Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60644, households earn a median of $40,950, while per-capita income sits at $22,897. A median home valued at $239,000 would carry property taxes near 1.91% at the county level, a meaningful annual cost against that income. Add Chicago's combined 10.25% sales tax, and everyday purchases take a larger bite than in many parts of the country. Together, housing costs and these two tax rates shape the financial picture here, where earnings trail the metro area and each dollar of income stretches across property levies, sales tax, and daily expenses.
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