Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60126, near Chicago, households earn a median of $147,566, with per-capita income at $77,520. That earnings base shapes how housing and taxes fit into a budget: the median home value is $540,300, and the county's 2.05% effective property tax rate translates into a substantial annual bill on such a home. Add a 9.00% combined sales tax on purchases, and everyday spending carries a noticeable premium. Even with strong incomes, carrying costs here reflect a market where property taxes and sales taxes both draw meaningfully from what households bring in each year.
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