ZIP Code 07103

ZIP code 07103, in Newark, sits in working-class territory. A median household income of $51,534 and per-capita income of $25,207 fall well below statewide norms, while the median home value of $318,800 is high enough that property taxes matter. At the county's 1.91% effective rate, a home at that value carries roughly $6,000 in annual property tax, a real weight against local earnings. Add a 6.62% combined sales tax on purchases, and the overall tax load takes a meaningful share of household budgets in this Newark ZIP.