Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60618 ZIP code, households earn a median of $106,384, with per-capita income at $64,275. A median home valued at $562,700 carries property taxes near 1.91% at the county level, an annual bill around $10,700 before any exemptions. Combined with a 10.25% sales tax on purchases, these costs shape what a paycheck covers each month. Housing and taxes together claim a meaningful share of earnings, so day-to-day spending and saving hinge on how far the remaining income stretches across mortgage payments, groceries, and other essentials in this part of the city.
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