Iowa City, IA — income, home value, property tax, and sales tax.
In ZIP code 52245, which covers part of Iowa City, homes carry a median value of $315,100 while households earn a median of $78,020. At the county's 1.52% effective property tax rate, that home value would generate roughly $4,790 in annual taxes — a meaningful share of a typical household's income. Per-capita income sits at $44,903. The 7.00% combined sales tax rate adds further cost to everyday purchases, so between property taxes tied to home value and sales taxes on spending, housing and daily expenses together shape how far earnings stretch here.
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