Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33138, which takes in part of Miami, households earn a median of $75,051, while per-capita income reaches $52,428. Homes here carry a median value of $784,700, so property taxes matter: the county's 0.81 percent effective rate applies to that value. Add a 7.00 percent combined sales tax on purchases, and daily spending and ownership costs both draw on earnings. A household's income therefore stretches across a housing market priced well above the national norm, with the tax structure layered on top.
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