Economy in Farmingdale, New Jersey
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Economy
| Unemployment Rate | 8.60% | 9.10% |
| Recent Job Growth | -0.72% | -0.12% |
| Future Job Growth | 29.96% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $26,297 | $27,067 |
| Household Income | $57,192 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 6.47% | 12.10% |
| Income between 15K and 25K | 6.47% | 10.18% |
| Income between 25K and 35K | 11.49% | 10.56% |
| Income between 35K and 50K | 18.45% | 14.98% |
| Income between 50K and 75K | 24.43% | 19.53% |
| Income between 75K and 100K | 17.64% | 12.52% |
| Income between 100K and 150K | 11.65% | 12.14% |
| Income between 150K and 250K | 2.27% | 3.91% |
| Income between 250K and 500K | 0.97% | 3.34% |
| Income greater than 500K | 0.16% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 11.17% | 13.81% |
| Professional and Related Occupations | 21.78% | 22.68% |
| Service | 16.08% | 14.51% |
| Sales and Office | 24.74% | 25.22% |
| Farming, Fishing, and Forestry | 0.11% | 0.68% |
| Construction, Extraction, and Maintenance | 15.05% | 9.37% |
| Production, Transportation, and Material Moving | 12.77% | 15.86% |
The unemployment rate in Farmingdale, NJ, is 8.60%, with job growth of -0.72%. Future job growth over the next ten years is predicted to be 29.96%.
Farmingdale, NJ Taxes
Farmingdale, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Farmingdale, NJ Income and Salaries
The income per capita is $26,297, which includes all adults and children. The median household income is $57,192.
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