Austin, TX — income, home value, property tax, and sales tax.
In ZIP 78737, near Austin, homes carry a median value of $765,000, and the county's 1.66% effective property tax rate translates into roughly $12,700 a year in taxes on such a home. Households here earn a median of $168,920, with per-capita income at $74,677, so that tax bill absorbs a meaningful share of earnings even at these income levels. Combined with an 8.25% sales tax rate, the overall cost of living runs high. Buying in this ZIP means pairing strong incomes with steep housing and tax costs.
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