Los Angeles, CA — income, home value, property tax, and sales tax.
In ZIP code 90701, near Los Angeles, homes carry a median value of $776,600 while households earn a median of $101,004. The county's 0.68% effective property tax rate works out to roughly $5,281 annually on that median home — about 5% of household income before other costs. Per-capita income sits at $34,301, so the gap between earnings and housing prices shapes who can buy here. A 9.75% combined sales tax adds to everyday expenses. High home values paired with a low rate keep annual bills below what many California owners pay, though the purchase price itself remains the larger hurdle.
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