Los Angeles, CA — income, home value, property tax, and sales tax.
In ZIP code 90601, near Los Angeles, homes carry a median value of $787,500, and the county-level effective property tax rate of 0.68% works out to roughly $5,355 a year in taxes on such a home. With median household income at $104,052, that bill absorbs about 5% of a household's annual earnings, a real but not overwhelming share. Per-capita income sits at $46,565. A combined sales tax rate of 10.50% adds further cost to daily purchases, compounding the squeeze that high home values and living expenses place on budgets here.
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