According to The PEW Charitable Trusts, New Jersey’s personal income growth over the past year totaled 1.1%, while the average U.S. worker experienced an increase of 2.0%. In addition, an analysis beginning in Q4 2007 found that New Jersey’s personal income has continuously grown at a slower pace than the national average. Since Q4 2007, New Jersey residents have experienced a 1.3% increase in personal income, while the national average totals a 1.9% increase.
Taxation & Economic Development
NJ’s Personal Income Growth Rates Sit Below National Average
Published September 6, 2019- Share