Newark, NJ — income, home value, property tax, and sales tax.
ZIP code 07079, near Newark, ranks among New Jersey's more affluent communities, with a median household income of $195,417 and per-capita income of $84,795. Homes here carry a median value of $866,600, and the county-level effective property tax rate of 1.91% means owners face a substantial annual bill on that value. Sales tax in the area totals 6.62% on purchases. Together, these figures describe a high-earning, high-cost corner of the state where property taxes weigh heavily on homeowners despite strong incomes.
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