Franklin, NJ — income, home value, property tax, and sales tax.
Homes in ZIP code 07419, near Franklin, carry a median value of $330,300, supported by a median household income of $100,713 and per-capita income of $56,125. That earnings level places the area squarely in middle-income territory rather than among New Jersey's wealthiest enclaves. Property taxes take a noticeable bite: the county-level effective rate of 2.32% means an owner of a median-valued home would owe roughly $7,660 annually, a substantial carrying cost. Sales tax adds 6.62% to most purchases. Together these figures describe a community where solid incomes meet a fairly heavy tax load.
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