ZIP Code 62940 -- Gorham, IL
Jackson | 2024 American Community Survey Data
Key Insights
- With a price-to-income ratio of 0.5x, housing here is relatively affordable compared to the recommended 3-5x benchmark.
- With a median age of 23.90, this is a very young community — likely home to a university campus or young professional hub.
Quick Overview
About ZIP Code 62940
ZIP code 62940 in Gorham, Illinois is a unknown area with a population of 645. The median household income is $64,375, which is This is 14% below the national median of $75,000.. The median home value is $29,400, representing a price-to-income ratio of 0.5x . The cost of living is significantly below average with an index of 30.4 (the national average is 100). Residents have a median age of 23.90 years. Approximately 10.0% of adults hold a bachelor's degree or higher. This ZIP code is located in Jackson, IL.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 14% below the national median of $75,000.
Income Distribution
Housing
Affordable housing market
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 62940 is 69.6% below the national average of 100.
Compare 62940 with:
Compare 62940 with Another ZIP Code
Nearby ZIP Codes
Other ZIP Codes in Jackson
Frequently Asked Questions about ZIP Code 62940
ZIP code 62940 (Gorham, IL) has a total population of 645 according to the 2024 American Community Survey. The median age is 23.90 years.
The median household income in ZIP code 62940 is $64,375 per year, based on 2024 Census Bureau data. This is 14% below the national median of $75,000.
ZIP code 62940 is primarily located in Gorham, Illinois (IL). It falls within Jackson County.
The median home value in ZIP code 62940 is $29,400, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $722.
The median age in ZIP code 62940 is 23.90 years, compared to the national median of 38.9 years. This makes the area younger than the national average.
ZIP code 62940 has a cost of living index of 30.37 (national average = 100). This means the cost of living is significantly below average compared to the national average.
In ZIP code 62940, 10.03% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 4.53% hold a graduate or professional degree.
The unemployment rate in ZIP code 62940 is 13.56%, which is above the national average of 3.6%. About 0.00% of workers work from home.
Explore More
Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.