Economy in Madison, New Jersey
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Economy
| Unemployment Rate | 7.20% | 9.10% |
| Recent Job Growth | -0.77% | -0.12% |
| Future Job Growth | 31.26% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $47,862 | $27,067 |
| Household Income | $106,831 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 3.86% | 12.10% |
| Income between 15K and 25K | 5.08% | 10.18% |
| Income between 25K and 35K | 5.69% | 10.56% |
| Income between 35K and 50K | 7.63% | 14.98% |
| Income between 50K and 75K | 12.66% | 19.53% |
| Income between 75K and 100K | 12.01% | 12.52% |
| Income between 100K and 150K | 19.87% | 12.14% |
| Income between 150K and 250K | 12.64% | 3.91% |
| Income between 250K and 500K | 16.42% | 3.34% |
| Income greater than 500K | 4.14% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 21.59% | 13.81% |
| Professional and Related Occupations | 31.21% | 22.68% |
| Service | 12.13% | 14.51% |
| Sales and Office | 26.29% | 25.22% |
| Farming, Fishing, and Forestry | 0.02% | 0.68% |
| Construction, Extraction, and Maintenance | 2.81% | 9.37% |
| Production, Transportation, and Material Moving | 6.24% | 15.86% |
The unemployment rate in Madison, NJ, is 7.20%, with job growth of -0.77%. Future job growth over the next ten years is predicted to be 31.26%.
Madison, NJ Taxes
Madison, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Madison, NJ Income and Salaries
The income per capita is $47,862, which includes all adults and children. The median household income is $106,831.
Madison Economy SperlingViews
Madison NJ: The Borough of Madison is located in Morris County. It is 23 miles by car, west of New York City and sits on the Mid-Town Direct rail line. Madison is well know for its... (read more)Have an opinion about Madison? Leave a commentTo See All SperlingViews for Madison Click Here
