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
80
2.8%
Unemployment is 2.8% for Latest available.
Vintage date unknown
State avg6.3%
U.S. avg4.3%
Population
+10.0% 5-year
100
2,589
Population moved +10.0% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
75
17.8%
Median rent consumes 17.8% 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
$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
17.8%
of median income
1BR estimate$1,697
2BR estimate$2,235
Median income$139,444
Median home value$461,300
ACS context
Quick Facts
Population
2,589
Median age
41.8
Bachelor's degree+
54.2%
Poverty rate
3.5%
Labor force participation
71.3%
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
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
+1.9%
GDP CAGR
+6.6%
Federal flow
5 years
Population (5 years)
20202,353
20212,513
20222,532
20232,678
20242,589
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
20242,589
20252,724 *
20262,788 *
R² = 71.2% · * 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$139,444/yr
Median rent$2,069/mo
Rent share of income17.8%
Est. mortgage (30yr, 6.5%)$27,991/yr
Mortgage share of income20.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate2.8%
State avg6.3%
U.S. avg4.3%
Labor force participation71.3%
Poverty rate3.5%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$461,300
Median monthly rent$2,069
Price-to-rent ratio18.6x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateStrong
Composite score83/100
Economic growth75/100
Labor market80/100
Population momentum100/100
Overall stability83/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.