Elizabeth, NJ — income, home value, property tax, and sales tax.
In ZIP 07208, near Elizabeth, households earn a median of $65,511, or $33,812 per person. A median home is valued at $459,200, and the county-level property tax rate of 1.89% translates into a substantial annual bill on that amount. Sales tax adds 6.62% to most purchases. Together, these figures sketch a cost picture where housing values run high against local earnings, and the property levy on a median-priced home claims a notable share of income. Day-to-day expenses carry the added sales tax, so both owning a home and routine spending weigh on the same household budget.
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