Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11204, households bring in a median of $69,479, or $27,871 per person, while the median home sits near $1,098,600. That gap between earnings and property values shapes daily finances. County property taxes run about 0.70%, so a home at that median value carries a yearly bill near $7,690. Add an 8.88% sales tax on purchases, and a household's income stretches across mortgage or rent, taxes, and everyday spending. The combination of steep home prices and layered taxes means careful budgeting matters more here than in places where housing costs and sales taxes are lower.
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