Economy in Andover Township, New Jersey
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Economy
| Unemployment Rate | 9.90% | 9.10% |
| Recent Job Growth | -0.62% | -0.12% |
| Future Job Growth | 28.86% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $40,214 | $27,067 |
| Household Income | $99,588 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 2.65% | 12.10% |
| Income between 15K and 25K | 2.75% | 10.18% |
| Income between 25K and 35K | 4.21% | 10.56% |
| Income between 35K and 50K | 8.81% | 14.98% |
| Income between 50K and 75K | 15.25% | 19.53% |
| Income between 75K and 100K | 16.76% | 12.52% |
| Income between 100K and 150K | 27.32% | 12.14% |
| Income between 150K and 250K | 9.94% | 3.91% |
| Income between 250K and 500K | 10.56% | 3.34% |
| Income greater than 500K | 1.75% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 18.54% | 13.81% |
| Professional and Related Occupations | 27.43% | 22.68% |
| Service | 11.63% | 14.51% |
| Sales and Office | 24.66% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 7.73% | 9.37% |
| Production, Transportation, and Material Moving | 10.81% | 15.86% |
The unemployment rate in Andover Township, NJ, is 9.90%, with job growth of -0.62%. Future job growth over the next ten years is predicted to be 28.86%.
Andover Township, NJ Taxes
Andover Township, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Andover Township, NJ Income and Salaries
The income per capita is $40,214, which includes all adults and children. The median household income is $99,588.
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