Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60429, near Chicago, homes carry a median value of $183,600, and the county-level property tax rate of 1.91% works out to roughly $3,507 a year for a home at that price. With median household income at $66,988, that tax bill equals about 5.2% of annual earnings, a real cost that shapes what buyers here can take on. Per-capita income sits lower, at $30,162, so the squeeze varies by household. Add the 9.00% combined sales tax, and everyday purchases also chip away at what's left after housing costs.
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