ZIP Code 07046

In ZIP code 07046, near Boonton, households report a median income of $250,001, with per-capita income at $116,093. Homes here carry a median value of $917,000, and the county-level property tax rate of 1.72% means owners pay a sizable sum each year on that valuation. Combined with a 6.62% sales tax, everyday purchases also take a bite. High earnings help offset these costs, though the property tax alone can run well into five figures annually. Budgeting around here leans heavily on income strength to absorb both the housing-related taxes and the sales tax on regular spending.