Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60464, near Chicago, households earn a median of $126,087, or $78,034 per person. A median home costs $460,000, and the county's 1.91% effective property tax rate means the owner of such a home pays roughly $8,786 yearly in property taxes. Sales tax in the area totals 9.00%, adding to the cost of everyday purchases. Together, these figures describe a higher-income community where housing values and the property tax tied to them form the largest ongoing expense, while the sales tax applies broadly to spending on goods and services.
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