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
+16.0% 5-year
100
8,232
Population moved +16.0% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
67
23.5%
Median rent consumes 23.5% 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
23.5%
of median income
1BR estimate$1,661
2BR estimate$2,188
Median income$103,378
Median home value$435,400
ACS context
Quick Facts
Population
8,232
Median age
36.4
Bachelor's degree+
53.0%
Poverty rate
7.5%
Labor force participation
83.0%
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
+3.0%
GDP CAGR
+6.9%
Federal flow
5 years
Population (5 years)
20207,094
20217,555
20227,720
20237,944
20248,232
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
20248,232
20258,509 *
20268,775 *
R² = 97.2% · * 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$103,378/yr
Median rent$2,026/mo
Rent share of income23.5%
Est. mortgage (30yr, 6.5%)$26,419/yr
Mortgage share of income25.6%
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 participation83.0%
Poverty rate7.5%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$435,400
Median monthly rent$2,026
Price-to-rent ratio17.9x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateStrong
Composite score75/100
Economic growth83/100
Labor market48/100
Population momentum100/100
Overall stability73/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.