Newark, NJ — income, home value, property tax, and sales tax.
In ZIP code 07114, near Newark, households bring in a median of $36,019, while per-capita income sits at $19,469 — a gap that leaves little slack once essentials are covered. Buying a home here means a median value of $373,200, and the county's 1.91% effective property tax rate adds roughly $7,100 a year to that cost, a heavy lift on this income. Everyday purchases carry a 6.62% combined sales tax. Together these figures sketch a tight budget where housing and taxes claim a large share of what comes in.
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