ZIP Code 60118

With a median household income of $106,912 in ZIP code 60118, households around Elgin sit comfortably above many Illinois communities, while per-capita income reaches $61,249. A median home value of $357,900 pairs with a county property tax rate of 2.26%, meaning annual property taxes land near $8,089 before any exemptions. Combined with a 7.00% sales tax, everyday purchases carry a noticeable premium. Even so, the earnings base leaves ample room to cover housing costs, taxes, and daily spending, with a sizable gap between income and the obligations tied to owning a home here.