ZIP Code 07114 — Newark, NJ
IRS Income Data, Tax Year 2022
About Newark, NJ
Urban employment opportunities and wage growth center with finance and healthcare sectors. Healthcare employment opportunities and wage growth through Newark Beth Israel. High state and local income taxes constrain wealth across neighborhoods.
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 07114.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 1,890 | $22,134,000 | $11,711 | 45.9% |
| $25,000 - $50,000 | 1,250 | $44,849,000 | $35,879 | 30.3% |
| $50,000 - $75,000 | 540 | $33,230,000 | $61,537 | 13.1% |
| $75,000 - $100,000 | 210 | $18,448,000 | $87,847 | 5.1% |
| $100,000 - $200,000 | 200 | $26,552,000 | $132,760 | 4.9% |
| $200,000 or more | 30 | $10,875,000 | $362,500 | 0.7% |
| Total | 4,120 | $156,088,000 | $37,885 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Elizabeth, NJ | 3 mi | $44,607 | 66,050 |
| Jersey City, NJ | 6 mi | $104,675 | 142,960 |
| Staten Island, NY | 8 mi | $83,260 | 231,300 |
| New York, NY | 11 mi | $252,618 | 788,950 |
| Brooklyn, NY | 12 mi | $84,022 | 1,200,630 |
| Astoria, NY | 14 mi | $91,643 | 108,220 |
Similar ZIP Codes in New Jersey
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 07514 | Paterson | $37,976 | #27,017 |
| 07206 | Elizabeth | $37,784 | #27,040 |
| 07503 | Paterson | $38,329 | #26,979 |
| 08232 | Pleasantville | $37,089 | #27,111 |
| 08401 | Atlantic City | $38,722 | #26,928 |
| 07107 | Newark | $36,687 | #27,153 |
| 07108 | Newark | $36,116 | #27,194 |
| 08103 | Camden | $35,442 | #27,253 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 07105 | Newark, NJ | 1.7 mi | $43,409 | #26,210 |
| 07108 | Newark, NJ | 2.0 mi | $36,116 | #27,194 |
| 07102 | Newark, NJ | 2.1 mi | $82,309 | #8,095 |
| 07112 | Newark, NJ | 2.2 mi | $41,800 | #26,483 |
| 07201 | Elizabeth, NJ | 2.4 mi | $40,903 | #26,650 |
| 07103 | Newark, NJ | 2.7 mi | $40,427 | #26,723 |
| 07029 | Kearny, NJ | 2.9 mi | $69,825 | #13,078 |
| 07205 | Hillside, NJ | 3.3 mi | $67,673 | #14,166 |
About This Data
Income data is based on IRS Statistics of Income (SOI) ZIP code data for Tax Year 2022. AGI (Adjusted Gross Income) represents gross income minus certain deductions. Rankings are calculated across 545 ZIP codes in New Jersey and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.