Chicago, IL — income, home value, property tax, and sales tax.
ZIP code 60623, on Chicago's West Side, sits in working-class territory: a median household income of $51,878 and per-capita income of $23,933 fall well below what many metro-area households earn. Homes here carry a median value of $237,200, and the county-level effective property tax rate of 1.91% takes a meaningful bite out of ownership costs. Add Chicago's 10.25% combined sales tax, among the higher rates shoppers encounter, and everyday purchases cost more too. Together these figures describe a community where wages are limited and the tax load, on both property and purchases, weighs noticeably on household finances.
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