Austin, TX — income, home value, property tax, and sales tax.
In Austin's 78705, a median home value of $647,600 collides with a median household income of just $32,380. At the county's 1.48% effective rate, property taxes on such a home run roughly $9,584 annually — far beyond what most households here earn in a year. Per-capita income sits at $26,154, underscoring how sharply housing costs outpace local earnings. Add an 8.25% combined sales tax, and daily expenses climb further. This gap between home values and incomes shapes who can stay in the ZIP, where ownership demands resources well above what the area's wages typically provide.
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