Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33142, on the edge of Miami, households bring in a median of $39,608 a year, while per-capita income sits at $20,313. That gap hints at a mix of single earners, larger families, and retirees sharing the same streets. A median home value of $349,000 against those earnings means housing consumes a large share of paychecks, though the county's 0.81% effective property tax rate eases the annual bill somewhat. Add the 7.00% combined sales tax on everyday purchases, and daily costs climb further. Budgets here stretch thin, with little slack between what comes in and what goes out.
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