Some residents of the Municipality of Taraka find their means of living through self-employment either by small or medium enterprise of their own. However, with its basic feature as an agricultural land, many of Taraka constituents find their source of living from agricultural practices and agro-fishing. Being a fourth-class municipality, it has at least basic infrastructures and facilities that are readily available to be utilized by the constituents.
Templates below further show details of the socio-economic profile of the municipality.