Newark, NJ — income, home value, property tax, and sales tax.
ZIP code 07111, in the Newark area, sits in working- to middle-income territory. Households here earn a median of $61,609, with per-capita income at $31,171. Homes carry a median value of $335,600, and the county-level property tax rate of 1.91% means owners pay a meaningful share of that value each year in taxes. Add a combined sales tax of 6.62% on purchases, and the overall tax load takes a noticeable bite out of local paychecks. This is a community where incomes trail the state's higher-earning suburbs, yet property values still generate substantial annual tax bills.
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