ZIP Code 10031

In ZIP code 10031, part of New York City, median household income of $65,283 and per-capita income of $37,023 place the area in middle-income territory, though home values tell a different story: a median of $609,700. With the county's 0.92% effective property tax rate, owners face a substantial annual bill on that valuation. Add an 8.88% combined sales tax, and the cost of living runs high against local earnings. This is a working- to middle-income community where housing wealth and tax obligations both sit well above what the income figures alone might imply.