Elizabeth, NJ — income, home value, property tax, and sales tax.
Households in ZIP code 07092, near Elizabeth, report a median income of $211,538, with per-capita income at $84,985. Median home values sit at $810,300, and the county-level effective property tax rate of 1.89% applies to that assessment. Sales tax combines to 6.62% on purchases. Together, these figures sketch a high-earning area where property taxes on a median home run into five figures annually, while everyday spending carries a sales tax above six percent. Income levels here are strong enough that both taxes can be absorbed, though housing costs and the property levy remain the dominant expenses.
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