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In 2017, Chicago, IL had a population of 2.72M people with a median age of 34.6 and a median household income of $55,295. Between 2016 and 2017 the population of Chicago, IL grew from 2.7M to 2.72M, a 0.425% increase and its median household income grew from $53,006 to $55,295, a 4.32% increase. The population of Chicago, IL is 32.9% White Alone, 29.3% Black or African American Alone, and 29% Hispanic or Latino. 36.4% of the people in Chicago, IL speak a non-English language, and 88.5% are U.S. citizens. The largest universities in Chicago, IL are University of Illinois at Chicago (7,525 degrees awarded in 2016), DePaul University (6,428 degrees), and DeVry University-Illinois (6,038 degrees). The median property value in Chicago, IL is $255,900, and the homeownership rate is 44.9%. Most people in Chicago, IL commute by Drove Alone, and the average commute time is 33.1 minutes. The average car ownership in Chicago, IL is 1 car per household.
Movers Location Economy
The economy of Chicago, IL employs 1.35M people. The largest industries in Chicago, IL are Health Care & Social Assistance (186,461 people), Professional, Scientific, & Technical Services (148,019 people), and Educational Services (128,114 people), and the highest paying industries are Utilities ($90,058), Public Administration ($77,117), and Finance & Insurance ($75,207). Median household income in Chicago, IL is $55,295. Males in Chicago, IL have an average income that is 1.37 times higher than the average income of females, which is $53,388. The income inequality in Chicago, IL (measured using the Gini index) is 0.482, which is higher than than the national average.
Movers Location Housing
The median property value in Chicago, IL was $255,900 in 2017, which is 1.18 times larger than the national average of $217,600. Between 2016 and 2017 the median property value increased from $243,900 to $255,900, a 4.92% increase. The homeownership rate in Chicago, IL is 44.9%, which is lower than the national average of 63.9%. People in Chicago, IL have an average commute time of 33.1 minutes, and they commute by Drove Alone. Car ownership in Chicago, IL is lower than the national average, with an average of 1 car per household.
Movers Location Moving Tip
Fuel surcharge The carrier's tariff provides for a percentage adjustment to the transportation charge (and storage in transit, pickup and delivery) to aid in the recovery of the increased cost of fuel. The surcharge, which can change monthly, is based upon the national average cost of diesel as reported by the U.S. Department of Energy.