Brooklyn, NY — income, home value, property tax, and sales tax.
In ZIP code 11230, which covers part of Brooklyn, households earn a median of $70,027, while per-capita income sits at $35,898. Home values run high at $874,500, so buyers here often carry sizable mortgages. The county property tax rate of 0.70% translates to roughly $6,122 annually on a home at that median value. Add an 8.88% combined sales tax on everyday purchases, and daily costs climb further. With income near $70,000, housing and taxes together claim a substantial share of earnings, so careful planning matters for anyone budgeting in this area.
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