Austin, TX — income, home value, property tax, and sales tax.
In ZIP 78729, near Austin, homes carry a median value of $476,200, and the county's 1.61% effective property tax rate works out to roughly $7,667 a year in taxes on such a home. Households here earn a median of $86,438, so that bill equals about 8.9% of income before any exemptions. Per-capita income sits at $56,393. Adding an 8.25% combined sales tax on purchases, the overall cost of living weighs on owners whose earnings trail the steep valuations common around Austin.
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