New Jersey 

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Economy in New Jersey

New Jersey has an unemployment rate of 4.9%. The US average is 5.2%.

New Jersey has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 38.0%.

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

Income and Salaries for New Jersey
- The average income of a New Jersey resident is $36,359 a year. The US average is $28,555 a year.
- The Median household income of a New Jersey resident is $72,062 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYNew Jersey, New JerseyUnited States
  Unemployment Rate4.9%5.2%
  Recent Job Growth1.9%1.6%
  Future Job Growth38.9%38.0%
  Sales Taxes7.0%6.0%
  Income Taxes5.5%4.6%
  Income per Cap.$36,359$28,555
  Household Income$72,062$53,482
  Family Median Income$87,999$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.3%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction5.6%6.2%
  Manufacturing8.4%10.4%
  Wholesale trade3.4%2.7%
  Retail trade11.3%11.6%
  Transportation and warehousing5.0%4.1%
  Utilities00
  Information2.8%2.1%
  Finance and insurance6.6%4.7%
  Real estate, rental, leasing2.0%1.9%
  Professional, scientific, technical services8.7%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs4.2%4.3%
  Educational services9.9%9.3%
  Health care and social assistance13.9%13.8%
  Arts, entertainment, recreation2.3%2.2%
  Accommodation, food services6.1%7.4%
  Other services4.5%4.9%
  Public administration0.042330.04801
ECONOMY MAP
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    Reviews for New Jersey    120 Reviews
    Expensive - 2/14/2016
    Property Taxes are crazy... Read More

    Start Your Review of New Jersey


    Health - 9/12/2015
    I live in Linden. Ilook at Sperling's reviews often. I like Linden.However how can Linden's air quality go from 24 to 92.2 in one year? Did they tear down the refineries... Read More

    Cowboy over a Barrel - 9/8/2015
    Taxes, taxes and more taxes.. They have yet to come up with a tax to breath the filthy air. Property taxes are a rip off! And you can not win with the school mob or... Read More


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    68516, 68104, 68521, 68801, ... 581 more
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