ZIP Code 07047

ZIP code 07047, near Jersey City, sits in middle-income territory, with a median household income of $78,911 and per-capita income of $41,036. Homes carry a median value of $473,500, and the county-level effective property tax rate of 1.77% means owners there shoulder a noticeable annual bill tied to that valuation. Add a combined sales tax of 6.62%, and everyday purchases also feed into the local tax picture. Household earnings land above many parts of the state but don't reach affluent levels, so the property and sales taxes together take a meaningful share of what residents bring in.