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
48
4.9%
Unemployment is 4.9% for April 2026.
Vintage date unknown
State avg4.8%
U.S. avg4.3%
Population
+8.1% 5-year
98
863,002
Population moved +8.1% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
68
22.7%
Median rent consumes 22.7% 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
$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
Affordable
Housing Affordability
22.7%
of median income
1BR estimate$1,255
2BR estimate$1,653
Median income$80,789
Median home value$524,100
ACS context
Quick Facts
Population
863,002
Median age
37.7
Bachelor's degree+
39.1%
Poverty rate
14.6%
Labor force participation
66.4%
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
April 2026
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
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
+1.6%
GDP CAGR
+6.9%
Federal flow
5 years
Population (5 years)
2020798,698
2021852,720
2022853,374
2023854,130
2024863,002
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
2024863,002
2025883,390 *
2026896,392 *
R² = 63.1% · * 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$80,789/yr
Median rent$1,531/mo
Rent share of income22.7%
Est. mortgage (30yr, 6.5%)$31,802/yr
Mortgage share of income39.4%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.9%
State avg4.8%
U.S. avg4.3%
Labor force participation66.4%
Poverty rate14.6%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$524,100
Median monthly rent$1,531
Price-to-rent ratio28.5x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score75/100
Economic growth83/100
Labor market48/100
Population momentum98/100
Overall stability73/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.