Union City New Jersey Income Charts

This section shows the Union City New Jersey economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Union City shows it has a Median earnings of $40,698 which is the smallest as measured by median earnings per worker of all the other places in the local area. The city with the highest median earnings per worker in the area is Hoboken which depicts a median earnings of $106,649 (approximately 2.6 times bigger). Comparing median earnings per worker to the United States average of $53,269, Union City is approximately three-fourths the size. Also, versus the state of New Jersey, median earnings per worker of $66,099, Union City is approximately three-fourths the size.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $53,177 which is the smallest when ranked by median household income of all the other places in the metro area. The city with the highest median household income in the area is Hoboken which shows a median income of $160,890 (approximately 3.0 times bigger). Comparing median household income to the United States average of $69,021, Union City is approximately three-fourths the size. Also, in contrast to the state of New Jersey, median household income of $89,703, Union City is approximately three-fourths the size.

The next section examines a variety of different income statistics for the Union City metropolitan area. In Figure 3 we see that it it has one of the largest proportions of earnings less than $10,000 at 9.4% of the total and is ranked #2. The only larger city being Guttenberg with 9.4%. Second, it has one of the largest proportions of earnings between $10,000 and $14,999 at 9.6% of the total and is ranked #2. The only larger city being Guttenberg with 11.1%. Third, it has the largest proportion of earnings between $15,000 and $19,999 at 35.3% of the total and is ranked #1. Also, it has the smallest proportion of earnings between $50,000 and $74,999 at 6.3% of the total. In addition, it has the smallest proportion of earnings between $75,000 and $99,999 at 8.2% of the total.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has a Avg Hours Worked of 37.3 which is the smallest in terms of average hours of all the other places in the metro area. The city with the highest average hours in the area is Hoboken which indicates an average hours of 44.0 (18.0% larger). Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has a Avg Hrly Earnings of $20.98 which is the smallest as measured by average hourly earnings of all the other places in the greater region. The city with the highest average hourly earnings in the area is Edgewater which shows an average hourly earnings of $47.46 (approximately 2.3 times bigger). Comparing average hourly earnings to the United States average of $26.40, Union City is approximately three-fourths the size. Also, in contrast to the state of New Jersey, average hourly earnings of $33.02, Union City is approximately three-fourths the size.

Figure 7 examines the number of self employed people in the Union City metro area based on the number of people who reported any self employment income. Union City shows it has a Self Employed of 11.3% which is the third most of all other places in the metro area. The city with the highest percentage of people self employed in the area is Guttenberg which depicts a percentage self employed of 11.7% (only about 3.5% larger).

Turning our attention to Figure 8, the median household income by age group, has the smallest proportion of median income-under 25 years at $60,289 of the total. Second, it has the second smallest in terms of median income for those under 25 years of age of all the other places in the metro area as measured by median income-25 to 44 years at $62,170 of the total. Third, it has the smallest proportion of median income-45 to 64 years at $26,326 of the total.

Figure 9 breaks down the source of income and Union City has the largest proportion of social security at 0.8% of the total and is ranked #1.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 10.7% which is in the mid point range of other places in the local area. The city with the highest households with retirement income in the area is Secaucus which depicts a households with retirement income of 19.0% (76.9% larger).

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has the smallest proportion of overall family income at $58,505 of the total. Second, it has in the mid range of other places in the local area when ranked by white family income at $57,454 of the total. Third, it has the largest proportion of black family income at $61,382 of the total and is ranked #1. Also, it has the second smallest when sorted by overall family income of all the other places in the local area in terms of american indian family income at $103,750 of the total. In addition, it has the second smallest in order of overall family income of all the other places in the metro area in order of hawaiian family income at $51,913 of the total.

Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Union City indicates it has the hightest cost of 128.9 for the cost of utilities category.

Union City New Jersey Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the disasterous Coronavirus Pandemic the monthly unemployment rate went from 12.2% to 4.2% in February 2020. This represents a decrease in the monthly unemployment rate of 65.6%. Since that time, the monthly unemployment rate has gone to 3.9% This represents a decrease in the monthly unemployment rate of 7.1%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from February 2010 to before the disasterous COVID-19 Pandemic the monthly labor force participation went from 35,215 to 35,830 in March 2020. This represents an increase in the monthly labor force participation of very little. Since that time, the monthly labor force participation has gone to 34,330 This represents a decrease in the monthly labor force participation of 4.2%.

The next two charts look at the annual unemployment rate/eligible for unemployment benefits and is based on the American Community survey. Figure 16 shows Union City depicts it has a Unemployment Rate of 5.1% which is the third most unemployment rate of all other places in the greater Union City region. The city with the highest unemployment rate in the area is Guttenberg which depicts a rate of 5.9% (16.0% larger). Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. Union City shows it has a Labor Force Participation of 67.3% which is the smallest when sorted by participation rate of all the other places in the local area.

The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). Union City has the largest proportion of unemployed at 32.7% of the total and is ranked #1.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. Union City depicts full time employees approximately 3.5 times bigger as the part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater Union City area. Union City indicates it has a Single Earner Families of 33.1% which is in the mid range of other places in the area. The city with the highest families with a single earner in the area is West New York which indicates a single earners rate of 41.5% (25.4% larger). The percentage of families with no one working is depicted in Figure 22. Union City depicts it has a Families with No One Working of 9.8% which is in the mid point range of other places in the local area. The city with the highest families with no one working in the area is Secaucus which depicts a families with no worker of 10.9% (11.3% larger).

Union City New Jersey Poverty Charts

The next section details economy analysis about poverty for residents of the Union City community. This performance can be enhanced by government programs such as economic opportunity zone to influence manufacturing, job growth, economic opportunity an hopefully lead to economic recovery after the recent Covid 19 recession. In Figure 23 the total number of people earning less than the poverty level are shown. Union City shows it has a Total In Poverty of 13,436 which is more than all other places in the greater Union City region.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. Union City shows it has a Percent of Population In Poverty of 20.0% which is is the uppermost of the places in the greater Union City region.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. Union City has one of the largest proportions of black poverty rate at 40% of the total and is ranked #2. The only larger city being West New York with 52%.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. Union City has the largest proportion of highschool graduate and in poverty at 18% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. Union City has the percentage of people who are in poverty and unemployed in the middle range of other places in the local area at 18.9% of the total. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Union City depicts it has a Public Assistance Percent of 22.2% which is more than all other places in the area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). Union City depicts it has a Gini Index of 49.2% which is the second most of all the places in the metropolitan area.

Union City New Jersey Work Commute Charts

The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Union City community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 32 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Union City has the largest proportion of people who take public transportation to work at 10% of the total and is ranked #1. Second, it has the smallest proportion of people who bicycle or walk to work at 5% of the total. Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown Union City or elsewhere.) Union City has the percentage of people who drove alone less than most other places in the local area at 32% of the total. Second, it has the largest proportion of people who carpooled at 11% of the total and is ranked #1. Third, it has the largest proportion of people who take the bus at 33% of the total and is ranked #1. Also, it has the largest proportion of people who bike at 1% of the total and is ranked #1. In addition, it has the largest proportion of people who walked at 10% of the total and is ranked #1. Furthermore, it has the smallest proportion of people who work from home at 5% of the total.

In Figure 35 is shown a frequency distribution of the time that people leave for work. Union City has one of the largest proportions of people who leave for work between 12am to 5am at 3% of the total and is ranked #2. The only larger city being Guttenberg with 6%. Second, it has the largest proportion of people who leave for work between 10am to 11am at 2% of the total and is ranked #1. Third, it has the largest proportion of people who leave for work between 11am to 12noon at 7% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. Union City has the percentage of people with commute time of less than 5 minutesutes the second smallest in terms of people with commute time of less than 5 minutes of all the other places in the metro area at 3% of the total. Second, it has the largest proportion of people with commute time between 10 to 14 minutes at 11% of the total and is ranked #1. Third, it has the largest proportion of people with commute time between 25 to 29 minutes at 23% of the total and is ranked #1. Also, it has the smallest proportion of people with commute time between 40 to 44 minutes at 12% of the total.

The average commute time is shown in Figure 37. Union City depicts it has a Avg Commute Time of 35 which is less than most other places in the local area. Figure 38 shows the difference between male versus female commuting time. Union City shows average commute time in minutes for men 37.8% larger as the average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and Union City has the percentage of no vehicle available less than most other places in the metro area at 41% of the total. Second, it has less than most other places in the greater region when ranked by 1 vehicle available at 19% of the total. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) Union City depicts it has a Work in city or place where live of 19% which is less than most other places in the area. The city with the highest people who both work and live in the same city in the area is Secaucus which shows a people who both work and live in the same city of 35% (about twice as large). Comparing people who both work and live in the same city to the United States average of 44%, Union City is approximately half the size. Also, versus the state of New Jersey, people who both work and live in the same city of 24%, Union City is approximately three-fourths the size.

Union City New Jersey Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. Union City depicts it has the hightest median earnings of $108,973 for the earnings-healthcare practitioners and tech occupations group. Similarly, Figure 47 shows the median earnings of women for the job categories and Union City depicts it has the hightest median earnings of $73,950 for the management, business, and financial occupations category. The table in Figure 48, shows Union City employment data in terms of job categories and salary data.

Union City New Jersey Self Employment Charts

Figure 49 shows economic activity in terms of the number of people who are self employed in incorporated local business by industry. Union City shows it has the hightest entrepreneurs of 47% for the self employed management, business, science, and arts businesses group.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Union City depicts it has the hightest entrepreneurs of 23% for the self employed in construction classification.

In Figure 51 the average annual self employment/entrepreneur income is shown. Union City shows it has a Self Employment Income of $24,174 which is the smallest in order of average annual self employment income of all the other places in the greater region. The city with the highest average annual self employment income in the area is Edgewater which shows an average annual self employment income of $88,757 (approximately 3.7 times bigger). Comparing average annual self employment income to the United States average of $42,141, Union City is approximately half the size. Also, in comparison with the state of New Jersey, average annual self employment income of $51,981, Union City is approximately half the size.

Figure 52 shows the difference between the number of self employed men and self employed women (i.e. entrepreneurs.) Union City depicts total number of self-employed men 25.4% larger as the total number of self-employed women.