Union County, NJ Economy


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United States / New Jersey / / Union County / Cities / Zip Codes
Union, NJ County is a great place to live. It is home to many well-known companies such as Bed Bath & Beyond, Barnes & Noble, Panera Bread, Whole Foods Market, and Staples. These businesses offer a variety of goods and services to the local community. The cost of living in Union is slightly higher than the US average due to higher rents and grocery costs; however, these costs are offset by the availability of quality jobs and amenities. Despite its higher cost of living, Union remains an attractive place for new residents because of its excellent education system and access to transportation options like trains and buses. With its thriving economy, Union is an ideal spot for families looking for a safe environment with plenty of opportunities.

Union County has an unemployment rate of 8.0%. The US average is 6.0%.

Union County has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.

Tax Rates for Union County
- The Sales Tax Rate for Union County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Union County is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Union County
- The average income of a Union County resident is $35,411 a year. The US average is $28,555 a year.
- The Median household income of a Union County resident is $87,369 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUnion, New JerseyUnited States
  86
  -7.3%-6.2%
  22.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $45,178$37,638
  $87,369$69,021
  $106,150$85,028
  Population by Occupation
  0.2%1.2%
  0.1%0.5%
  6.2%6.8%
  9.0%10.0%
  3.4%2.5%
  9.9%11.0%
  9.3%4.8%
  0.8%0.8%
  2.3%1.9%
  6.6%4.7%
  1.8%1.9%
  8.2%7.6%
  0.2%0.1%
  4.5%4.2%
  9.7%9.3%
  12.3%14.0%
  1.8%2.1%
  4.9%7.0%
  4.9%4.8%
  4.0%4.7%
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