Champaign, IL — income, home value, property tax, and sales tax.
In ZIP code 61874, near Champaign, households earn a median of $91,667, while per-capita income reaches $50,968. That earnings level shapes how housing and taxes fit into a budget: with a median home value of $316,300 and a county property tax rate of 2.06%, annual property taxes run roughly $6,500. Add a combined sales tax of 7.50% on purchases, and the overall cost of living leans on both income taxes and spending. Higher earnings help absorb these costs, though the property tax rate stands out as a meaningful line item for homeowners in this area.
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