Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60620, on Chicago's South Side, households earn a median of $48,146, with per-capita income at $26,491. A median home value of $197,700 meets a county property tax rate of 1.91%, which works out to roughly $3,776 in annual taxes before any exemptions. Sales tax in this area runs 10.25%, so everyday purchases carry a noticeable premium. Together, these figures shape the financial landscape: housing costs stay tied to a sizable assessed value, while each dollar spent locally is taxed at one of the higher combined rates in the region.
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