ZIP Code 98116

In ZIP code 98116, part of Seattle, households earn a median of $126,151, or $87,809 per person, while the median home is valued at $973,400. County property taxes run 0.83% of assessed value, and the combined sales tax reaches 10.55%. A home at that median value would generate roughly $8,079 in annual property tax, a sizable sum even against this income level. Day-to-day purchases also carry Washington's higher sales tax, adding cost to groceries, dining, and services. Together, steep housing prices and dual taxation shape the financial landscape here.