Zip 08876 (Somerville, NJ) 

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Economy in Zip 08876 (Somerville, NJ)

Somerville (zip 08876) has an unemployment rate of 6.3%. The US average is 6.0%.

Somerville (zip 08876) 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 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Somerville (zip 08876)
- The Sales Tax Rate for Somerville (zip 08876) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Somerville (zip 08876) 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 Somerville (zip 08876)
- The average income of a Somerville (zip 08876) resident is $41,979 a year. The US average is $28,555 a year.
- The Median household income of a Somerville (zip 08876) resident is $88,797 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYSomerville, New JerseyUnited States
  6.3%6.0%
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $43,852$31,177
  $91,324$57,652
  $112,962$70,850
  POPULATION BY OCCUPATION
  0.3%1.3%
  0.1%0.6%
  5.8%6.2%
  11.2%10.4%
  4.6%2.7%
  9.1%11.6%
  4.0%4.1%
  0.3%0.9%
  3.5%2.1%
  5.2%4.7%
  0.9%1.9%
  11.6%6.7%
  0.1%0.1%
  5.1%4.3%
  9.1%9.3%
  12.1%13.8%
  2.5%2.2%
  5.9%7.4%
  5.5%4.9%
  3.3%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Somerville    1 Reviews
    Cost of Living - 5/5/2006
    Somerville is the most UNFRIENDLY place I have ever lived (and I've lived in Brooklyn, Queens, Bergen County, NJ). No one even takes the time to say hello or wave -... Read More

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    Somerville (zip 08876)


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