Chicago, IL — income, home value, property tax, and sales tax.
In Chicago's 60655 ZIP code, median household income of $114,723 and per-capita income of $53,186 place the area solidly above middle-income, though not in the top tier of earners. Homes carry a median value of $324,300, and the county-level effective property tax rate of 1.91% means owners pay a substantial share of that value annually. Add a combined sales tax of 10.25%, and daily purchases carry a noticeable premium. Together these figures describe a comfortable but taxed community on Chicago's Southwest Side, where solid earnings meet one of the steeper overall tax loads in the region.
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