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 High-density area
- $87,693
- Median income Above-median income area
- $261,000
- Median home value Near-median home value
- 24.8%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 60123 (Elgin, IL) rose +6.8% from 2023 to 2024. The all-transactions index moved from 179.3 in 2023 to 191.5 in 2024 (2000 = 100).
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 average Illinois ZIP), while per-capita income is $37,274. The poverty rate is 9.5%, with unemployment at 5.8%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $261,000 (36% above the average Illinois ZIP), while 72.8% of occupied homes are owner-occupied and median rent is $1,292.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Kane County, so 60123 can be compared with both its immediate and county-level context.
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.
- Health care and social assistance
Health care and social assistance
207 establishments
- Construction
Construction
163 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
135 establishments
- Other services (except public administration)
Other services (except public administration)
127 establishments
- Manufacturing
Manufacturing
122 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, 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
Who lives in ZIP 60123?
39.3
Median Age
49.8%
Male
50.2%
Female
21.8%
Foreign-Born
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 ZIP avg
$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
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
18,246housing units
18,246
Total Housing Units
17,562
Occupied Units
684
Vacant Units
2.66
Avg Household Size
Occupancy Type
$261,000
Median Home Value
+36% vs state ZIP avg
$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.
- 60120
Elgin (60120)
50,955 residents
- 60123
Elgin (60123)
47,405 residents
- 60107
Streamwood (60107)
39,927 residents
- 60110
Carpentersville (60110)
38,557 residents
- 60102
Algonquin (60102)
32,193 residents
- 60174
Saint Charles (60174)
30,752 residents
- 60177
South Elgin (60177)
22,659 residents
- 60124 18,935
Elgin (60124)
18,935 residents
- 60118 15,851
Dundee (60118)
15,851 residents
What this shows Among its immediate neighbors, ZIP 60123 ranks #2 by population - useful context the national average alone can't give.
ZIP 60123 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 60184
Wayne (60184)
$163,750 median income
- 60136
Gilberts (60136)
$147,704 median income
- 60124
Elgin (60124)
$139,982 median income
- 60102
Algonquin (60102)
$132,949 median income
- 60177
South Elgin (60177)
$126,144 median income
- 60118
Dundee (60118)
$106,912 median income
- 60174
Saint Charles (60174)
$104,534 median income
- 60107
Streamwood (60107)
$101,100 median income
- 60110
Carpentersville (60110)
$87,906 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 60123, both outside IL so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (47,405 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Kane County
Related Areas
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.
Related
Take this with you
What to do with ZIP 60123's numbers, next.
- See how ZIP 60123 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Elgin, IL ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.