ZIP Code 32550

In ZIP code 32550, near Defuniak Springs, households bring in a median of $101,250 a year, with per-capita income reaching $86,845. Homes here carry a median value of $741,600, and the county's 0.45% effective property tax rate means the annual tax bill on such a home runs well below what many higher-rate areas charge. Sales taxes combine to 7.00%, a cost that applies mainly to day-to-day purchases. With earnings this strong, housing costs and consumption taxes take up a smaller share of the budget, leaving room for saving, investing, or other priorities.