GDP / Output
+3.9% YoY
66
$105.8B
Output changed +3.9% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
69
3.5%
Unemployment is 3.5% for May 2026.
Vintage date unknown
State avg4.5%
U.S. avg4.2%
Population
+3.3% 5-year
70
962,316
Population moved +3.3% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
74
18.4%
Median rent consumes 18.4% 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
$8.2K per resident
100
$7.9B
$7.9B 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
$7.9B
$8.2K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$4.7B
2. Department of Health and Human Services$2.0B
3. Department of Transportation$365.6M
Top recipients
Dollars1. TRANSPORTATION, NEW JERSEY DEPT OF$339.5M
2. HOUSING AUTHORITY OF BERGEN CO$76.5M
3. HOWMEDICA OSTEONICS CORP$65.0M
Affordable
Housing Affordability
18.4%
of median income
1BR estimate$1,569
2BR estimate$2,067
Median income$124,884
Median home value$623,000
ACS context
Quick Facts
Population
962,316
Median age
42.0
Bachelor's degree+
53.1%
Poverty rate
6.8%
Labor force participation
67.2%
Prime rate
6.8%
CPI YoY
+3.2%
U.S. GDP YoY
+6.1%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
May 2026
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-07-16
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
+0.7%
GDP CAGR
+5.3%
Federal flow
5 years
Population (5 years)
2020931,275
2021952,979
2022953,243
2023954,717
2024962,316
GDP (5 years)
2020$81.7B
2021$88.8B
2022$95.5B
2023$101.8B
2024$105.8B
2-year linear forecast
Predictive Outlook
Population forecast
2024962,316
2025970,052 *
2026976,434 *
R² = 75.4% · * projected
GDP forecast
2024$105.8B
2025$113.1B *
2026$119.2B *
R² = 99.0% · * 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$124,884/yr
Median rent$1,914/mo
Rent share of income18.4%
Est. mortgage (30yr, 6.5%)$37,803/yr
Mortgage share of income30.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate3.5%
State avg4.5%
U.S. avg4.2%
Labor force participation67.2%
Poverty rate6.8%
Data from BLS LAUS / CPS. May 2026.
valuation snapshot
Real Estate
Median home value$623,000
Median monthly rent$1,914
Price-to-rent ratio27.1x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score69/100
Economic growth66/100
Labor market69/100
Population momentum70/100
Overall stability73/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.