Economy in Cedar Grove, New Jersey
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Economy
| Unemployment Rate | 10.90% | 9.10% |
| Recent Job Growth | -0.52% | -0.12% |
| Future Job Growth | 28.06% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $48,395 | $27,067 |
| Household Income | $102,565 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 3.36% | 12.10% |
| Income between 15K and 25K | 4.44% | 10.18% |
| Income between 25K and 35K | 4.86% | 10.56% |
| Income between 35K and 50K | 8.42% | 14.98% |
| Income between 50K and 75K | 13.23% | 19.53% |
| Income between 75K and 100K | 14.55% | 12.52% |
| Income between 100K and 150K | 22.02% | 12.14% |
| Income between 150K and 250K | 14.24% | 3.91% |
| Income between 250K and 500K | 11.98% | 3.34% |
| Income greater than 500K | 2.92% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 20.49% | 13.81% |
| Professional and Related Occupations | 28.39% | 22.68% |
| Service | 8.59% | 14.51% |
| Sales and Office | 24.94% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 4.00% | 9.37% |
| Production, Transportation, and Material Moving | 5.30% | 15.86% |
The unemployment rate in Cedar Grove, NJ, is 10.90%, with job growth of -0.52%. Future job growth over the next ten years is predicted to be 28.06%.
Cedar Grove, NJ Taxes
Cedar Grove, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Cedar Grove, NJ Income and Salaries
The income per capita is $48,395, which includes all adults and children. The median household income is $102,565.
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