Boonton, NJ — income, home value, property tax, and sales tax.
Households in ZIP code 07850, centered on Boonton, report a median income of $106,806, while per-capita income sits at $54,981. A median home value of $417,900 paired with the county's 1.72% effective property tax rate means annual property taxes run near $7,188, a meaningful line item against that household earnings figure. Sales tax in the area totals 6.62%, adding a bit more to everyday purchases. Together these costs shape how far a paycheck stretches here, with housing and property taxes claiming the largest share of most budgets.
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