Buffalo, NY — income, home value, property tax, and sales tax.
In ZIP code 14169, near Buffalo, the median home value is listed at $9,999, which is strikingly low against a median household income of $61,782 and per-capita income of $64,560. Even so, the county-level effective property tax rate of 1.98% means the tax owed on such a low-valued home would be quite small in dollar terms. Sales tax in the area totals 8.75%, a cost that applies to everyday purchases regardless of home value. The gap between what residents earn and what homes here are worth makes this an unusual local market to weigh.
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