Irvine, CA — income, home value, property tax, and sales tax.
Homes in ZIP code 92661 near Irvine carry a median value of $2,000,001, the steepest figure in this set. Even so, the county's 0.66% effective property tax rate works out to roughly $13,200 a year on that median home — a sum that a household earning the median $209,231 can absorb, though it still claims a noticeable slice of income. Per-capita income sits at $135,686. Add the 7.75% combined sales tax on everyday purchases, and the overall cost of living here leans heavily on high earnings to offset high prices.
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