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 has established a strong financial industry with a wealth of resources for businesses and residents.
- New Jersey's recipe for growth blends a set of powerful ingredients, including a highly educated workforce, major transportation and logistics advantages, a diverse and innovative industry mix, and a government that is committed to making it easier for businesses to do business in the state.
- NJ has a good education system in place, plus several initiatives to help people find work or upgrade their job skills.
- Thanks to the influence of Thomas Edison, the legendary figure who began his inventing career in Newark, New Jersey is a haven for high-tech networks and cutting-edge activities that benefit workers, employers, communities and institutions.
- New Jersey's transportation, distribution and logistics infrastructure is second to none, serving some of the busiest cargo facilities in the world.
- For 17 of the world’s leading pharmaceutical companies, New Jersey is the perfect prescription for growth. Often called “the medicine chest of the world,” New Jersey leads the nation in both pharmaceuticals and biotechs, creating a $29.3 billion economic impact and attracting the industries’ top professionals. Household names with major operations in the state include Bayer HealthCare, Johnson & Johnson, Novartis and Merck.
Featured Cities in New Jersey
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New Jersey Profile
Quick Facts about NJ
|Latest Population Increase||0.00%|
|Median Household Income||$72,093|
|Median Home Price||$315,900|
|Median Property Tax||$2,386|
Employment Rate in NJ
Race in NJ
Employment Rate in NJ
Educational Levels in NJ
|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%|
|Transportation and Warehousing, and Utilities||5.7%|
|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%|
Housing in NJ
Data Sources : U.S. Census Bureau, 2010 Census, 2011-2015 American Community Survey, 2010 Census Gazetteer, GreatSchools, WalkScore, Bureau of Labor and Statistics, County Health Rankings & Roadmaps, Centers for Medicare and Medicaid Service, Veterans Administration (VA), Federal Aviation Administration (FAA)
Best places to Live in New Jersey
|Title||Population||Median Home Price||Median Household Income|
|West New York||51,860||$317,400||$45,370|