Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11213 ZIP code, median household income sits at $65,127 while per-capita income reaches $37,373, yet the median home value climbs to $1,094,700. That gap is stark: buying at the midpoint would demand well over a decade of total household earnings. The county-level effective property tax rate of 0.70% softens the blow somewhat, since it applies to assessed value rather than the full market price, but owners still face a meaningful annual bill. Add an 8.88% combined sales tax on everyday purchases, and the squeeze on budgets becomes clear.
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