Newark, NJ — income, home value, property tax, and sales tax.
Households in ZIP code 07110, near Newark, bring in a median of $119,646 a year, with per-capita income at $59,335. That earnings level shapes how housing and taxes fit into a local budget. A median home value of $517,500 pairs with a county property tax rate of 1.91%, so owning carries a real annual cost. Sales tax in the area totals 6.62%, which adds to everyday purchases. Higher earnings give households here more flexibility to absorb those costs than many places, though the combination of expensive housing and layered taxes still claims a meaningful share of income.
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