Miami, FL — income, home value, property tax, and sales tax.
In ZIP 33129, on the edge of Miami, homes carry a median value of $736,300, and the county's 0.81% effective property tax rate works out to roughly $5,960 a year on a house at that price. Households here earn a median of $113,367, so that tax bill absorbs a little over five percent of yearly income, while per-capita income stands at $75,262. Add the 7.00% combined sales tax on everyday purchases, and the overall cost of living tilts high, though strong earnings give buyers here more headroom than many elsewhere in the region.
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