Chicago, IL — income, home value, property tax, and sales tax.
Households in ZIP code 60022, near Chicago, report a median income of $250,001, with per-capita income at $147,290. Property values run high as well: the median home sits at $1,392,900, and the county-level effective property tax rate of 1.91% applies to that figure, meaning annual property taxes can climb well into five figures. Sales taxes add 9.00% to most purchases. Even at these earning levels, housing costs and taxes absorb a meaningful share of income, so owners here tend to weigh property tax bills alongside mortgage payments when planning their finances.
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