ZIP Code 60005

In ZIP code 60005, near Chicago, homes carry a median value of $390,000 while the county-level effective property tax rate sits at 1.91%. That combination produces an annual property tax bill of roughly $7,450, a meaningful sum against a median household income of $99,743 and per-capita income of $56,943. Homeowners here devote a noticeable share of earnings to property taxes alone, before accounting for a combined sales tax rate of 10.00% on everyday purchases. The gap between what households earn and what housing costs — both in purchase price and ongoing taxation — shapes how far income stretches across this area.