PlainZIP

Elgin, IL · standard

ZIP Code 60124

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

18,935
191/sq mi
$139,982
Median income
$430,900
Median home value
49.5%
Bachelor's or higher

The verdict

Elgin pairs a top-decile household income with upper-quartile home values, in a rural, homeowner-dominated area.

Top 5%
household income, US ZIPs
Top 18%
home value, US ZIPs
191
people per sq mi
92%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 60124 against every reporting US ZIP.

ZIP code 60124 is a mid-sized community (a standard USPS delivery area) in Elgin, Kane County, Illinois, home to 18,935 residents across 99.0 square miles, a density of 191 people per square mile, in the Chicago time zone.

ZIP 60124 skews affluent, with a median household income of $139,982 (75% above the Illinois average), while per-capita income is $61,310. The poverty rate stands at 2.5% and the unemployment rate at 4.0%. Median home value sits at $430,900 (125% above the state average), median rent at $1,957 a month, and owner-occupancy at 92.4%.

A solid share of residents have a four-year degree: 49.5% of adults hold a bachelor's degree or higher, the median age is 43.7, and the average commute is 30 minutes. To put 60124 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Kane County, for a geography-aware comparison.

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 60124

Top 5 sectors by establishment count in Elgin, IL

Which industries have the most business establishments in ZIP 60124.

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 60124, 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

18,935

Population

99.0

Area (sq mi)

191

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 60124?

43.7

Median Age

50.4%

Male

49.6%

Female

13.8%

Foreign-Born

White 72.0%
African American 1.9%
Asian 12.1%
American Indian or Alaska Native 0.6%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 8.7%
Hispanic or Latino 11.6%

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?

$139,982

Median Household Income

+75% vs state

$61,310

Per Capita Income

2.5%

Poverty Rate

4.0%

Unemployment Rate

29.8 min

Mean Commute Time

How ZIP 60124 ranks nationally

Elgin, IL household income vs. every US ZIP code

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

$139,982 Top 5% higher than 95% 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%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). This entry sits in this band. $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 70.5%
Bachelor's Degree or Higher 49.5%

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

What does housing look like?

8,982

Total Housing Units

8,832

Occupied Units

150

Vacant Units

2.77

Avg Household Size

Occupancy Type

Owner 92.4%
Renter 7.6%

$430,900

Median Home Value

+125% vs state

$1,957

Median Rent

2003

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

+8.3%

YoY Change (2024)

189

HPI Index (2000 = 100)

+89%

Total Change Since 2000

Home values in ZIP 60124 have increased 8.3% over the past year (2024). Since 2000, this ZIP has seen +89% cumulative appreciation.

Year Annual Change HPI Index
2020 -0.1% 124
2021 +10.8% 137
2022 +15.7% 159
2023 +9.7% 174
2024 +8.3% 189

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 608 business establishments in ZIP 60124, employing approximately 11,216 people with a combined annual payroll of $750,422,000.

608

Businesses

11,216

Employees

$750.4M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Construction 91 15.0%
Professional, scientific, and technical services 90 14.8%
Wholesale trade 76 12.5%
Transportation and warehousing 72 11.8%
Other services (except public administration) 45 7.4%
Administrative and support and waste management and remediation services 42 6.9%
Health care and social assistance 33 5.4%
Manufacturing 31 5.1%
Accommodation and food services 28 4.6%
Retail trade 25 4.1%
Finance and insurance 23 3.8%
Real estate and rental and leasing 22 3.6%
Arts, entertainment, and recreation 12 2.0%
Information 8 1.3%
Educational services 5 0.8%
Management of companies and enterprises 3 0.5%

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 60124 vs 60175 →

ZIP 60124 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 60124 ranks #7 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 60124 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 60124 ranks #4 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
60175 Saint Charles, IL 25,564 5.5 mi
60136 Gilberts, IL 7,013 5.5 mi
60123 Elgin, IL 47,405 4.5 mi
60177 South Elgin, IL 22,659 5.1 mi
60140 Hampshire, IL 14,341 6.7 mi
60118 Dundee, IL 15,851 7.3 mi
60109 Burlington, IL 560 7.8 mi
60142 Huntley, IL 26,447 10.6 mi
60174 Saint Charles, IL 30,752 8.5 mi
60134 Geneva, IL 28,565 10.6 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
60123 standard
Elgin, IL
Pop: 47,405
60110 standard
Carpentersville, IL
Pop: 38,557
60174 standard
Saint Charles, IL
Pop: 30,752

Related Areas

Kane County Elgin, IL Illinois

Frequently Asked Questions

What county is ZIP code 60124 in? ▼
ZIP code 60124 (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 60124? ▼
ZIP code 60124 in Elgin, IL has a population of 18,935 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 60124? ▼
The median household income in ZIP 60124 is $139,982, which is 83% above the national average of $76,288.
What is the average home value in ZIP 60124? ▼
The median home value in ZIP 60124 is $430,900, which is 55% above the national average of $278,155.
What is the demographic makeup of ZIP 60124? ▼
The largest racial group in ZIP 60124 is White at 72.0%. Hispanic or Latino residents make up 11.6% of the population.
How many businesses are in ZIP code 60124? ▼
ZIP code 60124 has 608 business establishments employing approximately 11,216 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 60124? ▼
The top industries by establishment count in ZIP 60124 are: Construction (91), Professional, scientific, and technical services (90), Wholesale trade (76). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 60124? ▼
According to the FHFA House Price Index, home values in ZIP 60124 increased by 8.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 89%. 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 60124? ▼
In ZIP code 60124, 70.5% of residents aged 25+ have a high school diploma or higher, and 49.5% 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 60124? ▼
The mean commute time for workers in ZIP code 60124 is 29.8 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 60124? ▼
In ZIP code 60124, approximately 92.4% of occupied housing units are owner-occupied and 7.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 60124? ▼
The poverty rate in ZIP code 60124 is 2.5% 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.