Springfield, IL — income, home value, property tax, and sales tax.
In ZIP code 62561, near Springfield, homes carry a median value of $165,800, and the county's 1.99% effective property tax rate works out to roughly $3,300 a year on such a home. With median household income at $81,646, that tax bill equals about four percent of annual earnings, a share many households can absorb without straining. Per-capita income sits at $45,869. Sales taxes add 7.75% at the register. The relationship between earnings and housing costs here leaves room in most budgets for other expenses.
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