GDP / Output
+4.3% YoY
69
$74.4B
Output changed +4.3% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
55
4.4%
Unemployment is 4.4% for Latest available.
Vintage date unknown
State avg4.4%
U.S. avg4.1%
Population
-4.0% 5-year
26
3,120
Population moved -4.0% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
69
22.0%
Median rent consumes 22.0% 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
$8.0K per resident
99
$4.1B
$4.1B 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
$4.1B
$8.0K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.7B
2. Department of Defense$665.8M
3. Department of Health and Human Services$319.9M
Top recipients
Dollars1. ALVOGEN, INC.$227.7M
2. TRIMAN INDUSTRIES INC$202.6M
3. TRANSPORTATION, NEW JERSEY DEPT OF$168.6M
Affordable
Housing Affordability
22.0%
of median income
1BR estimate$1,300
2BR estimate$1,712
Median income$86,607
Median home value$398,000
ACS context
Quick Facts
Population
3,120
Median age
58.6
Bachelor's degree+
50.3%
Poverty rate
6.1%
Labor force participation
47.9%
Prime rate
6.8%
CPI YoY
+3.0%
U.S. GDP YoY
+6.6%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-09-15
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
+5.3%
Federal flow
5 years
Population (5 years)
20203,249
20213,027
20223,092
20233,082
20243,120
GDP (5 years)
2020$57.5B
2021$62.7B
2022$68.1B
2023$71.3B
2024$74.4B
2-year linear forecast
Predictive Outlook
Population forecast
20243,120
20253,053 *
20263,033 *
R² = 15.1% · * projected
GDP forecast
2024$74.4B
2025$79.5B *
2026$83.8B *
R² = 98.3% · * 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$86,607/yr
Median rent$1,585/mo
Rent share of income22.0%
Est. mortgage (30yr, 6.5%)$24,150/yr
Mortgage share of income27.9%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.4%
State avg4.4%
U.S. avg4.1%
Labor force participation47.9%
Poverty rate6.1%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$398,000
Median monthly rent$1,585
Price-to-rent ratio20.9x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score55/100
Economic growth69/100
Labor market55/100
Population momentum26/100
Overall stability61/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.