ZIP Code · IL

ZIP 60406

Part of Blue Island, IL

Pop. 23,327·Cook County·174th most expensive ZIP in Illinois

Median rent (all units)

$1,421/mo

Year-over-Year

Stable

Month-over-Month

-3.3%

vs US Median

-$511

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 60406 · $1,421

More affordable than 78% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,120

1 BR

$1,200

2 BR

$1,350

3 BR

$1,740

4 BR+

$2,010

Research median

$1,350/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($56,557) is $1,414 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,740.

From Zillow's monthly rent index (ZORI) for ZIP 60406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,052/yr

At $1,421/mo median

Location

CityBlue Island

StateIL

CountyCook County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -3.3% MoM), not inventory.

Demographics

Who lives here

ZIP 60406 (Blue Island, IL) is roughly split between renters and owners, has a median income below the national average, 19.6% of residents hold a bachelor's degree or higher.

Population

23,327

Median income

$56,557

Median age

37.3

Renters

48.1%

Age distribution

20.8%

27%

22.4%

15.5%

14.4%

Under 1820.8%

18–3427%

35–5422.4%

55–6415.5%

65+14.4%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

25.3%

30.9%

47.4%

White25.3%

Black30.9%

Hispanic47.4%

Asian0.8%

Education (25+)

18.5%

32%

29.9%

19.6%

No HS diploma18.5%

HS diploma32%

Some college29.9%

Bachelor's+19.6%

Housing tenure

51.9%

48.1%

Owner51.9%

Renter48.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 60406 in Blue Island, IL has changed in 5 years

Income

$50,095 → $56,557

up 12.9%

Population

25,007 → 23,327

down 6.7%

Renter share

49.7% → 48.1%

-1.6 pts

Bachelor's+

16.5% → 19.6%

+3.1 pts

Median age

35.2 → 37.3

+2.1 yrs

On the earnings side, the typical household in ZIP 60406 in Blue Island, IL now reports about $56,557, up from $50,095 in 2021. Headcount in the area went from 25,007 to 23,327 between 2021 and 2024, a 6.7% change. About 48.1% of households rent today, against 49.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 16.5% to 19.6%.

Community

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Local insights

Tips for renters in ZIP 60406

About renting in ZIP 60406

Last updated: October 17, 2026

ZIP code 60406 covers Blue Island, IL. The median rent here is $1,421/mo as of October 2026. A 1-bedroom rents for a median of $1,200/mo. A 2-bedroom rents for a median of $1,350/mo.

At 30% of local median household income ($56,557/yr), ZIP 60406 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 60406?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (about $27/hour full-time) to afford the median rent of $1,421/mo in ZIP 60406. The local median household income is $56,557/yr, so the typical household falls short of that bar.