Chicago, IL — income, home value, property tax, and sales tax.
ZIP code 60611, in Chicago, ranks among the city's wealthier areas, with median household income at $125,675 and per-capita income of $129,700. Homes here carry a median value of $650,800, and the county-level effective property tax rate of 1.91% applies to that higher assessment base. Sales tax across the combined rate reaches 10.25%, so everyday purchases cost noticeably more than in many other parts of Illinois. Affluent households absorb these taxes without much strain, though the property levy on a $650,800 home still amounts to a substantial annual sum.
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