Chicago, IL — income, home value, property tax, and sales tax.
In ZIP 60153, near Chicago, homes carry a median value of $229,800, and the county's 1.91% effective property tax rate works out to roughly $4,389 a year in taxes on such a home. With median household income at $68,815, that bill consumes about 6.4% of a household's annual earnings, a meaningful slice of the budget. Per-capita income sits lower, at $27,535, so individual earners may feel the pinch more sharply. Add the 9.00% combined sales tax on everyday purchases, and the overall cost of living here leans on homeowners steadily.
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