Buffalo, NY — income, home value, property tax, and sales tax.
ZIP code 14031, near Buffalo, sits comfortably in affluent territory. A median household income of $103,750 and per-capita income of $62,481 both run well above national averages, while a median home value of $343,700 reflects a housing stock priced for established earners. That value does carry a real tax cost: the county-level effective property tax rate of 1.98% is steep, meaning owners of a median-priced home owe a substantial annual sum. Add an 8.75% combined sales tax on purchases, and residents here face a noticeably heavy overall tax load despite their strong earnings.
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