Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60513, near Chicago, homes carry a median value of $332,400, and the county-level effective property tax rate of 1.91% works out to roughly $6,350 in annual taxes on such a home. With median household income at $110,338 and per-capita income at $51,111, that tax bill absorbs a workable share of earnings, though it still takes a meaningful bite. The 9.00% combined sales tax adds to everyday costs. Buyers weighing a purchase here should factor both the property tax load and the higher sales tax into their overall housing math.
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