Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60418, near Chicago, households earn a median of $75,752, with per-capita income at $41,250. That earnings level shapes how far each dollar stretches. A median home value of $195,200, taxed at the county's 1.91% effective rate, works out to roughly $3,700 in annual property taxes. Add a combined sales tax of 9.00%, and everyday purchases carry a noticeable premium. Together these costs draw meaningfully on a household's take-home pay, so careful planning around housing and spending matters more here than in places where taxes take a smaller bite.
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