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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
Hackensack 44,035 $283,300 $55,289
Kearny 41,866 $307,100 $60,015
Linden 41,322 $265,500 $63,250
Atlantic City 39,547 $198,200 $25,737
Fort Lee 36,251 $333,300 $70,415
Fair Lawn 33,164 $390,200 $99,536
Garfield 31,265 $328,000 $45,469
Long Branch 30,721 $315,900 $48,327
Westfield 30,552 $671,100 $146,734
Princeton 28,936 $780,300 $114,645
Rahway 28,644 $268,100 $60,374
Millville 28,515 $158,600 $49,133
Englewood 27,992 $378,100 $75,074
Bergenfield 27,339 $337,000 $79,000
Paramus 26,760 $545,700 $100,272
Ridgewood 25,370 $716,400 $147,823
Bridgeton 25,201 $109,300 $36,208
Lodi 24,590 $341,800 $50,774
Cliffside Park 24,493 $400,800 $60,979
Somerset 24,409 $301,700 $89,722