Bingham, IL — income, home value, property tax, and sales tax.
In ZIP 62885, near Bingham, homes carry a median value of $150,200 and the county's effective property tax rate of 1.45% translates to roughly $2,178 a year in taxes on such a home. Households earn a median of $64,688, while per-capita income sits at $32,353, so the annual property tax bill amounts to about 3.4% of median household earnings. Combined with a 7.25% sales tax rate, housing costs and day-to-day purchases both draw on local paychecks. Whether that balance feels workable depends largely on individual income and how long residents stay in their homes.
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