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 has some of the best colleges in America which include Princton, Rutgers and Drew University.
According to the Bureau of Labor Statistics, NewJersey employment in August 2023 was 4,877,543, unemployment was 203,211 or 4.2% of total jobs.
