Elizabeth, NJ — income, home value, property tax, and sales tax.
In ZIP code 07204, near Elizabeth, households earn a median of $109,679, while per-capita income stands at $51,791. Homes here carry a median value of $443,200, and the county-level effective property tax rate of 1.89% means annual property taxes on such a home would run roughly $8,376. Sales taxes add 6.62% to most purchases. Together, these figures sketch a community where incomes are solidly above average, but housing costs and property taxes claim a meaningful share of earnings, and everyday spending carries a sales tax load that households should factor into their overall cost of living.
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