ZIP Code 07843

ZIP code 07843, centered on Franklin, sits in affluent territory: a median household income of $108,651 and per-capita income of $53,143 place it well above national norms. Homes carry a median value of $340,000, and the county-level effective property tax rate of 2.32% translates into a substantial annual bill on that value. Add a combined sales tax of 6.62%, and the overall tax load is meaningful, though incomes here are high enough to absorb it. This is a well-off community where housing costs and taxes both run high, supported by earnings that comfortably exceed average levels.