Bingham, IL — income, home value, property tax, and sales tax.
In ZIP code 62418, which takes in Bingham, households earn a median of $58,448 a year, with per-capita income at $32,177. Homes here are valued at a median of $134,900, and the county-level property tax rate of 1.45% works out to roughly $1,956 annually on such a home — a real line item against that paycheck. Add the 7.25% combined sales tax on everyday purchases, and earnings stretch only so far. The gap between household and per-capita figures also hints at varied household sizes, so actual take-home budgets differ widely across the area.
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