ZIP Code 07042

Households in ZIP code 07042, near Newark, earn a median of $122,847, with per-capita income at $82,808. That income supports a median home value of $821,700, and the county-level property tax rate of 1.91% translates into a substantial annual bill on a home at that price. Sales tax in the area totals 6.62%, adding to everyday costs. Together, these figures show a community where earnings are solid but housing costs and taxes claim a meaningful share of the household budget, shaping how much is left for savings, spending, and other priorities.