Phoenix, AZ — income, home value, property tax, and sales tax.
In ZIP code 85257, near Phoenix, homes carry a median value of $506,300, and the county's 0.44% effective property tax rate yields an annual bill of roughly $2,200. With median household income at $86,962 and per-capita income at $55,819, that tax consumes a sliver of yearly earnings, though the purchase price itself demands substantial income. A combined sales tax rate of 8.00% adds to everyday costs. Buyers here weigh a half-million-dollar median price against solid local earnings, and the low rate keeps ongoing ownership expenses from climbing much beyond the mortgage.
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