Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60608 ZIP code, median household income stands at $73,366, while per-capita income is $37,105. Homes here carry a median value of $358,600, and the county-level property tax rate of 1.91% means owners pay a meaningful share of that value each year. Add the combined sales tax of 10.25%, and everyday purchases also carry a notable premium. Together, these figures sketch a cost picture where housing and consumption taxes both weigh on household budgets, set against incomes that sit below what the home values alone might imply.
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