Phoenix, AZ — income, home value, property tax, and sales tax.
With a median household income of $55,917 and per-capita income of $28,248, households in ZIP code 85342 earn below what many Phoenix-area residents bring in. Home values sit at $343,600, so buying here generally means carrying a larger mortgage than the income level alone might imply. The county's 0.41% effective property tax rate keeps annual tax bills comparatively contained on that value. Sales tax runs 6.35%, a cost that shows up on everyday purchases rather than once a year. Together these figures shape a budget where housing weighs heavily and discretionary spending stays tight.
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