Chicago, IL — income, home value, property tax, and sales tax.
Homes in ZIP code 60133, near Chicago, carry a median value of $274,200, and the county-level effective property tax rate of 2.05% works out to roughly $5,600 a year in taxes on such a home. With median household income at $91,763, that tax bill equals about six percent of annual household earnings, while per-capita income sits at $33,213. A 9.00% combined sales tax rate adds to the overall cost of living. Buyers weighing a purchase here should factor both the property tax load and the sales tax into their monthly budgets.
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