Los Angeles, CA — income, home value, property tax, and sales tax.
In ZIP code 90008, within Los Angeles, households earn a median of $61,846, while per-capita income reaches $41,524. Home values run high: the median property sits at $1,040,600. Even so, the county-level effective property tax rate of 0.68% keeps annual property taxes lower than many California homeowners might expect. Sales tax adds 9.75% to most purchases. Together, these figures sketch a place where earning power trails housing prices by a wide margin, and where ongoing costs come from two directions — a property tax tied to a seven-figure median home value, plus one of the higher combined sales tax rates shoppers will encounter.
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