Elgin, IL 60120

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 8910 15830 $12,737 $1,547
(4.26% of returns)
$1,852
(2.81% of returns)
$5,135
$25,000 to $50,000 7750 18330 $29,471 $2,078
(4.77% of returns)
$6,740
(6.97% of returns)
$5,057
$50,000 to $75,000 3640 9420 $41,999 $2,250
(10.99% of returns)
$14,900
(11.54% of returns)
$5,485
$75,000 to $100,000 1830 4860 $53,319 $2,340
(19.13% of returns)
$18,121
(15.3% of returns)
$5,898
$100,000 to $200,000 1920 4980 $75,551 $4,675
(33.33% of returns)
$22,630
(18.75% of returns)
$6,811
Over $200,000 290 760 $172,830 $10,900
(55.17% of returns)
$23,340
(17.24% of returns)
$10,528
For Zip 24340 54180 $36,029

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0495 0 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0205 2

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.0625 0.0283 0.0908 6