Los Angeles, CA — income, home value, property tax, and sales tax.
ZIP code 90007, in Los Angeles, sits in working-class territory: a median household income of $35,378 and per-capita income of $19,786 fall well below what the surrounding metro typically earns. Home values, though, are another story — a median of $861,700 reflects Southern California's steep real estate market. Property taxes run at 0.68% of value countywide, so an owner of a median-priced home would owe roughly $5,860 yearly. Sales tax reaches 9.75% on purchases. The result is a sharp split: modest earnings against expensive housing and elevated consumption taxes.
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