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According to statistics, the population in Chicago, IL amounts to 2,705,988, which shows decline 0% compared to the previous year. The median age of the city’s residents is 35. The average household income is $57,238, shifting growth 4% from the past year, and the average property value in Chicago, IL growth 6% to $271,600 throughout the year.
|Number Of Employees||1M|
|Median Property Value||$271,600|
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,077,886 households in Chicago, IL . The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Chicago, IL shifted from $255,900 to $271,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chicago, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chicago, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3000, which is less than the national average.
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