GDP / Output
+4.9% YoY
73
$65.7B
Output changed +4.9% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
63
3.9%
Unemployment is 3.9% for May 2026.
Vintage date unknown
State avg4.5%
U.S. avg4.2%
Population
+6.9% 5-year
91
718,323
Population moved +6.9% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
65
24.8%
Median rent consumes 24.8% 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
$6.6K per resident
88
$4.8B
$4.8B 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
$4.8B
$6.6K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$1.9B
2. Department of Health and Human Services$1.8B
3. Department of Transportation$318.4M
Top recipients
Dollars1. NATIONAL RAILROAD PASSENGER CORPORATION$232.6M
2. HOUSING AUTHORITY OF CITY OF JERSEY$114.4M
3. TRANSPORTATION, NEW JERSEY DEPT OF$82.3M
Affordable
Housing Affordability
24.8%
of median income
1BR estimate$1,553
2BR estimate$2,046
Median income$91,795
Median home value$539,700
ACS context
Quick Facts
Population
718,323
Median age
35.8
Bachelor's degree+
48.9%
Poverty rate
14.9%
Labor force participation
70.3%
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
+1.3%
GDP CAGR
+6.3%
Federal flow
5 years
Population (5 years)
2020671,923
2021713,264
2022712,029
2023710,478
2024718,323
GDP (5 years)
2020$48.5B
2021$53.7B
2022$58.5B
2023$62.7B
2024$65.7B
2-year linear forecast
Predictive Outlook
Population forecast
2024718,323
2025732,208 *
2026741,209 *
R² = 57.1% · * projected
GDP forecast
2024$65.7B
2025$70.8B *
2026$75.2B *
R² = 99.1% · * 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$91,795/yr
Median rent$1,894/mo
Rent share of income24.8%
Est. mortgage (30yr, 6.5%)$32,748/yr
Mortgage share of income35.7%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate3.9%
State avg4.5%
U.S. avg4.2%
Labor force participation70.3%
Poverty rate14.9%
Data from BLS LAUS / CPS. May 2026.
valuation snapshot
Real Estate
Median home value$539,700
Median monthly rent$1,894
Price-to-rent ratio23.7x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score74/100
Economic growth73/100
Labor market63/100
Population momentum91/100
Overall stability72/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.