Chicago, IL — income, home value, property tax, and sales tax.
Households in ZIP code 60487, near Chicago, earn a median of $131,793, placing the area well into affluent territory. Per-capita income reaches $52,721, and homes are valued at a median of $351,300. Property taxes run at 1.91% of value at the county level, a rate that adds up quickly on a home at that price. Combined with a 9.00% sales tax, the overall tax load here is steep, though the income base is strong enough to absorb it. This is a high-earning, high-cost pocket of the Chicago area.
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