GDP / Output
+6.3% YoY
83
$76.2B
Output changed +6.3% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
37
5.6%
Unemployment is 5.6% for July 2026.
Vintage date unknown
State avg4.4%
U.S. avg4.1%
Population
-2.3% 5-year
36
5,029
Population moved -2.3% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
56
31.4%
Median rent consumes 31.4% of median household income: Strained.
Vintage date unknown
State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$7.9K per resident
98
$6.9B
$6.9B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$96.5B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$6.9B
$7.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$3.1B
2. Department of Health and Human Services$1.8B
3. Department of Defense$818.9M
Top recipients
Dollars1. ASRC FEDERAL FACILITIES LOGISTICS, LLC$724.7M
2. HOUSING AUTHORITY OF CITY OF NEWARK$190.1M
3. RUTGERS THE STATE UNIVERSITY OF NEW JERSEY$137.2M
Strained
Housing Affordability
31.4%
of median income
1BR estimate$1,430
2BR estimate$1,884
Median income$66,714
Median home value$365,600
ACS context
Quick Facts
Population
5,029
Median age
34.0
Bachelor's degree+
30.3%
Poverty rate
20.5%
Labor force participation
67.2%
Prime rate
6.8%
CPI YoY
+3.0%
U.S. GDP YoY
+6.6%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
July 2026
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-09-09
HUD Fair Market Rent
Latest available
Data notes
- HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
5-year compound growth
Historical Trends
Population CAGR
-0.5%
GDP CAGR
+6.9%
Federal flow
5 years
Population (5 years)
20205,145
20215,073
20225,164
20234,968
20245,029
GDP (5 years)
2020$54.5B
2021$59.4B
2022$66.4B
2023$71.7B
2024$76.2B
2-year linear forecast
Predictive Outlook
Population forecast
20245,029
20254,975 *
20264,941 *
R² = 43.0% · * projected
GDP forecast
2024$76.2B
2025$82.3B *
2026$87.9B *
R² = 99.5% · * projected
Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.
housing affordability breakdown
Cost of Living
Median household income$66,714/yr
Median rent$1,744/mo
Rent share of income31.4%
Est. mortgage (30yr, 6.5%)$22,184/yr
Mortgage share of income33.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate5.6%
State avg4.4%
U.S. avg4.1%
Labor force participation67.2%
Poverty rate20.5%
Data from BLS LAUS / CPS. July 2026.
valuation snapshot
Real Estate
Median home value$365,600
Median monthly rent$1,744
Price-to-rent ratio17.5x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score56/100
Economic growth83/100
Labor market37/100
Population momentum36/100
Overall stability57/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.