Newark, NJ — income, home value, property tax, and sales tax.
In ZIP code 07004, near Newark, households earn a median of $115,980, or $56,347 per person. Homes here carry a median value of $688,500, and the county-level effective property tax rate is 1.91%, so property taxes take a meaningful share of housing costs. Add the combined sales tax of 6.62% on purchases, and the overall cost picture reflects a higher-income area where housing values and taxes both run above many parts of the state.
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