Dorchester, IA — income, home value, property tax, and sales tax.
In ZIP code 52162, which takes in Dorchester, households bring in a median of $64,125 a year, while income works out to $25,652 per person. A median home value of $133,100 pairs with a county property tax rate of 1.27%, so annual property taxes land near $1,690 on that median home. Add a 7.00% combined sales tax on purchases, and the paycheck has to stretch across housing, goods, and daily expenses. The gap between household and per-capita income hints at multi-earner homes or larger families sharing what comes in.
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