The average New Jerseyan is taxed at a rate of 1.89% for property, a maximum of 8.97% for income and up to 6.63% for sales. Compared to the national averages New Jersey earns a score of poor 👎 for property taxes, poor 👎 for income taxes and poor 👎 for combined local and state sales tax. Quick links to regions of New Jersey with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of New Jersey
New Jersey has approximately 8,978,416 residents. A common term for people in New Jersey is "Jerseyite". Within this population there are around 101,625 births and 74,111 deaths per year. Approximately 64.7% of this population speaks English exclusively. Conversely, 1.3% of this population has no verbal English skill. On average, real estate listings in New Jersey are on the market for 110 days. The Market Health Index for New Jersey is 1.76. Hunterdon is the wealthiest of all counties in New Jersey. The least wealthy of all counties in New Jersey is Cumberland.
Daily state facts: New Jersey was ranked in the bottom five for state-wide fiscal solvency by George Mason's Mercatus Center. This ranking is based on measures of cash, budget, long-term and trust fund solvency.
According to the Bureau of Labor Statistics, NewJersey employment in June 2021 was 4,419,707, unemployment was 321,343 or 7.3% of total jobs.