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
0
8.3%
Unemployment is 8.3% for Latest available.
Vintage date unknown
State avg6.3%
U.S. avg4.3%
Population
-3.8% 5-year
27
1,959
Population moved -3.8% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
73
19.0%
Median rent consumes 19.0% 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
19.0%
of median income
1BR estimate$1,255
2BR estimate$1,652
Median income$96,885
Median home value$409,900
ACS context
Quick Facts
Population
1,959
Median age
44.8
Bachelor's degree+
35.1%
Poverty rate
5.0%
Labor force participation
73.0%
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
-0.8%
GDP CAGR
+6.6%
Federal flow
5 years
Population (5 years)
20202,036
20211,957
20221,844
20232,039
20241,959
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
20241,959
20251,945 *
20261,938 *
R² = 2.1% · * 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$96,885/yr
Median rent$1,530/mo
Rent share of income19.0%
Est. mortgage (30yr, 6.5%)$24,872/yr
Mortgage share of income25.7%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate8.3%
State avg6.3%
U.S. avg4.3%
Labor force participation73.0%
Poverty rate5.0%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$409,900
Median monthly rent$1,530
Price-to-rent ratio22.3x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score40/100
Economic growth75/100
Labor market0/100
Population momentum27/100
Overall stability47/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.