Chicago, IL — income, home value, property tax, and sales tax.
ZIP code 60647, on Chicago's near northwest side, sits in solidly middle-to-upper-income territory: a median household income of $107,060 and per-capita income of $70,281 both run well above national norms. That earning power pairs with a median home value of $586,200, and the county-level effective property tax rate of 1.91% means owners here face a substantial annual bill. Add Chicago's combined 10.25% sales tax, and the overall cost of living carries real weight. This is a comfortable but not wealthy pocket of the city, where strong incomes are matched by steep housing and tax costs.
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