Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60604, households earn a median of $81,658, while per-capita income reaches $132,803 — a gap hinting at a mix of household sizes and high earners. A median home value of $597,100 carries a 1.91% county property tax rate, a substantial annual bill for owners. Add Chicago's 10.25% combined sales tax, among the steepest in the country, and everyday purchases cost noticeably more. Together, housing costs and consumption taxes weigh heavily against income here, so a household's overall financial picture depends greatly on whether it owns property and how much it spends.
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