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EconPulse

Local economy signal dashboard

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PLACEThriving

Union, NJ

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

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Overall score71out of 100
Compare
74
47
92
83
NA

Population

2,774

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$51.9B

Output changed +5.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

47

4.9%

Unemployment is 4.9% for July 2026.

Vintage date unknown

State avg4.4%
U.S. avg4.1%

Population

+7.1% 5-year

92

2,774

Population moved +7.1% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

83

11.9%

Median rent consumes 11.9% 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

11.9%

of median income

1BR estimate$1,482
2BR estimate$1,952
Median income$182,730
Median home value$510,800

ACS context

Quick Facts

Population

2,774

Median age

44.7

Bachelor's degree+

36.2%

Poverty rate

10.6%

Labor force participation

79.3%

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

July 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-09

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

+1.4%

GDP CAGR

+6.0%

Federal flow

N/A

Population (5 years)
20202,591
20212,848
20222,974
20233,284
20242,774
GDP (5 years)
2020$38.8B
2021$41.4B
2022$46.2B
2023$49.5B
2024$51.9B

2-year linear forecast

Predictive Outlook

Population forecast

20242,774
20253,135 *
20263,215 *

R² = 24.1% · * projected

GDP forecast

2024$51.9B
2025$55.8B *
2026$59.3B *

R² = 98.8% · * 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$182,730/yr
Median rent$1,807/mo
Rent share of income11.9%
Est. mortgage (30yr, 6.5%)$30,995/yr
Mortgage share of income17.0%

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 avg4.4%
U.S. avg4.1%
Labor force participation79.3%
Poverty rate10.6%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$510,800
Median monthly rent$1,807
Price-to-rent ratio23.6x

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

composite score

Investment Climate

Investment climateStrong
Composite score70/100
Economic growth74/100
Labor market47/100
Population momentum92/100
Overall stability71/100

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

Location Context

Union CDP, New Jersey

City/Town

Part of

New York-Newark-Jersey City, NY-NJ

Nearby locations

Connecticut Farms, NJKenilworth, NJVauxhall, NJRoselle Park, NJKean University, NJ