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New Jersey : What you need to know

From dense urban areas like Newark and Jersey City to green countrysides and charming villas, New Jersey offers diverse places to live. Families flock to the Jersey Shore during warm summer months while many outdoor lovers venture to the Skylands for hiking, hunting and camping. Hoboken, Princeton and Morristown are among the best places to live in New Jersey. 

New Jersey has a diverse and innovative economy that includes major pharmaceuticals, life sciences, financial services, advanced manufacturing, renewable energy, and transportation and logistics sectors. Twenty-one Fortune 500 companies are headquartered in the state, which also has operations for more than 1,100 multinational companies representing 40 nations. The state ranks sixth for foreign direct investment. With a Gross Domestic Product of $581.1 billion, if it were a standalone country, New Jersey would rank as the 19th-largest economy in the world.

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New Jersey Profile

Quick Facts about NJ

Population 8,904,413
Latest Population Increase 0.00%
Median Household Income $72,093
Median Home Price $315,900
Median Property Tax $2,386
Median Rent $65

Employment Rate in NJ

  Employed 95%
  Unemployed 5%

Race in NJ

  Ethnicity White 68.3%
  Ethnicity Black 13.5%
  Ethnicity Asian 9%
  Ethnicity Hispanic 19%
  Ethnicity Indian 0.2%
  Ethnicity Other 6.4%

Employment Rate in NJ

  Employed 95%
  Unemployed 5%

Educational Levels in NJ

  Bachelor's Degree 22.8%
  Associate's Degree 6.3%
  Graduate or Professional Degree 14%
  High School Graduate 28.6%
  Some College, No Degree 16.9%
  Percent Bachelor's Degree or Higher 36.8%
  Percent High School Graduate or Higher 88.6%

Industry in NJ

Agriculture, Forestry, Fishing and Hunting and Mining 0.3%
Construction 5.6%
Manufacturing 8.4%
Wholesale Trade 3.4%
Retail Trade 11.3%
Transportation and Warehousing, and Utilities 5.7%
Information 2.8%
Finance and Insurance, and Real Estate and Rental and Leasing 8.5%
Professional, Scientific and Management and Administrative and Waste 13%
Educational Services and Health Care and Social Assistance 23.7%
Arts, Entertainment and recreation and Accommodation and food Services 8.4%
Other Services, Except Public Administration 4.5%
Public Administration 4.2%

Housing in NJ

  Homes Rent 64.5%
  Homes Owned 35.5%

New Jersey Rankings

Best places to Live in New Jersey

Title Population Median Home Price Median Household Income
Newark 279,793 $223,400 $33,139
Jersey City 259,651 $319,800 $59,537
Paterson 146,987 $246,700 $32,915
Elizabeth 127,759 $263,600 $43,568
Toms River 88,687 $279,800 $72,196
Clifton 85,552 $333,300 $67,992
Trenton 84,632 $107,200 $34,257
Camden 76,904 $84,600 $25,042
Passaic 70,618 $302,200 $31,832
Union City 68,656 $289,600 $41,107
Bayonne 65,378 $318,300 $54,413
East Orange 64,578 $211,800 $36,921
Vineland 60,987 $165,000 $49,453
New Brunswick 56,338 $242,200 $38,435
Lakewood 53,591 $392,700 $37,976
Hoboken 52,452 $591,900 $114,381
Perth Amboy 52,179 $245,800 $44,024
West New York 51,860 $317,400 $45,370
Plainfield 50,678 $242,600 $54,500
Sayreville 44,051 $295,300 $80,386