ZIP Code 07931

ZIP code 07931, near Boonton, ranks among New Jersey's more affluent areas, with a median household income of $201,078 and per-capita income of $132,464. Homes here carry a median value of $1,165,700, and the county-level effective property tax rate of 1.81% means owners face a substantial annual bill tied to those high valuations. Combined with a 6.62% sales tax, the overall tax load is considerable, though incomes at this level can absorb it more easily than in less wealthy communities. This is a high-cost, high-income pocket where property taxes in particular weigh heavily on ownership.