ZIP Code 07029

In ZIP code 07029, near Jersey City, homes carry a median value of $499,600 while households earn a median of $88,333. At the county's 1.77% effective property tax rate, a home at that value would generate roughly $8,800 in annual taxes — a sizable share of typical household earnings. Per-capita income sits at $48,577, so the gap between property taxes and individual earnings is wider still. Add the 6.62% combined sales tax on everyday purchases, and the overall cost of living here leans heavily on what residents bring in.