Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60641, median household earnings of $83,758 meet a housing market where the median home is valued at $391,100. At the county's 1.91% effective property tax rate, that home would generate an annual bill near $7,470 — roughly nine percent of median household income. Per-capita income sits at $42,616. Buyers should also account for a combined sales tax of 10.25%. The relationship between what households earn and what they owe in property taxes shapes how far a paycheck stretches across mortgage, insurance, and daily costs in this ZIP code.
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