ZIP Code 07050

In ZIP code 07050, near Newark, households bring in a median of $52,563 a year, with per-capita income at $28,222. A median home value of $364,500 paired with the county's 1.91% effective property tax rate means annual property taxes run roughly $6,962 — a substantial slice of a household's earnings. Sales taxes add 6.62% to purchases, further trimming what's left to spend or save. Together these figures show how housing costs and consumption taxes shape daily finances here, with property taxes alone consuming a meaningful share of income before other essentials are covered.