Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60653, median household income stands at $40,666 while per-capita income reaches $40,344, yet the median home value is $361,000. At the county's 1.91% effective property tax rate, owning that median home would carry an annual tax bill of roughly $6,900 — far beyond what most local households earn in a year. That gap between earnings and housing costs shapes daily life here, and the 10.25% combined sales tax adds further strain on tight budgets. Buying in this ZIP code demands either substantial savings, outside help, or a willingness to stretch finances considerably.
These numbers change over time. Get an update when they do — plus our recommendations.
No spam. Unsubscribe any time.