ZIP Code 07054

In ZIP code 07054, near Boonton, households earn a median of $104,214, with per-capita income at $59,281. That earnings base supports a median home value of $587,000, and the county-level effective property tax rate of 1.72% translates into a substantial annual bill on a home at that price. A combined sales tax rate of 6.62% applies to purchases in the area. Together these figures sketch a budget where housing costs and property taxes claim a meaningful share of income, while everyday spending carries a moderate sales tax load.