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Economy in Budd Lake, New Jersey

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyBudd Lake, NJUnited States
Unemployment Rate7.20%9.10%
Recent Job Growth-0.77%-0.12%
Future Job Growth31.26%31.25%
Sales Taxes7.00%6.80%
Income Taxes8.97%6.25%
Income per Cap.$33,414$27,067
Household Income$78,825$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K4.06%12.10%
Income between 15K and 25K3.00%10.18%
Income between 25K and 35K5.41%10.56%
Income between 35K and 50K11.73%14.98%
Income between 50K and 75K22.45%19.53%
Income between 75K and 100K21.33%12.52%
Income between 100K and 150K20.65%12.14%
Income between 150K and 250K6.41%3.91%
Income between 250K and 500K4.61%3.34%
Income greater than 500K0.35%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations16.25%13.81%
Professional and Related Occupations27.40%22.68%
Service12.34%14.51%
Sales and Office23.73%25.22%
Farming, Fishing, and Forestry0.02%0.68%
Construction, Extraction, and Maintenance7.97%9.37%
Production, Transportation, and Material Moving15.63%15.86%
Median Household Income

The unemployment rate in Budd Lake, NJ, is 7.20%, with job growth of -0.77%. Future job growth over the next ten years is predicted to be 31.26%.

Budd Lake, NJ Taxes

Budd Lake, NJ,sales tax rate is 7.00%. Income tax is 8.97%.

Budd Lake, NJ Income and Salaries

The income per capita is $33,414, which includes all adults and children. The median household income is $78,825.


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