Economy in Newark, Illinois
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Economy
| Unemployment Rate | 8.50% | 9.10% |
| Recent Job Growth | -1.55% | -0.12% |
| Future Job Growth | 28.40% | 31.25% |
| Sales Taxes | 7.25% | 6.80% |
| Income Taxes | 3.00% | 6.25% |
| Income per Cap. | $29,208 | $27,067 |
| Household Income | $71,766 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 4.57% | 12.10% |
| Income between 15K and 25K | 3.20% | 10.18% |
| Income between 25K and 35K | 5.48% | 10.56% |
| Income between 35K and 50K | 11.64% | 14.98% |
| Income between 50K and 75K | 29.22% | 19.53% |
| Income between 75K and 100K | 21.00% | 12.52% |
| Income between 100K and 150K | 19.40% | 12.14% |
| Income between 150K and 250K | 4.11% | 3.91% |
| Income between 250K and 500K | 1.14% | 3.34% |
| Income greater than 500K | 0.23% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 11.66% | 13.81% |
| Professional and Related Occupations | 16.22% | 22.68% |
| Service | 20.20% | 14.51% |
| Sales and Office | 22.48% | 25.22% |
| Farming, Fishing, and Forestry | 0.14% | 0.68% |
| Construction, Extraction, and Maintenance | 11.52% | 9.37% |
| Production, Transportation, and Material Moving | 16.93% | 15.86% |
The unemployment rate in Newark, IL, is 8.50%, with job growth of -1.55%. Future job growth over the next ten years is predicted to be 28.40%.
Newark, IL Taxes
Newark, IL,sales tax rate is 7.25%. Income tax is 3.00%.
Newark, IL Income and Salaries
The income per capita is $29,208, which includes all adults and children. The median household income is $71,766.
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