Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60165, near Chicago, homes carry a median value of $242,100, and the county-level effective property tax rate of 1.91% works out to roughly $4,624 a year in taxes on such a home. With median household income at $67,224, that bill equals about 6.9% of annual earnings before any exemptions or deductions. Per-capita income sits lower, at $22,707. A combined sales tax rate of 9.00% adds further cost to everyday purchases, so housing and taxes together claim a meaningful share of what households here bring in.
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