Miami, FL — income, home value, property tax, and sales tax.
In ZIP code 33181, near Miami, homes carry a median value of $352,500 while the county-level effective property tax rate sits at 0.81%, translating to roughly $2,855 in annual property taxes on a median-priced home. Households here earn a median of $63,275, with per-capita income at $34,352, so that tax bill equals about 4.5% of typical household earnings. Combined with a 7.00% sales tax rate, the overall cost of living weighs on buyers working with these income levels, making the gap between local wages and home prices a central factor in what residents can realistically purchase.
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