Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33150, near Miami, households earn a median of $40,873, while per-capita income sits at $23,540. With homes valued at $453,400, the gap between earnings and housing costs is striking. A county-level property tax rate of 0.81% adds roughly $3,672 annually on a home at that median value, a substantial sum against a $40,873 income. Sales tax of 7.00% further trims spending power on everyday purchases. Together, these costs shape a tight financial picture for local households, where income must stretch across both daily expenses and one of South Florida's pricier housing markets.
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