New York, NY — income, home value, property tax, and sales tax.
In ZIP code 10069, on New York's Upper West Side, median household income reaches $233,636 and per-capita income is $165,146, while the median home value stands at $2,000,001. At the county-level effective property tax rate of 0.92%, that valuation implies roughly $18,400 in annual property taxes — a substantial sum, though one that eats up a smaller share of earnings than in places where paychecks are thinner and rates higher. Sales tax of 4.38% applies to purchases. High incomes here do offset the steep carrying costs of ownership, but buyers still need considerable resources to enter this market.
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