Los Angeles, CA — income, home value, property tax, and sales tax.
In Los Angeles's 91405 ZIP code, the median home value of $737,700 stands far above the median household income of $62,900, a gap that shapes nearly every buying decision locally. The county's 0.68% effective property tax rate works out to roughly $5,016 a year on that median home, a sum that would absorb about 8% of a household's annual earnings before any mortgage payment. Per-capita income sits at $29,238. Add a 9.75% combined sales tax on everyday purchases, and the overall cost of staying put in this part of the city runs high.
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