Tax Burden in ZIP Code 60601
Chicago, IL — Cook County
At the median income of $58,000, the estimated total tax burden in ZIP 60601 is $19,447 (33.5% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$8,120
FICA
$4,437
Property Tax
$6,890
Total Tax Burden
$19,447
33.5% effective
Tax Details for ZIP 60601
ZIP code 60601 is located in Cook County, IL, within the Chicago MSA metropolitan area. The area has a cost of living index of 107 (100 = national average), close to the national average.
The effective property tax rate is 2.12%. On the median home price of $325,000, this equals $6,890 per year ($574/month).
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