ZIP Code 60416
standardSource:
Coal City · Grundy County · Illinois
- Population
- 9,397
- Median income
- $75,219
- Median home value
- $221,900
- Bachelor's or higher
- 19.4%
- Land area
- 57.9 sq mi
162/sq mi
▼ 1% vs US
higher than 55% of US ZIPs
▼ 20% vs US
higher than 50% of US ZIPs
Median age 42.2
Chicago
ZIP code 60416 in Coal City, Illinois has a population of 9,397. The median household income is $75,219, which is 1% below the national average. Median home value is $221,900, 20% below the US average. 19.4% of residents hold a bachelor's degree or higher.
ZIP code 60416 is classified by USPS as a standard delivery area and covers roughly 57.9 square miles in Coal City, Grundy County, Illinois. The area is home to 9,397 residents, producing a population density of 162 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 60416 against Illinois and the nation.
On the economic side, the median household income for ZIP 60416 sits at $75,219 (6% below the Illinois average), while per-capita income is $42,419. The poverty rate stands at 6.2% and the unemployment rate at 4.6%. On housing, the median home value is $221,900 (16% above the state average) with median rent at $1,128 per month, and 76.5% of occupied units are owner-occupied, a direct signal of whether 60416 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 19.4% of adults hold a bachelor's degree or higher, the median age is 42.2, and the average commute is 27 minutes. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Grundy County, so you can benchmark 60416 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 60416
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 60416.
- Construction
Construction
26 establishments
- Accommodation and food services
Accommodation and food services
22 establishments
- Retail trade
Retail trade
21 establishments
- Health care and social assistance
Health care and social assistance
19 establishments
- Other services (except public administration)
Other services (except public administration)
16 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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 60416, Coal City, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
9,397
Population
57.9
Area (sq mi)
162
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 60416?
42.2
Median Age
49.1%
Male
50.9%
Female
3.8%
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?
$75,219
Median Household Income
-6% vs state
$42,419
Per Capita Income
6.2%
Poverty Rate
4.6%
Unemployment Rate
26.9 min
Mean Commute Time
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?
3,955
Total Housing Units
3,824
Occupied Units
131
Vacant Units
2.50
Avg Household Size
Occupancy Type
$221,900
Median Home Value
+16% vs state
$1,128
Median Rent
1983
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
+1.9%
YoY Change (2024)
197
HPI Index (2000 = 100)
+97%
Total Change Since 2000
Home values in ZIP 60416 have increased 1.9% over the past year (2024). Since 2000, this ZIP has seen +97% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.1% | 152 |
| 2021 | +7.3% | 163 |
| 2022 | +5.9% | 172 |
| 2023 | +12.1% | 193 |
| 2024 | +1.9% | 197 |
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 157 business establishments in ZIP 60416, employing approximately 1,560 people with a combined annual payroll of $108,769,000.
157
Businesses
1,560
Employees
$108.8M
Annual Payroll
12
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 26 | 16.6% |
| Accommodation and food services | 22 | 14.0% |
| Retail trade | 21 | 13.4% |
| Health care and social assistance | 19 | 12.1% |
| Other services (except public administration) | 16 | 10.2% |
| Finance and insurance | 9 | 5.7% |
| Professional, scientific, and technical services | 9 | 5.7% |
| Administrative and support and waste management and remediation services | 9 | 5.7% |
| Arts, entertainment, and recreation | 7 | 4.5% |
| Transportation and warehousing | 6 | 3.8% |
| Real estate and rental and leasing | 6 | 3.8% |
| Manufacturing | 4 | 2.5% |
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 60416 vs 60407 →
More ZIP Codes in Grundy County
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Frequently Asked Questions
What county is ZIP code 60416 in? ▼
What is the population of ZIP code 60416? ▼
What is the median household income in ZIP 60416? ▼
What is the average home value in ZIP 60416? ▼
What is the demographic makeup of ZIP 60416? ▼
How many businesses are in ZIP code 60416? ▼
What are the main industries in ZIP code 60416? ▼
How have home values changed in ZIP code 60416? ▼
What is the education level in ZIP code 60416? ▼
What is the average commute time in ZIP 60416? ▼
What percentage of residents own vs. rent in ZIP 60416? ▼
What is the poverty rate in ZIP code 60416? ▼
ZIP Code Research Guides
Official Data Resources for Coal City, IL
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.