New Providence, New Jersey 

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Economy in New Providence, New Jersey

New Providence has an unemployment rate of 5.2%. The US average is 5.2%.

New Providence has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is lower than the US average of 38.0%.

Tax Rates for New Providence
- The Sales Tax Rate for New Providence is 7.0%. The US average is 6.0%.
- The Income Tax Rate for New Providence is 5.5%. The US average is 4.6%.

Income and Salaries for New Providence
- The average income of a New Providence resident is $60,437 a year. The US average is $28,555 a year.
- The Median household income of a New Providence resident is $139,071 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYNew Providence, New JerseyUnited States
  Unemployment Rate5.2%5.2%
  Recent Job Growth1.3%1.6%
  Future Job Growth37.4%38.0%
  Sales Taxes7.0%6.0%
  Income Taxes0.05530.046
  Income per Cap.$60,437$28,555
  Household Income$139,071$53,482
  Family Median Income$163,344$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.0%1.3%
  Mining, quarrying, oil and gas extraction0.2%0.6%
  Construction4.1%6.2%
  Manufacturing8.3%10.4%
  Wholesale trade3.9%2.7%
  Retail trade8.8%11.6%
  Transportation and warehousing2.6%4.1%
  Utilities00
  Information6.1%2.1%
  Finance and insurance13.6%4.7%
  Real estate, rental, leasing1.5%1.9%
  Professional, scientific, technical services18.4%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs1.3%4.3%
  Educational services11.4%9.3%
  Health care and social assistance9.4%13.8%
  Arts, entertainment, recreation2.6%2.2%
  Accommodation, food services2.8%7.4%
  Other services2.2%4.9%
  Public administration2.1%4.8%
ECONOMY MAP
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    Reviews for New Providence    3 Reviews
    Property Taxes In New Jersey - 11/13/2009
    Highest in the nation. Escape if you... Read More

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    New Providence - 7/15/2009
    New Providence, once an adorable, comfortable, quiet town is turning for the... Read More

    Nice Place to Live - 5/1/2008
    We moved to New Providence last summer and it is one of the nicest places I have lived. Quiet, safe with great schools and great surrounding towns. It borders Chatham... Read More


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