Elgin, IL — income, home value, property tax, and sales tax.
Households in ZIP code 60124, near Elgin, report a median income of $139,982, with per-capita income at $61,310. A median home value of $430,900 pairs with a county-level effective property tax rate of 2.26%, so property taxes take a meaningful bite out of ownership costs here. Add the combined sales tax rate of 8.50%, and everyday purchases carry a noticeable premium as well. Together these figures sketch a higher-income area where housing and taxes both run above average.
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