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Economy in Paramus, New Jersey

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyParamus, NJUnited States
Unemployment Rate7.30%9.10%
Recent Job Growth-0.78%-0.12%
Future Job Growth31.14%31.25%
Sales Taxes7.00%6.80%
Income Taxes8.97%6.25%
Income per Cap.$38,695$27,067
Household Income$96,544$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K3.21%12.10%
Income between 15K and 25K4.81%10.18%
Income between 25K and 35K5.50%10.56%
Income between 35K and 50K8.77%14.98%
Income between 50K and 75K14.78%19.53%
Income between 75K and 100K15.23%12.52%
Income between 100K and 150K24.09%12.14%
Income between 150K and 250K12.06%3.91%
Income between 250K and 500K9.57%3.34%
Income greater than 500K1.98%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations17.10%13.81%
Professional and Related Occupations27.35%22.68%
Service8.76%14.51%
Sales and Office30.50%25.22%
Farming, Fishing, and Forestry0.02%0.68%
Construction, Extraction, and Maintenance5.82%9.37%
Production, Transportation, and Material Moving7.82%15.86%
Median Household Income

The unemployment rate in Paramus, NJ, is 7.30%, with job growth of -0.78%. Future job growth over the next ten years is predicted to be 31.14%.

Paramus, NJ Taxes

Paramus, NJ,sales tax rate is 7.00%. Income tax is 8.97%.

Paramus, NJ Income and Salaries

The income per capita is $38,695, which includes all adults and children. The median household income is $96,544.


Paramus Economy SperlingViews

Paramus School System : My siblings and I are products of the Paramus Public School system and I am an attorney, my sister is a doctor and my brother is finishing his MBA. Many of my high... (read more)Quality of Life: I have lived here most of my life and it is a fabulous place to live. Community oriented - great schools and great... (read more)Have an opinion about Paramus? Leave a commentTo See All SperlingViews for Paramus Click Here