Cost of Living in ZIP 07102
Newark, NJ — Essex County
ZIP code 07102 has a cost of living index of 122 (100 = national average), making it significantly more expensive than the national average. Part of the New York MSA.
Cost of Living Index
122
vs. National Avg
+22
Median Income
$38,000
Median Home Price
$345,000
Property Tax Rate
2.47%
Population
311,549
County
Essex County
Metro Area
New York MSA
About ZIP 07102
ZIP code 07102 is located in Newark, NJ (Essex County). With a cost of living index of 122, this is one of the more expensive areas in the country. Housing is typically the largest factor, with median home prices at $345,000.
The median household income in this ZIP code is $38,000. This is below the national median, so cost of living relative to income is an important factor.
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