Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60706, near Chicago, households earn a median of $84,530, with per-capita income at $44,231. That earnings level shapes how far a paycheck stretches once taxes and housing enter the picture. A median home value of $358,000 carries a 1.91% county property tax rate, and the combined sales tax rate reaches 9.00%. Together, these costs pull against income throughout the year, whether someone is buying a home, paying bills, or making everyday purchases. The gap between what households bring in and what they owe in taxes and housing costs largely determines what remains for saving, spending, and other priorities.
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