ZIP Code 07023

Households in ZIP code 07023, near Elizabeth, earn a median of $195,529, with per-capita income at $72,810 — figures that place the area firmly in affluent territory. A median home value of $635,200 reflects that standing. Property taxes are levied at 1.89% countywide, so owners of a home at that median value owe roughly $12,000 annually. Combined with a 6.62% sales tax, the overall tax load is substantial, though the income base here is high enough that these costs sit against a strong economic backdrop rather than straining it.