Phoenix, AZ — income, home value, property tax, and sales tax.
Households in ZIP code 85340, near Phoenix, report a median income of $122,323, while per-capita income sits at $45,277. Homes here carry a median value of $547,500, and the county-level property tax rate of 0.44% translates into a comparatively contained annual bill on that value. Sales tax, by contrast, reaches 9.10% combined, so everyday purchases carry a heavier share of the load than property ownership does. Together, the figures sketch a picture of above-average earnings paired with a housing market priced well beyond the national midpoint.
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