Des Moines, IA — income, home value, property tax, and sales tax.
In ZIP code 50309, part of Des Moines, homes are valued at a median of $292,500, and the county-level effective property tax rate of 1.68% means an owner pays roughly $4,914 a year in property taxes on such a home. With median household income at $56,777, that tax bill equals about 8.7% of annual household earnings, a meaningful squeeze for many buyers. Per-capita income sits higher, at $57,597. Add a 7.00% combined sales tax rate, and the overall cost of living weighs on households trying to buy into this market.
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