Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11223 ZIP code, households earn a median of $63,368, while per-capita income sits at $31,788 — figures that place the area in middle-income territory even as its housing market tells a different story. Median home values reach $1,067,400, and the county-level effective property tax rate of 0.70% means owners still face substantial annual bills given those valuations. Add a combined sales tax of 8.88%, and the cost of living here runs high. This is a place where moderate earnings meet steep real estate prices, squeezing residents from both directions.
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