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EconPulse

Local economy signal dashboard

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COUNTYThriving

Hudson County, NJ

Thriving overall. Population is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
Compare
73
66
91
65
NA

Population

718,323

Data freshness

Unknown

GDP / Output

+4.9% YoY

73

$65.7B

Output changed +4.9% in 2024.

Vintage date unknown

State growth4.8%
U.S. growth5.3%

Jobs

Unemployment rate

66

3.7%

Unemployment is 3.7% for April 2026.

Vintage date unknown

State avg4.8%
U.S. avg4.3%

Population

+6.9% 5-year

91

718,323

Population moved +6.9% over the latest ACS window.

Vintage date unknown

State population9,343,809
U.S. population334,922,499

Housing

Rent share of income

65

24.8%

Median rent consumes 24.8% 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

Unavailable per resident

NA

Unavailable

Federal spending data is unavailable for this geography.

Vintage date unknown

State total$96.5B
U.S. total$5.3T
USAspending federal inflow temporarily unavailable.

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

Unavailable

No federal obligations were reported for this geography.

Top agencies

Dollars

No agencies reported.

Top recipients

Dollars

No recipients reported.

Affordable

Housing Affordability

24.8%

of median income

1BR estimate$1,553
2BR estimate$2,046
Median income$91,795
Median home value$539,700

ACS context

Quick Facts

Population

718,323

Median age

35.8

Bachelor's degree+

48.9%

Poverty rate

14.9%

Labor force participation

70.3%

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
  • USAspending federal inflow temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+1.3%

GDP CAGR

+6.3%

Federal flow

N/A

Population (5 years)
2020671,923
2021713,264
2022712,029
2023710,478
2024718,323
GDP (5 years)
2020$48.5B
2021$53.7B
2022$58.5B
2023$62.7B
2024$65.7B

2-year linear forecast

Predictive Outlook

Population forecast

2024718,323
2025732,208 *
2026741,209 *

R² = 57.1% · * projected

GDP forecast

2024$65.7B
2025$70.8B *
2026$75.2B *

R² = 99.1% · * 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$91,795/yr
Median rent$1,894/mo
Rent share of income24.8%
Est. mortgage (30yr, 6.5%)$32,748/yr
Mortgage share of income35.7%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.7%
State avg4.8%
U.S. avg4.3%
Labor force participation70.3%
Poverty rate14.9%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$539,700
Median monthly rent$1,894
Price-to-rent ratio23.7x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score74/100
Economic growth73/100
Labor market66/100
Population momentum91/100
Overall stability71/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Hudson County, New Jersey

County

Part of

New York-Newark-Jersey City, NY-NJ

Nearby locations

Jersey City, NJKearny, NJHoboken, NJSecaucus, NJUnion City, NJ