Economy in New Milford, New Jersey
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Economy
| Unemployment Rate | 7.90% | 9.10% |
| Recent Job Growth | -0.26% | -0.12% |
| Future Job Growth | 31.58% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $40,186 | $27,067 |
| Household Income | $79,246 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 5.68% | 12.10% |
| Income between 15K and 25K | 5.59% | 10.18% |
| Income between 25K and 35K | 5.88% | 10.56% |
| Income between 35K and 50K | 10.31% | 14.98% |
| Income between 50K and 75K | 20.30% | 19.53% |
| Income between 75K and 100K | 13.44% | 12.52% |
| Income between 100K and 150K | 20.64% | 12.14% |
| Income between 150K and 250K | 9.66% | 3.91% |
| Income between 250K and 500K | 7.40% | 3.34% |
| Income greater than 500K | 1.10% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 14.64% | 13.81% |
| Professional and Related Occupations | 29.10% | 22.68% |
| Service | 8.76% | 14.51% |
| Sales and Office | 30.73% | 25.22% |
| Farming, Fishing, and Forestry | 0.01% | 0.68% |
| Construction, Extraction, and Maintenance | 6.71% | 9.37% |
| Production, Transportation, and Material Moving | 8.48% | 15.86% |
The unemployment rate in New Milford, NJ, is 7.90%, with job growth of -0.26%. Future job growth over the next ten years is predicted to be 31.58%.
New Milford, NJ Taxes
New Milford, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
New Milford, NJ Income and Salaries
The income per capita is $40,186, which includes all adults and children. The median household income is $79,246.
New Milford Economy SperlingViews
town: Diverse, quiet town, but expensive to live, as Bergen County or NJ for that matter... (read more)Have an opinion about New Milford? Leave a commentTo See All SperlingViews for New Milford Click Here
