Ithaca, NY — income, home value, property tax, and sales tax.
In ZIP code 14850, which takes in Ithaca, households earn a median of $71,445 a year, while per-capita income reaches $43,541. With homes valued at a median of $353,500, property taxes at the county's 2.24 percent rate would run roughly $7,900 annually — a heavy claim on a median earner's paycheck. Adding an 8.00 percent sales tax on purchases squeezes disposable income further. Buyers weighing a move here should plan for housing costs that outpace what local wages comfortably cover, and should factor both the property levy and the sales tax into any monthly spending plan.
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