Economy in Morristown, 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. | $37,856 | $27,067 |
| Household Income | $73,811 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.50% | 12.10% |
| Income between 15K and 25K | 5.77% | 10.18% |
| Income between 25K and 35K | 7.56% | 10.56% |
| Income between 35K and 50K | 11.20% | 14.98% |
| Income between 50K and 75K | 16.65% | 19.53% |
| Income between 75K and 100K | 13.90% | 12.52% |
| Income between 100K and 150K | 18.72% | 12.14% |
| Income between 150K and 250K | 7.85% | 3.91% |
| Income between 250K and 500K | 7.53% | 3.34% |
| Income greater than 500K | 1.33% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 18.32% | 13.81% |
| Professional and Related Occupations | 21.98% | 22.68% |
| Service | 25.98% | 14.51% |
| Sales and Office | 18.97% | 25.22% |
| Farming, Fishing, and Forestry | 0.12% | 0.68% |
| Construction, Extraction, and Maintenance | 6.62% | 9.37% |
| Production, Transportation, and Material Moving | 8.59% | 15.86% |
The unemployment rate in Morristown, NJ, is 7.20%, with job growth of -0.77%. Future job growth over the next ten years is predicted to be 31.26%.
Morristown, NJ Taxes
Morristown, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Morristown, NJ Income and Salaries
The income per capita is $37,856, which includes all adults and children. The median household income is $73,811.
Morristown Economy SperlingViews
Morristown Growth: Morristown has a great variety of opportunities in many ways. A close 50 minute commute to Manhattan, it is very metropolitan while also has the best of suburban and... (read more)Have an opinion about Morristown? Leave a commentTo See All SperlingViews for Morristown Click Here
