GDP / Output
+4.8% YoY
72
$8.5B
Output changed +4.8% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
5
7.8%
Unemployment is 7.8% for Latest available.
Vintage date unknown
State avg6.3%
U.S. avg4.3%
Population
+2.7% 5-year
66
61,006
Population moved +2.7% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
69
21.8%
Median rent consumes 21.8% 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
$6.8K per resident
89
$1.0B
$1.0B 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
$1.0B
$6.8K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$753.8M
2. Department of Veterans Affairs$77.7M
3. Department of Defense$71.5M
Top recipients
Dollars1. TRANSPORTATION, NEW JERSEY DEPT OF$32.5M
2. SEASHORE FRUIT & PRODUCE CO., INC.$30.1M
3. TRI-COUNTY COMMUNITY ACTION AGENCY, INC.$27.6M
Affordable
Housing Affordability
21.8%
of median income
1BR estimate$1,011
2BR estimate$1,332
Median income$67,860
Median home value$240,700
ACS context
Quick Facts
Population
61,006
Median age
38.8
Bachelor's degree+
24.1%
Poverty rate
14.6%
Labor force participation
59.8%
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
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
+0.5%
GDP CAGR
+5.0%
Federal flow
5 years
Population (5 years)
202059,405
202161,442
202260,796
202360,692
202461,006
GDP (5 years)
2020$6.7B
2021$7.3B
2022$7.7B
2023$8.1B
2024$8.5B
2-year linear forecast
Predictive Outlook
Population forecast
202461,006
202561,404 *
202661,649 *
R² = 25.9% · * projected
GDP forecast
2024$8.5B
2025$9.0B *
2026$9.5B *
R² = 98.7% · * 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$67,860/yr
Median rent$1,233/mo
Rent share of income21.8%
Est. mortgage (30yr, 6.5%)$14,605/yr
Mortgage share of income21.5%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.8%
State avg6.3%
U.S. avg4.3%
Labor force participation59.8%
Poverty rate14.6%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$240,700
Median monthly rent$1,233
Price-to-rent ratio16.3x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score49/100
Economic growth72/100
Labor market5/100
Population momentum66/100
Overall stability52/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.