Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33137, part of the Miami area, homes carry a median value of $616,800 while the county-level effective property tax rate sits at 0.81%. That combination yields an annual property tax bill of roughly $5,000, a figure that lands differently depending on what a household brings in. Median household income here is $94,036, and per-capita income reaches $66,422 — both high enough that the tax bill absorbs a smaller share of earnings than it would in many other Florida markets. Sales tax in the area totals 7.00%, adding to the overall cost of living.
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