Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33166, near Miami, households earn a median of $81,581, while per-capita income comes to $44,309. Homes here carry a median value of $530,300, and the county-level property tax rate of 0.81% translates into a meaningful annual bill on that amount. Add a combined sales tax of 7.00%, and daily purchases chip away at earnings as well. With income spread across housing costs and consumption taxes, budgeting calls for attention to both the property tax line and everyday spending, since each draws on the same paycheck.
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