Brooklyn, NY — income, home value, property tax, and sales tax.
In Brooklyn's 11249, median household income reaches $123,047 while per-capita income sits at $76,853, yet the median home value climbs to $1,478,400. At the county's 0.70% effective property tax rate, that valuation translates into roughly $10,349 in annual taxes—about 8.4% of median household earnings before any exemptions. Sales tax adds 8.88% on purchases. Buyers here face a steep gap between what homes cost and what most households bring in, making ownership a stretch even at these income levels.
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