Irvine, CA — income, home value, property tax, and sales tax.
In ZIP code 92706, near Irvine, households earn a median of $102,857, while per-capita income sits at $35,402. A median home value of $893,700 paired with a 0.66% county property tax rate means annual property taxes land near $5,898, a meaningful line item against that household income. Add a 9.25% combined sales tax on purchases, and everyday spending carries a noticeable premium. The gap between median household earnings and per-capita income also hints at larger households pooling resources. Budgeting here means weighing steep housing costs and elevated sales taxes against solid median earnings.
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