Chicago, IL — income, home value, property tax, and sales tax.
Households in ZIP code 60004, near Chicago, report a median income of $128,979, with per-capita income at $63,438. A median home value of $424,200 pairs with a county property tax rate of 1.91%, which works out to several thousand dollars annually for a home at that price. Sales tax in the area reaches 10.00%, a rate that adds up quickly on everyday purchases. Together, the income level supports the housing costs, though the property and sales tax rates both take a noticeable bite out of what households keep.
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