ZIP Code 07001

In ZIP code 07001, near Edison, homes carry a median value of $401,000 and the county's effective property tax rate of 2.10% translates into roughly $8,400 a year in taxes. With median household income at $101,670, that bill equals about 8% of annual earnings, while per-capita income sits at $42,240. The combined sales tax rate of 6.62% adds further cost to daily purchases. Together, these figures show a housing market where incomes are solid but property taxes still claim a meaningful share of what households bring in.