Economy in Newark, New Jersey
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Economy
| Unemployment Rate | 15.20% | 9.10% |
| Recent Job Growth | -0.34% | -0.12% |
| Future Job Growth | 24.12% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $16,352 | $27,067 |
| Household Income | $34,403 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 26.52% | 12.10% |
| Income between 15K and 25K | 13.12% | 10.18% |
| Income between 25K and 35K | 11.17% | 10.56% |
| Income between 35K and 50K | 13.98% | 14.98% |
| Income between 50K and 75K | 15.47% | 19.53% |
| Income between 75K and 100K | 9.04% | 12.52% |
| Income between 100K and 150K | 7.57% | 12.14% |
| Income between 150K and 250K | 1.70% | 3.91% |
| Income between 250K and 500K | 1.24% | 3.34% |
| Income greater than 500K | 0.17% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 5.95% | 13.81% |
| Professional and Related Occupations | 15.06% | 22.68% |
| Service | 18.09% | 14.51% |
| Sales and Office | 21.64% | 25.22% |
| Farming, Fishing, and Forestry | 0.12% | 0.68% |
| Construction, Extraction, and Maintenance | 10.92% | 9.37% |
| Production, Transportation, and Material Moving | 19.29% | 15.86% |
The unemployment rate in Newark, NJ, is 15.20%, with job growth of -0.34%. Future job growth over the next ten years is predicted to be 24.12%.
Newark, NJ Taxes
Newark, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Newark, NJ Income and Salaries
The income per capita is $16,352, which includes all adults and children. The median household income is $34,403.
Newark Economy SperlingViews
The Ironbound of Newark: While Newark has it problems, the Ironbound section in which I live is the most stable and developed area of Newark. It is known for its restaurants, it has night spots... (read more)Dangerous?: I'm from Georgia, my husband grew up in Newark. We visit there often to see his daughter, cousins, uncles, ect. I like it there, I've never been mugged or shot at,... (read more)Newark/ Brick City- A diamond in the rough: I lived in Newark for a short time in the Ironbound and now I live nearby. I had a great time there-some of the happiest, most fun-loving people. The neighborhood has... (read more)Have an opinion about Newark? Leave a commentTo See All SperlingViews for Newark Click Here
