Economy in Morris Plains, 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. | $52,468 | $27,067 |
| Household Income | $112,523 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 2.35% | 12.10% |
| Income between 15K and 25K | 2.64% | 10.18% |
| Income between 25K and 35K | 3.81% | 10.56% |
| Income between 35K and 50K | 6.50% | 14.98% |
| Income between 50K and 75K | 14.27% | 19.53% |
| Income between 75K and 100K | 13.65% | 12.52% |
| Income between 100K and 150K | 24.20% | 12.14% |
| Income between 150K and 250K | 15.49% | 3.91% |
| Income between 250K and 500K | 14.78% | 3.34% |
| Income greater than 500K | 2.31% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 24.19% | 13.81% |
| Professional and Related Occupations | 31.86% | 22.68% |
| Service | 10.76% | 14.51% |
| Sales and Office | 23.57% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 5.38% | 9.37% |
| Production, Transportation, and Material Moving | 4.62% | 15.86% |
The unemployment rate in Morris Plains, NJ, is 7.20%, with job growth of -0.77%. Future job growth over the next ten years is predicted to be 31.26%.
Morris Plains, NJ Taxes
Morris Plains, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Morris Plains, NJ Income and Salaries
The income per capita is $52,468, which includes all adults and children. The median household income is $112,523.
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