Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33161, near Miami, homes carry a median value of $441,700, and the county-level effective property tax rate of 0.81% works out to roughly $3,578 a year in taxes on such a home. With median household income at $58,325, that bill equals about 6.1% of annual earnings, a real squeeze for many owners. Per-capita income sits lower, at $26,864, which sharpens the gap between what housing costs and what people bring in. A 7.00% combined sales tax adds further pressure to daily spending.
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