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
+47.0% 5-year
100
560
Population moved +47.0% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
80
14.4%
Median rent consumes 14.4% 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
14.4%
of median income
1BR estimate$1,825
2BR estimate$2,403
Median income$184,833
Median home value$1,140,000
ACS context
Quick Facts
Population
560
Median age
43.4
Bachelor's degree+
60.3%
Poverty rate
2.0%
Labor force participation
73.8%
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
+8.0%
GDP CAGR
+6.9%
Federal flow
5 years
Population (5 years)
2020381
2021620
2022681
2023536
2024560
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
2024560
2025638 *
2026665 *
R² = 14.8% · * 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$184,833/yr
Median rent$2,225/mo
Rent share of income14.4%
Est. mortgage (30yr, 6.5%)$69,174/yr
Mortgage share of income37.4%
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 participation73.8%
Poverty rate2.0%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$1,140,000
Median monthly rent$2,225
Price-to-rent ratio42.7x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score76/100
Economic growth83/100
Labor market48/100
Population momentum100/100
Overall stability76/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.