Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60605, homes carry a median value of $453,200, and the county-level effective property tax rate of 1.91% translates into a substantial annual bill. Households here earn a median of $123,922, with per-capita income at $86,529, so property taxes claim a noticeable share of earnings even at these income levels. The combined sales tax rate of 10.25% adds further cost to daily purchases. Buyers weighing a move into this ZIP should account for both the steep tax rate and the price of entry, since carrying costs extend well beyond the mortgage itself.
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