ZIP Code 07016

Households in ZIP code 07016, near Elizabeth, report a median income of $155,972, with per-capita income at $80,695. A median home value of $660,100 pairs with a county-level effective property tax rate of 1.89%, so property taxes take a meaningful bite out of annual budgets. Sales taxes add 6.62% at checkout on taxable purchases. Together, these figures sketch a high-income area where housing costs and property taxes weigh heavily, while the sales tax rate stays in the middle range for New Jersey.