Highest-Paying ZIP Codes in Illinois

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highest paying ZIP codes Illinois

When it comes to our jobs, there’s one thing we all want: to get the biggest paycheck for our hard work.

While differences in salary and wages can be attributed to skills, a NerdWallet study has found that a higher paycheck also can be linked to where you work. Our data show certain places have more businesses that tend to be higher paying. NerdWallet’s analysis of ZIP codes in Illinois found:

Chicago is No. 1. While many cities in the Midwest are still recovering from the recession, Chicago, specifically The Loop, is financially healthy, with four of our top 10 highest-paying ZIP codes.
Small business rule. In most of our top-paying areas, over half of the businesses employed four people or fewer.
Single workers live there. Half of our top 10 highest-paying ZIP codes are in areas where lots of renters live in small households.

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Our study looks at the average annual pay per employee by ZIP code. To see the full data set click here.

Top 10 highest-paying ZIP codes in Illinois

1. 60603 — Chicago, The Loop ($140,361)
2. 60196 — Northern Schaumburg ($122,552)
3. 60064 — North Chicago ($115,538)
4. 60407 — Braceville ($104,301)
5. 61242 — Cordova ($101,278)
6. 60045 — Lake Forest ($96,804)
7. 60606 — Chicago, West Loop ($94,550)
8. 60601 — Chicago, The Loop ($93,447)
9. 60654 — Chicago, River North ($93,447)
10. 62084 — Roxana ($93,097)

1. 60603 — Chicago’s Loop ($140,361)

This small ZIP code, which includes the Art Institute of Chicago and parts of Millennium Park, is packed with businesses. However, few people, especially families, call it home. Of the 963 housing units listed in 2014, only one belonged to a family, according to City-Data.com. It appears that people who work here and residents are doing well with incomes for all above six figures. In this area, small enterprises dominate, with over half of the 1,708 businesses employing four or fewer employees. The largest sectors include finance and insurance and retail.

2. 60196 — Northern Schaumburg ($122,552)

The second-highest paying ZIP code in Illinois, 60196, is a tiny neighborhood in Northern Schaumburg, between East Algonquin Road and Interstate 90. The ZIP code stands out not just for its high average payroll, but also for its very low number of residents — zero to be exact. The ZIP code is one of a few reserved exclusively for businesses, in this case Motorola. The consumer electronics company appears to be paying well, with the average salary there at $122,000, according to recent data.

3. 60064 — North Chicago ($115,538)

This ZIP code in North Chicago is home to a wealth of high-paying businesses. Abbott Laboratories, Finch University and Jelly Belly are a few of the 202 businesses located here. With that lineup of industry, the mean salary of workers here is $115,000.

4. 60407 — Braceville ($104,301)

The 60407 ZIP code is based in Braceville, along Interstate 55 and Route 53. While it’s mostly a residential area, the small cluster of businesses here brought the average annual salary in 2012 to $104,000 even though the area doesn’t have a specific industry or company headquarters.

5. 61242 — Cordova ($101,278)

The 61242 ZIP code in Cordova is dominated by small businesses. Of the 23 businesses in 2012, half were companies of four or fewer employees, who mostly work in wholesale or retail trade. Businesses such as Cordova Energy Co. and Fryer To Fuel Inc. helped to boost the average salary to $101,000 per employee. And unlike some of the high-paying business districts, 61242 also has a sizeable residential population — 529 housing units that are overwhelmingly owner occupied.

6. 60045 — Lake Forest ($96,804)

One of the largest ZIP codes on our list, 60045 includes the town of Lake Forest, home of some of the state’s highest-paying businesses and the fifth-highest median household income, according to City-Data.com. The largest industries are finance and insurance, which include Baytree National Bank & Trust, Z Capital Partners and TS Financial Group.

7. 60606 — Chicago’s West Loop and Fulton River District ($94,550)

Centered on Chicago’s Willis Tower, 60606 is the Windy City’s financial district. In 2012, the ZIP code was home to over 941 financial and insurance businesses, as well as 147 information businesses. People seem to enjoy living here, too, as residents in this ZIP code also have the second-highest per capita income in the state.

8. 60601 — Chicago, The Loop, near Eastside ($93,447)

This segment of The Loop, between West Upper Wacker Drive and West Randolph Street, is not only one of the highest-paying ZIP codes in Illinois, but it’s also the most densely populated. Residents, mostly renters in small households, and businesses do well here in the area that is eighth in the state in average payroll and third for median income.

9. 60654 — Chicago’s River North ($93,447)

Chicago’s River North neighborhood sees an average annual pay of $93,477 per worker. While the ZIP code is perhaps best known for the monolithic Merchandise Mart, retail is actually the third-largest industry here after wholesale trade, finance and insurance.

10. 62084 — Roxana and South Roxana ($93,097)

The residential ZIP code of 62084 covers the western parts of Roxana and South Roxana. Businesses range from Gemini Industries, an accessory manufacturer, to Carmedic, the paintless dent remover. The mean annual pay per employee of $93,097 at businesses is substantially above the $53,000 residents see, which suggests there is little crossover between those who live here and others who work in the area. 

Rank Area Number of establishments Paid employees for pay period Payroll per Employee Employees Per Establishment
1 ZIP 60603 (Chicago, IL) 1708 43116 $140,361.61 25.24
2 ZIP 60196 (Schaumburg, IL) 56 7340 $122,552.18 131.07
3 ZIP 60064 (North Chicago, IL) 202 21063 $115,538.29 104.27
4 ZIP 60407 (Braceville, IL) 19 1252 $104,301.12 65.89
5 ZIP 61242 (Cordova, IL) 23 1416 $101,278.95 61.57
6 ZIP 60045 (Lake Forest, IL) 982 28776 $96,804.11 29.30
7 ZIP 60606 (Chicago, IL) 3293 132982 $96,736.85 40.38
8 ZIP 60601 (Chicago, IL) 2454 77225 $94,550.52 31.47
9 ZIP 60654 (Chicago, IL) 1603 39750 $93,477.36 24.80
10 ZIP 62084 (Roxana, IL) 35 1302 $93,097.54 37.20
11 ZIP 60661 (Chicago, IL) 989 30288 $90,305.37 30.62
12 ZIP 60522 (Hinsdale, IL) 15 518 $86,837.84 34.53
13 ZIP 60048 (Libertyville, IL) 1361 21234 $84,665.77 15.60
14 ZIP 60147 (Lafox, IL) 17 333 $81,921.92 19.59
15 ZIP 60093 (Winnetka, IL) 944 9894 $81,113.00 10.48
16 ZIP 60476 (Thornton, IL) 59 664 $80,390.06 11.25
17 ZIP 62875 (Patoka, IL) 19 162 $79,771.60 8.53
18 ZIP 61125 (Rockford, IL) 23 4164 $78,389.53 181.04
19 ZIP 61930 (Hindsboro, IL) 7 18 $78,388.89 2.57
20 ZIP 61475 (Sciota, IL) 8 22 $77,590.91 2.75
21 ZIP 60143 (Itasca, IL) 724 20673 $77,296.38 28.55
22 ZIP 60604 (Chicago, IL) 1066 35741 $76,611.71 33.53
23 ZIP 60121 (Elgin, IL) 24 404 $76,606.44 16.83
24 ZIP 60523 (Oak Brook, IL) 1454 38106 $76,593.06 26.21
25 ZIP 60192 (Hoffman Estates, IL) 374 6846 $75,093.05 18.30
26 ZIP 61338 (Manlius, IL) 7 45 $75,088.89 6.43
27 ZIP 60062 (Northbrook, IL) 2885 52158 $74,087.37 18.08
28 ZIP 61007 (Baileyville, IL) 10 50 $73,880.00 5.00
29 ZIP 60519 (Eola, IL) 9 54 $72,851.85 6.00
30 ZIP 62892 (Vernon, IL) 8 69 $72,739.13 8.63
31 ZIP 62540 (Kincaid, IL) 17 193 $72,580.31 11.35
32 ZIP 60532 (Lisle, IL) 1114 24619 $72,312.16 22.10
33 ZIP 61105 (Rockford, IL) 15 1400 $70,919.29 93.33
34 ZIP 60555 (Warrenville, IL) 541 10196 $69,539.33 18.85
35 ZIP 61341 (Marseilles, IL) 116 2506 $68,356.74 21.60
36 ZIP 60069 (Lincolnshire, IL) 576 20870 $68,164.35 36.23
37 ZIP 60190 (Winfield, IL) 237 6116 $67,637.84 25.81
38 ZIP 60026 (Glenview, IL) 460 6532 $67,331.75 14.20
39 ZIP 60454 (Oak Lawn, IL) 10 35 $67,257.14 3.50
40 ZIP 60410 (Channahon, IL) 255 3787 $66,171.64 14.85
41 ZIP 62935 (Galatia, IL) 30 1183 $66,152.16 39.43
42 ZIP 62253 (Keyesport, IL) 16 72 $65,750.00 4.50
43 ZIP 60633 (Chicago, IL) 150 6852 $65,582.31 45.68
44 ZIP 60631 (Chicago, IL) 979 23329 $65,330.88 23.83
45 ZIP 60605 (Chicago, IL) 949 24068 $65,209.91 25.36
46 ZIP 60195 (Schaumburg, IL) 428 6492 $65,087.18 15.17
47 ZIP 61702 (Bloomington, IL) 50 473 $64,818.18 9.46
48 ZIP 60165 (Stone Park, IL) 99 996 $64,397.59 10.06
49 ZIP 62225 (Scott Air Force Base, IL) 78 1657 $64,084.49 21.24
50 ZIP 60612 (Chicago, IL) 926 34797 $64,077.91 37.58
51 ZIP 61547 (Mapleton, IL) 43 969 $63,668.73 22.53
52 ZIP 60515 (Downers Grove, IL) 1770 47804 $63,082.40 27.01
53 ZIP 61010 (Byron, IL) 146 2461 $62,924.83 16.86
54 ZIP 62272 (Percy, IL) 23 446 $62,787.00 19.39
55 ZIP 61327 (Hennepin, IL) 43 428 $62,558.41 9.95
56 ZIP 62257 (Marissa, IL) 59 852 $62,464.79 14.44
57 ZIP 60081 (Spring Grove, IL) 243 2343 $62,242.85 9.64
58 ZIP 62510 (Assumption, IL) 34 1130 $62,135.40 33.24
59 ZIP 60181 (Villa Park, IL) 1391 24482 $61,751.29 17.60
60 ZIP 62941 (Grand Chain, IL) 8 119 $61,647.06 14.88
61 ZIP 60637 (Chicago, IL) 382 22646 $61,584.30 59.28
62 ZIP 60018 (Des Plaines, IL) 1521 43903 $61,445.28 28.86
63 ZIP 60201 (Evanston, IL) 1402 21512 $61,359.01 15.34
64 ZIP 60563 (Naperville, IL) 1796 34985 $61,130.77 19.48
65 ZIP 62865 (Mulkeytown, IL) 15 145 $61,096.55 9.67
66 ZIP 60025 (Glenview, IL) 1490 19013 $60,842.21 12.76
67 ZIP 60008 (Rolling Meadows, IL) 932 18257 $60,835.02 19.59
68 ZIP 61265 (Moline, IL) 1363 26305 $60,448.05 19.30
69 ZIP 60439 (Lemont, IL) 804 11666 $60,223.98 14.51
70 ZIP 62677 (Pleasant Plains, IL) 38 167 $59,898.20 4.39
71 ZIP 62942 (Grand Tower, IL) 7 41 $59,829.27 5.86
72 ZIP 62048 (Hartford, IL) 43 696 $59,685.34 16.19
73 ZIP 60611 (Chicago, IL) 2829 76580 $59,179.17 27.07
74 ZIP 60607 (Chicago, IL) 1668 32203 $58,970.59 19.31
75 ZIP 60065 (Northbrook, IL) 27 604 $58,913.91 22.37
76 ZIP 60527 (Willowbrook, IL) 1271 16896 $58,572.27 13.29
77 ZIP 60433 (Joliet, IL) 232 6142 $58,560.89 26.47
78 ZIP 60029 (Golf, IL) 13 121 $58,421.49 9.31
79 ZIP 60602 (Chicago, IL) 1857 44595 $58,193.05 24.01
80 ZIP 60484 (University Park, IL) 47 2545 $57,537.92 54.15
81 ZIP 61050 (Mc Connell, IL) 10 80 $57,512.50 8.00
82 ZIP 60442 (Manhattan, IL) 159 1371 $57,366.16 8.62
83 ZIP 61204 (Rock Island, IL) 20 419 $56,916.47 20.95
84 ZIP 61235 (Atkinson, IL) 42 351 $56,566.95 8.36
85 ZIP 60565 (Naperville, IL) 666 3935 $56,249.81 5.91
86 ZIP 60154 (Westchester, IL) 473 8074 $56,123.61 17.07
87 ZIP 60173 (Schaumburg, IL) 2097 59840 $56,068.65 28.54
88 ZIP 62524 (Decatur, IL) 15 197 $56,045.69 13.13
89 ZIP 61743 (Graymont, IL) 5 54 $55,925.93 10.80
90 ZIP 61077 (Seward, IL) 7 132 $55,659.09 18.86
91 ZIP 61372 (Troy Grove, IL) 14 115 $55,173.91 8.21
92 ZIP 61132 (Loves Park, IL) 7 127 $55,125.98 18.14
93 ZIP 60934 (Emington, IL) 6 25 $55,120.00 4.17
94 ZIP 60009 (Elk Grove Village, IL) 12 159 $54,968.55 13.25
95 ZIP 60643 (Chicago, IL) 668 8976 $54,642.94 13.44
96 ZIP 60501 (Summit Argo, IL) 247 3386 $54,491.73 13.71
97 ZIP 61602 (Peoria, IL) 490 10593 $54,291.14 21.62
98 ZIP 60060 (Mundelein, IL) 1042 13095 $54,201.07 12.57
99 ZIP 60155 (Broadview, IL) 251 6732 $54,031.05 26.82
100 ZIP 60429 (Hazel Crest, IL) 228 4598 $53,999.35 20.17

Methodology

All data in this study are from the 2012 CB1200CZ11, a survey on business patterns conducted by the U.S. Census Bureau.
To find the highest paying ZIP codes in America, we took the annual total payroll of the ZIP code and divided it by the number of workers in that area.
Certain ZIP codes were excluded because they are exempt from requirements to provide payroll data.
Qualitative data are from City-Data.com or illinois.hometownlocator.com.
Other data are from the census bureau’s 2012 CB1200CZ21. 


Chicago’s Willis Tower image via Shutterstock.