Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33141, near Miami, homes carry a median value of $435,000, and the county-level property tax rate of 0.81% works out to roughly $3,524 a year on such a home. With median household income at $68,738, that tax equals about 5.1% of annual earnings, a noticeable slice of the budget. Per-capita income sits at $49,184. A 7.00% combined sales tax adds further cost to daily purchases. Buying here means weighing a six-figure price tag against earnings that, while solid, leave little slack once property taxes and sales taxes are accounted for.
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