Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60457, near Chicago, homes carry a median value of $287,800, and the county-level effective property tax rate of 1.91% translates into roughly $5,500 in annual taxes on such a home. With median household income at $76,786, that bill equals about 7% of yearly earnings, a meaningful slice of the budget. Per-capita income sits at $37,032. A combined sales tax rate of 9.00% adds further cost to everyday purchases. Together, these figures show how property taxes shape what households can set aside after covering housing and daily expenses.
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