Zip 07648 (Norwood, NJ) 

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Economy in Zip 07648 (Norwood, NJ)

Norwood (zip 07648) has an unemployment rate of 3.0%. The US average is 3.7%.

Norwood (zip 07648) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.

Tax Rates for Norwood (zip 07648)
- The Sales Tax Rate for Norwood (zip 07648) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Norwood (zip 07648) 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 Norwood (zip 07648)
- The average income of a Norwood (zip 07648) resident is $48,254 a year. The US average is $28,555 a year.
- The Median household income of a Norwood (zip 07648) resident is $97,962 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYNorwood, New JerseyUnited States
  3.0%3.7%
  -0.5%1.6%
  25.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $65,141$31,177
  $125,417$57,652
  $154,375$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  6.6%6.2%
  5.7%10.4%
  7.5%2.7%
  12.1%11.6%
  3.8%4.1%
  0.0%0.9%
  1.8%2.1%
  6.2%4.7%
  2.4%1.9%
  13.3%6.7%
  0.2%0.1%
  5.4%4.3%
  9.7%9.3%
  11.8%13.8%
  1.0%2.2%
  3.3%7.4%
  5.4%4.9%
  3.8%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Norwood (zip 07648)


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