ZIP Code 07043

ZIP code 07043, near Newark, ranks among the wealthier areas in the region, with a median household income of $250,001 and per-capita income of $108,861. Homes here carry a median value of $975,200, and the county-level effective property tax rate of 1.91% means property taxes are substantial. Combined with a 6.62% sales tax rate, the overall tax load reflects the area's affluence rather than straining it. Households earning at this level can absorb both the property tax tied to high home values and the sales tax on everyday purchases without much difficulty.