Newark, NJ — income, home value, property tax, and sales tax.
Households in ZIP code 07044, near Newark, report a median income of $161,843, with per-capita income at $82,980. A median home value of $608,400 pairs with a county-level effective property tax rate of 1.91%, which works out to a substantial annual bill on a property at that price. Sales tax in the area combines to 6.62%, adding to everyday costs. Strong earnings here offset some of that pressure, though the housing and tax figures together shape what a household can realistically set aside.
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