GDP / Output
+5.2% YoY
75
$7.8B
Output changed +5.2% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
6
7.7%
Unemployment is 7.7% for Latest available.
Vintage date unknown
State avg6.3%
U.S. avg4.3%
Population
+17.8% 5-year
100
5,628
Population moved +17.8% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
68
23.0%
Median rent consumes 23.0% of median household income: Affordable.
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
$10.3K per resident
100
$984.8M
$984.8M 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
$984.8M
$10.3K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$789.8M
2. Department of Transportation$72.1M
3. Department of Veterans Affairs$63.6M
Top recipients
Dollars1. TRANSPORTATION, NEW JERSEY DEPT OF$69.2M
2. STATE OF NEW JERSEY$11.7M
3. DISTRICT VETERANS CONTRACTING, INC.$9.9M
Affordable
Housing Affordability
23.0%
of median income
1BR estimate$1,172
2BR estimate$1,543
Median income$74,464
Median home value$381,200
ACS context
Quick Facts
Population
5,628
Median age
44.6
Bachelor's degree+
30.3%
Poverty rate
17.0%
Labor force participation
54.9%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-16
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
+3.3%
GDP CAGR
+6.6%
Federal flow
5 years
Population (5 years)
20204,776
20215,123
20225,557
20235,375
20245,628
GDP (5 years)
2020$5.7B
2021$6.3B
2022$7.0B
2023$7.4B
2024$7.8B
2-year linear forecast
Predictive Outlook
Population forecast
20245,628
20255,879 *
20266,074 *
R² = 78.9% · * projected
GDP forecast
2024$7.8B
2025$8.5B *
2026$9.0B *
R² = 97.9% · * 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$74,464/yr
Median rent$1,429/mo
Rent share of income23.0%
Est. mortgage (30yr, 6.5%)$23,131/yr
Mortgage share of income31.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.7%
State avg6.3%
U.S. avg4.3%
Labor force participation54.9%
Poverty rate17.0%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$381,200
Median monthly rent$1,429
Price-to-rent ratio22.2x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score59/100
Economic growth75/100
Labor market6/100
Population momentum100/100
Overall stability59/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.