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Economy in Ocean Township (Monmouth county), New Jersey

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyOcean Township (Monmouth county), NJUnited States
Unemployment Rate8.60%9.10%
Recent Job Growth-0.72%-0.12%
Future Job Growth29.96%31.25%
Sales Taxes7.00%6.80%
Income Taxes8.97%6.25%
Income per Cap.$38,660$27,067
Household Income$78,547$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K5.13%12.10%
Income between 15K and 25K6.46%10.18%
Income between 25K and 35K7.66%10.56%
Income between 35K and 50K12.31%14.98%
Income between 50K and 75K16.26%19.53%
Income between 75K and 100K14.97%12.52%
Income between 100K and 150K19.41%12.14%
Income between 150K and 250K9.00%3.91%
Income between 250K and 500K7.56%3.34%
Income greater than 500K1.23%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations14.45%13.81%
Professional and Related Occupations27.15%22.68%
Service13.33%14.51%
Sales and Office28.47%25.22%
Farming, Fishing, and Forestry0.10%0.68%
Construction, Extraction, and Maintenance6.56%9.37%
Production, Transportation, and Material Moving8.04%15.86%
Median Household Income

The unemployment rate in Ocean Township (Monmouth county), NJ, is 8.60%, with job growth of -0.72%. Future job growth over the next ten years is predicted to be 29.96%.

Ocean Township (Monmouth county), NJ Taxes

Ocean Township (Monmouth county), NJ,sales tax rate is 7.00%. Income tax is 8.97%.

Ocean Township (Monmouth county), NJ Income and Salaries

The income per capita is $38,660, which includes all adults and children. The median household income is $78,547.


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