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Economy in Lower Township, New Jersey

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Economy
EconomyLower Township, NJUnited States
Unemployment Rate15.90%9.10%
Recent Job Growth1.92%-0.12%
Future Job Growth27.94%31.25%
Sales Taxes7.00%6.80%
Income Taxes8.97%6.25%
Income per Cap.$27,360$27,067
Household Income$53,932$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K8.11%12.10%
Income between 15K and 25K10.93%10.18%
Income between 25K and 35K10.67%10.56%
Income between 35K and 50K17.00%14.98%
Income between 50K and 75K21.73%19.53%
Income between 75K and 100K13.97%12.52%
Income between 100K and 150K11.95%12.14%
Income between 150K and 250K3.48%3.91%
Income between 250K and 500K1.86%3.34%
Income greater than 500K0.31%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations9.56%13.81%
Professional and Related Occupations16.52%22.68%
Service19.70%14.51%
Sales and Office21.32%25.22%
Farming, Fishing, and Forestry3.17%0.68%
Construction, Extraction, and Maintenance16.82%9.37%
Production, Transportation, and Material Moving16.26%15.86%
Median Household Income

The unemployment rate in Lower Township, NJ, is 15.90%, with job growth of 1.92%. Future job growth over the next ten years is predicted to be 27.94%.

Lower Township, NJ Taxes

Lower Township, NJ,sales tax rate is 7.00%. Income tax is 8.97%.

Lower Township, NJ Income and Salaries

The income per capita is $27,360, which includes all adults and children. The median household income is $53,932.


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