Chicago, IL variant. This is a Chicago, IL-specific version of the Income Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Income Tax Calculator.
Income tax in Chicago combines federal, IL state, and no city income tax.
Layers of income tax in Chicago
Chicago levies no local income tax, so your bill is federal + IL state only.
Combine all layers to find your true marginal rate on the next dollar earned.
About Chicago, IL
Chicago does not levy a city income tax, so residents pay Illinois state income tax but no separate municipal wage tax.
Chicago offers relatively affordable home prices for a major US city, though Illinois carries some of the highest property tax rates in the nation.
Chicago's diverse economy spans finance, manufacturing, transportation, and professional services as the largest hub in the Midwest.
Worked example: local tax on $71,673
No city income tax applies in Chicago; only IL state and federal tax do.
Quick reference
- Median home value: $320,000
- Median rent: $2,150/mo
- Median household income: $71,673
- Local sales tax: 10.25%
- Effective property tax rate: 2.1%
- Cost of living index: 107 (US avg = 100)
Frequently Asked Questions
Does Chicago have a local income tax?
No local income tax in Chicago.
What taxes apply to Chicago residents?
Federal, IL state.