New Jersey 

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Economy in New Jersey

New Jersey has an unemployment rate of 3.5%. The US average is 3.7%.

New Jersey has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.

Tax Rates for New Jersey
- The Sales Tax Rate for New Jersey is 6.6%. The US average is 7.3%.
- The Income Tax Rate for New Jersey 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 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

  ECONOMYNew Jersey, New JerseyUnited States
  3.5%3.7%
  -0.2%1.6%
  25.0%33.5%
  6.6%6.2%
  5.5%4.6%
  $39,069$31,177
  $76,475$57,652
  $94,337$70,850
  POPULATION BY OCCUPATION
  0.3%1.3%
  0.0%0.6%
  5.6%6.2%
  8.4%10.4%
  3.4%2.7%
  11.3%11.6%
  5.0%4.1%
  0.7%0.9%
  2.8%2.1%
  6.6%4.7%
  2.0%1.9%
  8.7%6.7%
  0.1%0.1%
  4.2%4.3%
  9.9%9.3%
  13.9%13.8%
  2.3%2.2%
  6.1%7.4%
  4.5%4.9%
  4.2%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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  • Median HH Income
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    Reviews for New Jersey    121 Reviews
    Horrible weather , high taxes .corrupt politician - 4/30/2020
    On average, there are 206 sunny days per year in New JerseyWhere the heck did they get that from ..It's ALWAYS raining or cloudy in NJ. Last 2 years we had the same... Read More

    Start Your Review of New Jersey


    New Jersey after 10 years of residency. - 7/24/2019
    I have lived in New Jersey for 10 years and its has been very tough to get by, high cost of food, High tax, Rent on average is about 1900 a month, housing costs for a... Read More

    Expensive - 2/14/2016
    Property Taxes are crazy... Read More


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    COMPARE COST OF LIVING
    Compare New Jersey to any other place in the USA.

    MAPS OF NEW JERSEY
    New Jersey
    ZIP CODES IN NEW JERSEY
    08701, 07055, 07087, 07002, 07305, 07093, 07047, 08753, 08901, 08854, ... 595 more

    NEW LISTINGS IN NEW JERSEY
    $3,650
    291 Varick St Unit 1
    Bed 2 | Bath 2

    $179,000
    818 Franklin St
    Bed 4 | Bath 1

    $969,000
    116 Fairmount Ave
    Bed 5 | Bath 3

    $375,000
    2 Laurie Dr
    Bed 4 | Bath 2

    $4,000
    400 Jersey Ave
    Bed 2 | Bath 1

    $725,000
    12 Highview Ter
    Bed 5 | Bath 3

    $1,895,000
    307 Liberty Corner Rd
    Bed 5 | Bath 8


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