Phoenix, AZ — income, home value, property tax, and sales tax.
Households in ZIP code 85262, on the edge of Phoenix, report a median income of $177,790, with per-capita earnings of $120,343. Homes here carry a median value of $1,287,300, and the county's 0.44% effective property tax rate applies against that figure. Sales tax in the area totals 8.00%, so day-to-day purchases carry a noticeable premium. Even with elevated housing costs, the gap between income and home prices leaves room in most budgets, and the low property tax rate keeps annual ownership costs from climbing as steeply as the price tags might imply.
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