Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60160, near Chicago, households earn a median of $66,189, while per-capita income sits at $29,979. A median home value of $275,800 meets an effective property tax rate of 1.91% at the county level, a combination that shapes annual ownership costs considerably. Add a combined sales tax of 9.00%, and everyday purchases carry a noticeable premium. Together these figures sketch a place where incomes trail the housing prices and where both property and sales taxes draw meaningfully on household budgets throughout the year.
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