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Olympia Fields
Olympia Fields
Illinois
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Olympia Fields is a village in Cook County, Illinois, United States. The population was 4,988 at the 2010 census. The municipality grew up around the prestigious Olympia Fields Country Club, originally established in 1915. Olympia Fields is noteworthy as one of the wealthiest and best educated, majority African-American, communities in the United States. The village's zip code (60461) is one of three majority African American communities which rank among the top five percent in the U.S., for median household income and share of adults with college degrees.

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Has lived here for 15 years. Friendly community, crime free. Excellent grammar school, must be able to afford private school after grade school. Car is necessary no public transportation. High property taxes , highly educated residents.

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Taxes

C+

How did Illinois earn the grade of C+? We examined the state taxes based on how age friendly they are. Illinois has a state sales tax of 6.25%. Of particular interest is that Illinois does not have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. Illinois has an effective property tax rate of 2.32%. Weighing these taxes and other taxes most likely to impact the aging population is how Illinois earned its state tax grade of C+.

Learn more about taxes in Illinois

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