Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60616, on Chicago's near South Side, households bring in a median of $73,819, while per-capita income sits at $49,091. A median home value of $387,200 pairs with a county property tax rate of 1.91%, which works out to roughly $7,400 a year for a home at that price. Shoppers here also face a combined sales tax of 10.25%, among the higher rates in the region. Together, these figures sketch a cost picture where housing carries the heaviest weight, and everyday purchases take a meaningful bite as well.
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