New York, NY — income, home value, property tax, and sales tax.
In ZIP code 10005, part of New York, homes carry a median value of $1,390,600, and the county-level effective property tax rate of 0.92% works out to roughly $12,794 a year on such a home. Households here earn a median of $190,233, with per-capita income at $157,447, so that tax bill absorbs a meaningful share of earnings even at these income levels. Sales tax adds 8.88% to purchases. High property values paired with strong incomes keep ownership within reach for many, though the annual tax outlay remains substantial.
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