Buffalo, NY — income, home value, property tax, and sales tax.
In Buffalo's 14201 ZIP code, homes carry a median value of $337,600, and the county-level effective property tax rate of 1.98% translates into a hefty annual bill of roughly $6,684. That figure looms large against a median household income of $40,512 — property taxes alone would absorb about 16.5% of a typical household's yearly earnings, a serious strain for many owners. Per-capita income sits at $32,192, and shoppers also contend with an 8.75% combined sales tax rate, which further trims spending power. High home values paired with modest earnings create real pressure on housing costs here.
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