Economy in Norwood, 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. | $51,570 | $27,067 |
| Household Income | $120,241 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 4.22% | 12.10% |
| Income between 15K and 25K | 2.28% | 10.18% |
| Income between 25K and 35K | 4.81% | 10.56% |
| Income between 35K and 50K | 6.45% | 14.98% |
| Income between 50K and 75K | 12.70% | 19.53% |
| Income between 75K and 100K | 11.32% | 12.52% |
| Income between 100K and 150K | 21.94% | 12.14% |
| Income between 150K and 250K | 14.59% | 3.91% |
| Income between 250K and 500K | 15.29% | 3.34% |
| Income greater than 500K | 6.40% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 27.28% | 13.81% |
| Professional and Related Occupations | 22.11% | 22.68% |
| Service | 11.78% | 14.51% |
| Sales and Office | 24.45% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 6.05% | 9.37% |
| Production, Transportation, and Material Moving | 4.97% | 15.86% |
The unemployment rate in Norwood, NJ, is 7.90%, with job growth of -0.26%. Future job growth over the next ten years is predicted to be 31.58%.
Norwood, NJ Taxes
Norwood, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Norwood, NJ Income and Salaries
The income per capita is $51,570, which includes all adults and children. The median household income is $120,241.
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