Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60173, near Chicago, homes carry a median value of $372,000, and the county-level effective property tax rate of 1.91% works out to roughly $7,100 in annual taxes on such a home. Households here earn a median of $104,390, with per-capita income at $63,437, so that tax bill equals about 6.8% of median household earnings. Sales taxes add another cost, combining to 10.00% on purchases. Buyers weighing a move should factor both the purchase price and the recurring tax load into what they can comfortably carry.
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