Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33157, near Miami, homes carry a median value of $547,300 while the county-level effective property tax rate sits at 0.81%, translating to roughly $4,433 in annual property taxes on a median-valued home. Households here earn a median of $81,589, so that tax bill equals about 5.4% of median household income—a meaningful share, though per-capita income of $38,579 hints at wide variation within the area. A 7.00% combined sales tax rate adds further cost to daily purchases. Together, these figures show buyers weighing substantial home prices against incomes that may stretch to cover both ownership costs and everyday expenses.
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