Chicago, IL — income, home value, property tax, and sales tax.
ZIP code 60527, near Chicago, sits firmly in affluent territory, with a median household income of $106,543 and per-capita income of $70,997. Homes here carry a median value of $501,700, and the county-level property tax rate of 2.05% means owners pay a substantial amount each year on that valuation. Add a combined sales tax of 9.00%, and the overall tax load is considerable. High earnings and pricey housing define this area, so the taxes tied to living here track with its upscale standing rather than straining a tighter budget.
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