Baldwin, IL — income, home value, property tax, and sales tax.
Households in ZIP code 62242, centered on Baldwin, bring in a median of $60,400 a year, with per-capita income at $33,406. Property taxes run at a county-level rate of 1.43%, which on a median home value of $121,800 works out to roughly $1,742 annually, or about 2.9% of household income. Sales tax adds 7.25% to purchases made locally. That leaves a budget shaped by everyday costs rather than large fixed obligations, since housing values and the resulting tax bill stay within reach of what area earners make.
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