 1.4%
Information 19 1.3%
Arts, entertainment, and recreation 13 0.9%
Management of companies and enterprises 9 0.6%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 60123 vs 60177 →

ZIP 60123 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 60123 ranks #2 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 60123 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 60123 ranks #null of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
60177 South Elgin, IL 22,659 3.5 mi
60118 Dundee, IL 15,851 4.6 mi
60120 Elgin, IL 50,955 3.8 mi
60124 Elgin, IL 18,935 4.5 mi
60110 Carpentersville, IL 38,557 5.9 mi
60174 Saint Charles, IL 30,752 7.8 mi
60102 Algonquin, IL 32,193 8.6 mi
60136 Gilberts, IL 7,013 5.6 mi
60184 Wayne, IL 2,448 6.7 mi
60107 Streamwood, IL 39,927 6.9 mi

More ZIP Codes in Kane County

60505 standard
Aurora, IL
Pop: 76,573
60506 standard
Aurora, IL
Pop: 53,013
60120 standard
Elgin, IL
Pop: 50,955
60110 standard
Carpentersville, IL
Pop: 38,557
60174 standard
Saint Charles, IL
Pop: 30,752
60510 standard
Batavia, IL
Pop: 28,897

Related Areas

Kane County Elgin, IL Illinois

Frequently Asked Questions

What county is ZIP code 60123 in? ▼
ZIP code 60123 (Elgin) is located in Kane County, Illinois. Kane County contains multiple ZIP codes, see the full list at /counties/kane-il.
What is the population of ZIP code 60123? ▼
ZIP code 60123 in Elgin, IL has a population of 47,405 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 60123? ▼
The median household income in ZIP 60123 is $87,693, which is 15% above the national average of $76,288.
What is the average home value in ZIP 60123? ▼
The median home value in ZIP 60123 is $261,000, which is 6% below the national average of $278,155.
What is the demographic makeup of ZIP 60123? ▼
The largest racial group in ZIP 60123 is White at 43.3%. Hispanic or Latino residents make up 47.0% of the population.
How many businesses are in ZIP code 60123? ▼
ZIP code 60123 has 1,458 business establishments employing approximately 29,144 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 60123? ▼
The top industries by establishment count in ZIP 60123 are: Health care and social assistance (207), Construction (163), Professional, scientific, and technical services (135). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 60123? ▼
According to the FHFA House Price Index, home values in ZIP 60123 increased by 6.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 91%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 60123? ▼
In ZIP code 60123, 54.6% of residents aged 25+ have a high school diploma or higher, and 24.8% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 60123? ▼
The mean commute time for workers in ZIP code 60123 is 27.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 60123? ▼
In ZIP code 60123, approximately 72.8% of occupied housing units are owner-occupied and 27.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 60123? ▼
The poverty rate in ZIP code 60123 is 9.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.