ZIP Code 60542

In ZIP code 60542, near Elgin, households bring in a median of $114,831 a year, while per-capita income sits at $50,320. That earnings level shapes how far a paycheck stretches: with a median home value of $342,400 and a county property tax rate of 2.26%, annual property taxes run roughly $7,700. A 7.00% combined sales tax adds a bit more to everyday purchases. Even so, the gap between income and housing costs leaves many households here with room to cover other expenses, save, or absorb rising prices without the squeeze felt in lower-income areas.