Chicago, IL — income, home value, property tax, and sales tax.
ZIP code 60827, on Chicago's far south side, sits in working-class territory: a median household income of $37,217 and per-capita income of $19,882 fall well below metro norms, while the median home value of $153,500 reflects a housing stock priced for buyers with limited budgets. Property taxes in this county run at an effective rate of 1.91%, and the combined sales tax reaches 9.00%, so everyday purchases and ownership both carry a noticeable cost. Households here devote a larger share of earnings to these levies than wealthier communities do, since the same rates apply to incomes that stretch less far.
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