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 "New 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: It is illegal to self-serve at a gas station in New Jersey. Violators who are caught face a fine of between 50 and 250 USD. Repeat offenders may be fined upto 500 USD.
According to the Bureau of Labor Statistics, NewJersey employment in November 2020 was 4,526,235, unemployment was 462,645 or 10.2% of total jobs.