ZIP Code 07108

In ZIP code 07108, part of Newark, households earn a median of $36,200, while per-capita income reaches $24,264. That income sits far below the area's median home value of $399,400, so buying here demands a steep stretch relative to local earnings. Essex County's 1.91% effective property tax rate compounds the squeeze, adding thousands in annual levies on a home at that price. Sales tax runs 6.62% on purchases, trimming spending power further. Together, these figures describe a place where everyday costs press hard against what most households bring in.