Chicago, IL — income, home value, property tax, and sales tax.
Households in Chicago's 60602 ZIP code report a median income of $126,202, with per-capita earnings of $75,431 — figures that support a comfortable standard of living alongside meaningful tax obligations. A home valued at $391,800 would carry roughly $7,483 in annual property taxes at the county's 1.91% rate, a real line item in any ownership budget. Add Chicago's 10.25% combined sales tax, and everyday spending carries a noticeable premium. Even so, the income base here leaves ample room to absorb both, with housing costs and consumption taxes fitting within what these earners bring home each year.
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