Newark, NJ — income, home value, property tax, and sales tax.
Households in ZIP code 07052, near Newark, report a median income of $129,475, with per-capita income at $63,220. A median home value of $556,800 pairs with a 1.91% effective property tax rate at the county level, which works out to a substantial annual bill on a home at that price. Sales tax in the area totals 6.62%, applied to everyday purchases. Together, these figures sketch a cost picture shaped by strong earnings, high housing values, and two separate tax streams pulling from the same budget.
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