Living in New Jersey can be expensive, with taxes, tolls, and gas prices constantly draining our wallets. Many residents have turned to side hustles to make some extra cash on top of their full-time jobs. Creative Fabrica, a website that offers resources for side hustles, recently conducted a study to determine the most popular side hustles in each state. By analyzing Google search trends, they were able to identify the top side hustle in New Jersey.
According to their research, the most popular side hustle in the Garden State is being a ride share driver. This includes driving for companies like Uber and Lyft. The top Google search related to side jobs in New Jersey was “how much do Uber drivers make?” This indicates a high level of interest in this particular side hustle among residents. If you’re looking to make some extra cash, cleaning out your car and setting up a ride share account could be a lucrative option.
For those who are not just looking to supplement their income but are also considering a career change, it’s worth exploring the fastest-growing jobs in New Jersey. Stacker analyzed data from the Bureau of Labor Statistics to determine which jobs in the state experienced the most growth between 2022 and 2023. This information can be valuable for individuals looking to pivot their careers or enter a field with promising opportunities.
In addition to side hustles and growing job markets, it’s important to consider the overall financial landscape in New Jersey. The cost of living, including the income needed for a family of four to get by in each county, can vary significantly. MIT’s Living Wage Calculator provides insights into the minimum income required for a family to meet their basic needs in different parts of the state.
Furthermore, understanding the tax burden in New Jersey is crucial for financial planning. Self Financial analyzed data to determine the states with the lowest and highest lifetime tax burdens, shedding light on where New Jersey ranks in comparison to other states. This information can help residents make informed decisions about their finances and long-term financial goals.
In conclusion, side hustles offer a practical way for New Jersey residents to earn extra income in a challenging financial environment. By exploring popular side hustles, growing job markets, and financial considerations such as the cost of living and tax burden, individuals can make informed decisions to improve their financial well-being. Whether it’s driving for a ride share company or pursuing a career in a rapidly expanding industry, there are opportunities for residents to boost their income and achieve their financial goals.
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