Chicago, IL — income, home value, property tax, and sales tax.
In ZIP code 60805, on Chicago's southwest side, homes carry a median value of $267,500, and the county-level effective property tax rate of 1.91% translates into roughly $5,100 in annual taxes on such a home. Households here earn a median of $95,719, while per-capita income sits at $43,987, so the property tax bill absorbs about 5% of median household earnings. Sales taxes add 9.00% to purchases. Buyers weighing a move to this ZIP should expect steady income to matter as much as down payment, since the tax rate compounds the cost of owning.
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