Chicago, IL — income, home value, property tax, and sales tax.
With a median household income of $93,494 and per-capita income of $46,078, ZIP code 60007 sits solidly in middle-to-upper-middle-income territory near Chicago. Homes here carry a median value of $347,000, and the county-level effective property tax rate of 1.91% means owners pay a meaningful share of that value each year in taxes. Add a combined sales tax rate of 9.00%, and the overall tax load runs above what many parts of the country see. Even so, earnings here generally keep pace, placing the area among the more economically comfortable communities in the Chicago orbit.
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