Chicago, IL — income, home value, property tax, and sales tax.
Households in ZIP code 60423, near Chicago, earn a median of $136,730, placing the area well into affluent territory, with per-capita income at $57,575. Homes here carry a median value of $398,200, and the county-level effective property tax rate of 2.24% means property taxes take a meaningful bite out of ownership costs. Add a combined sales tax of 9.00%, and the overall tax load is substantial, though incomes at this level can absorb it more readily than in lower-earning communities. This is a high-income ZIP where both property and sales taxes run above what many parts of the country see.
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