Chicago, IL — income, home value, property tax, and sales tax.
In ZIP 60449, near Chicago, homes carry a median value of $300,000 while the county-level effective property tax rate sits at 2.24%, producing an annual bill of roughly $6,720 before any exemptions. Households here earn a median of $104,904, so that levy absorbs about 6.4% of typical income — a meaningful slice, though per-capita income of $53,614 shows the area's earnings are spread across a wide range of households. A combined sales tax of 9.00% adds further cost to daily purchases. Buyers weighing a move here should factor both taxes into their monthly math.
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