ZIP Code 07974

Households in ZIP code 07974, near Elizabeth, bring in a median of $172,894 a year, with per-capita income at $86,182. That earnings level shapes how housing and taxes land on a budget. A median home value of $758,400 pairs with a county effective property tax rate of 1.89%, so property taxes take a meaningful bite each year. Day-to-day purchases carry a combined sales tax of 6.62%. Together, these figures show a high-income area where housing costs and taxes still draw heavily on what households earn.