ZIP Code 07006

In ZIP code 07006, near Newark, households earn a median of $149,102, with per-capita income at $73,792. That earnings level shapes how housing and taxes fit into a budget. At a median home value of $694,400, the county's 1.91% effective property tax rate works out to a substantial annual bill, one that higher earners here are better positioned to absorb than households on smaller incomes. Day-to-day purchases carry a combined 6.62% sales tax. Together, these figures describe a community where strong incomes support ownership costs, though the property tax line remains the largest recurring expense tied to a home.