ZIP Code 07201

In ZIP code 07201, near Elizabeth, homes carry a median value of $467,500, and the county-level property tax rate of 1.89% translates into a substantial annual bill for owners. With median household income at $60,080 and per-capita income of $26,596, that tax load can weigh heavily against what families bring in. Sales taxes add 6.62% to everyday purchases, trimming spending power further. The gap between local earnings and home prices shapes who can buy here and what they can sustain afterward.