Elgin, IL — income, home value, property tax, and sales tax.
ZIP code 60543, centered near Elgin, sits comfortably in middle- to upper-middle-income territory. A median household income of $119,371 and per-capita income of $47,177 place it above many Illinois communities, while a median home value of $343,800 reflects steady owner-occupied housing rather than luxury pricing. The tradeoff appears in property taxes, which run at a county-level effective rate of 2.37 percent, a meaningful annual cost on a home at that value. Sales tax comes to 7.00 percent, adding a bit more to everyday purchases. Together these figures describe a solidly middle-class area where earnings are strong but the tax load is real.
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