Economy in Somerville, New Jersey
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Economy
| Unemployment Rate | 7.00% | 9.10% |
| Recent Job Growth | -0.86% | -0.12% |
| Future Job Growth | 31.28% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.97% | 6.25% |
| Income per Cap. | $29,841 | $27,067 |
| Household Income | $67,052 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.12% | 12.10% |
| Income between 15K and 25K | 9.33% | 10.18% |
| Income between 25K and 35K | 7.23% | 10.56% |
| Income between 35K and 50K | 10.17% | 14.98% |
| Income between 50K and 75K | 20.86% | 19.53% |
| Income between 75K and 100K | 16.68% | 12.52% |
| Income between 100K and 150K | 18.01% | 12.14% |
| Income between 150K and 250K | 5.40% | 3.91% |
| Income between 250K and 500K | 2.82% | 3.34% |
| Income greater than 500K | 0.40% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.30% | 13.81% |
| Professional and Related Occupations | 26.45% | 22.68% |
| Service | 16.69% | 14.51% |
| Sales and Office | 25.65% | 25.22% |
| Farming, Fishing, and Forestry | 0.02% | 0.68% |
| Construction, Extraction, and Maintenance | 9.50% | 9.37% |
| Production, Transportation, and Material Moving | 12.80% | 15.86% |
The unemployment rate in Somerville, NJ, is 7.00%, with job growth of -0.86%. Future job growth over the next ten years is predicted to be 31.28%.
Somerville, NJ Taxes
Somerville, NJ,sales tax rate is 7.00%. Income tax is 8.97%.
Somerville, NJ Income and Salaries
The income per capita is $29,841, which includes all adults and children. The median household income is $67,052.
Somerville Economy SperlingViews
Bedminster, NJ Really: Nice community with the shore an hour away as well as NYC. Good schools. Noted for equestrian events. Jackie O lived not to far from here.
Prices of homes have gone... (read more)Fantastic place to live and raise a family!: I love living in Somerville, which offers the charm of a small town and all of the conveniences of a larger city. Its charming Victorial architecture and a lively Main... (read more)Cost of Living: The cost of living in Somerville is out of control. Sadly, you don't get much in return for the extremely high taxes you pay. There's an accident waiting to happen on... (read more)Have an opinion about Somerville? Leave a commentTo See All SperlingViews for Somerville Click Here
