ZIP Code 07104

In ZIP code 07104, part of Newark, households earn a median of $53,978, while per-capita income comes to $28,891. A median home value of $388,800 carries an effective property tax rate of 1.91%, applied at the county level, which works out to a meaningful annual bill on top of a mortgage. Sales taxes add 6.62% to most purchases. Together, these figures sketch a local economy where housing costs stand well above what area incomes might comfortably support, and both property and sales taxes take a further bite out of what households bring in.