New Jersey Profile
0
%
Unemployment Rate
Source: Bureau of Labor Statistics, March 2023
0
Labor Force
Source: Bureau of Labor Statistics, March 2022
0
Population
Source: U.S. Census, July 2022
$
0
B
STATE GDP
(CURRENT DOLLARS)
(CURRENT DOLLARS)
Source: U.S. Bureau of Economic Analysis, Q2 2022
$
PER CAPITA
PERSONAL INCOME
PERSONAL INCOME
Source: U.S. Bureau of Economic Analysis, Q2 2022
0
%
OF U.S. GDP
Source: U.S. Bureau of Economic Analysis, Q1 2023
14 NEW JERSEY FORTUNE 500 COMPANIES
| wdt_ID | COMPANY | FORTUNE 500 RANK | CITY | COUNTY | REVENUE ($ Billions) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 40 | New Brunswick | Middlesex | 94.94 |
| 2 | Prudential Financial | 67 | Newark | Essex | 60.05 |
| 3 | Merck | 69 | Rahway | Union | 59.28 |
| 4 | PBF Energy | 92 | Parsippany | Morris | 46.83 |
| 5 | Cognizant Technology Solutions | 208 | Teaneck | Bergen | 19.43 |
| 6 | Becton Dickinson | 209 | Franklin Lakes | Bergen | 19.41 |
| 7 | ADP | 251 | Roseland | Essex | 16.50 |
| 8 | Avis Budget Group | 346 | Parsippany | Morris | 11.99 |
| 9 | Quest Diagnostics | 391 | Secaucus | Bergen | 9.88 |
| 10 | Public Service Enterprise Group | 392 | Newark | Essex | 9.80 |
Source: Fortune, 2023
LARGEST EMPLOYERS IN NEW JERSEY
| wdt_ID | Rank | Company | Industry |
|---|---|---|---|
| 1 | 1 | AbbVie | LIfe Sciences |
| 2 | 2 | Accenture | Technology |
| 3 | 3 | ADP | Professional Services |
| 4 | 4 | Amazon | Logistics & Trans. |
| 5 | 5 | Arconic | Manufacturing |
| 6 | 6 | AT&T Corp. | IT & Comm |
| 7 | 7 | Atlantic Health System Inc. | Healthcare |
| 8 | 8 | Avis Rent A Car System, Inc. | Other |
| 9 | 9 | Avis Budget Group | Other |
| 10 | 10 | Barclays | Financial Services |
Source: Data is pulled by Choose New Jersey staff in 2023. Government and retail locations are not included.
LARGEST EMPLOYERS IN NEW JERSEY BY INDUSTRY
| wdt_ID | Life Sciences |
|---|---|
| 1 | Bristol-Myers Squibb Company |
| 2 | BD |
| 3 | Hoffmann-La Roche Inc |
| 4 | Janssen |
| 5 | Johnson & Johnson |
| 6 | Merck |
| 7 | Novartis Pharmaceuticals Corporation |
| 8 | Sanofi US Services Inc. |
| 9 | Zoetis |
| 10 | Teva |
| wdt_ID | Food |
|---|---|
| 1 | Campbell Soup Co. |
| 2 | Unilever |
| 3 | Mars Wrigley U.S. |
| 4 | B&G Foods |
| 5 | Goya |
| 6 | J&J Snacks |
| 8 | Rich Products |
| 9 | Tropical Cheese Industries Inc |
| 10 | Season Brand |
| 11 | Mark Anthony Brewing (White Claw) |
| wdt_ID | Manufacturing |
|---|---|
| 1 | BASF Corp. |
| 2 | Benjamin Moore |
| 3 | BMW of North America |
| 4 | Jaguar |
| 5 | Konica Minolta |
| 6 | Kulite Semiconductor Products, Inc. |
| 7 | Lockheed Martin |
| 8 | Paulsboro Refining Company LLC |
| 9 | PBF Energy |
| 10 | The Boeing Company |
| wdt_ID | Healthcare |
|---|---|
| 1 | Hackensack Meridian Health |
| 2 | Horizon Health Services |
| 3 | Inspira Medical Centers |
| 4 | Quest Diagnostics |
| 5 | RWJBarnabas Health |
| 6 | The Cooper Health System |
| 7 | Valley Health System |
| 8 | Virtua Health |
| wdt_ID | Logistics & Transportation |
|---|---|
| 1 | Amazon |
| 2 | DSV US |
| 3 | NFI Industries |
| 4 | NJ Transit |
| 5 | Port Authority of New York and New Jersey |
| 6 | Prologis |
| 7 | United Airlines |
| 8 | United States Cold Storage |
| 10 | United Parcel Service, Inc |
| wdt_ID | Information Technology/Communications |
|---|---|
| 1 | AT&T Corp |
| 2 | Audible |
| 3 | CGI |
| 4 | Cognizant |
| 5 | Fiserv |
| 6 | Panasonic Corporation of North America |
| 7 | Samsung Electronics America |
| 8 | Sharp USA |
| 9 | Verizon New Jersey Inc |
| 10 | Withum |
| wdt_ID | Financial Services |
|---|---|
| 1 | ADP |
| 2 | Barclays US |
| 3 | Chubb |
| 4 | Goldman Sachs |
| 5 | JP Morgan Chase |
| 6 | Prudential |
| 7 | Tata Consulting Services |
| 8 | TD Bank |
| 9 | UBS Financial Service |
| 10 | Verisk Analytics |
Source: ZoomInfo, 2023
*Non-governmental
EDUCATION ATTAINMENT
| wdt_ID | DEGREE | NJ | US |
|---|
Source: JobsEQ Using American Community Survey 2016-2020
Education
2 of
0
AAU RESEARCH SCHOOLS
Princeton University &
Rutgers, The State University of New Jersey
SELECT INSTITUTIONS OF HIGHER EDUCATION
| wdt_ID | Institute | County | Undergrad | Graduate |
|---|---|---|---|---|
| 1 | Rutgers University | Camden, Essex, Middlesex | 57,341 | 22,865 |
| 2 | Montclair State University | Essex | 18,199 | 5938 |
| 3 | Rowan University | Gloucester | 18,085 | 4,555 |
| 4 | Kean University | Union | 13,546 | 2,783 |
| 5 | Stockton University | Atlantic | 10,621 | 1,167 |
| 6 | New Jersey Institute of Technology | Essex | 10,441 | 3,246 |
| 7 | William Paterson University | Passaic | 9,927 | 2,384 |
| 8 | Thomas Edison University of New Jersey | Mercer | 8,754 | 967 |
| 9 | The College of New Jersey | Mercer | 7,420 | 1,352 |
| 10 | Fairleigh Dickinson University | Bergen, Morris | 6,656 | 2,325 |
Source: Office of the Secretary of Higher Education 2022, U.S. News
For a full list visit the Office of the Secretary of Higher Education website.
County Colleges
| wdt_ID | Institute | County | Undergrad |
|---|---|---|---|
| 1 | Camden County College | Camden | 15,991 |
| 2 | Bergen Community College | Bergen | 15,928 |
| 3 | Middlesex County College | Middlesex | 15,190 |
| 4 | Brookdale Community College | Monmouth | 14,796 |
| 5 | Ocean County College | Ocean | 13,214 |
| 6 | Rowan College at Burlington County | Burlington | 12,098 |
| 7 | Union County College | Union | 11,353 |
| 8 | Raritan Valley Community College | Somerset | 10,243 |
| 9 | Hudson County Community College | Hudson | 10,000 |
| 10 | County College of Morris | Morris | 9,527 |
Source: Office of the Secretary of Higher Education 2022
For a full list visit the Office of the Secretary of Higher Education website.
PUBLIC AIRPORTS
DAILY NON-STOP FLIGHTS FROM NEW JERSEY
100+ North America
35+ Europe
35 South America & Caribbean
14 Middle East & Africa
10 Asia
NEWARK INTERNATIONAL AIRPORT
- 14th busiest airport in the United States
- 29 million passengers and more than 792,513 tons of cargo handled in 2021
- 30+ airlines
PHILADELPHIA INTERNATIONAL AIRPORT
- 21st busiest airport in the United States
- 19 million passengers and more than 643,138 tons of cargo handled in 2021
- 23+ airlines
JFK INTERNATIONAL AIRPORT
- 13th busiest airport in the United States
- 30 million passengers and more than 1,546,794 tons of cargo handled in 2021
- 70+ airlines
LAGUARDIA AIRPORT
- 26th busiest airport in the United States
- 16 million passengers and more than 6,238 tons of cargo handled in 2019
- 11+ airlines
New York Stewart International Airport
- 135,000 passengers and more than 30,996 tons of cargo handled in 2021
- 3+ airlines
Key Roads
Garden State Parkway
New Jersey Turnpike
Interstate 76
Interstate 95
Interstate 195
Interstate 278
Interstate 280
Interstate 295
Interstate 676
Atlantic City Expressway
Palisades Interstate Parkway
Rail & Bus
0
BUS ROUTES
Source: NJ Transit, 2022
0
COMMUTER RAIL LINES
Source: NJ Transit, 2022
0
CLASS I FREIGHT RAILROADS
Source: Bureau of Transportation Statistics
Ports
#
0
LARGEST CARGO PORT ON THE EAST COAST
Port of New York & New Jersey
Source: Port Authority of NY & NJ
#
0
BUSIEST PORT FOR IMPORTS IN THE U.S.
Source: Logistics Management, 2021
0
M+
TOTAL TEUS
Source: Port Authority of NY & NJ, 2022
$
0
B
WORTH OF CARGO MOVES THROUGH THE PORT
Source: Port Authority of NY & NJ, 2022
Utilities
New Jersey Natural Gas
PSE&G
South Jersey Gas
Elizabethtown Gas
New Jersey American Water Co.
SUEZ Water
Aqua New Jersey
PSE&G
Atlantic City Electric
Jersey Central Power & Light
Orange Rockland Electric
Verizon
Sprint
AT&T
Comcast
Lightower Fiber
Broadband
#
0
STATE FOR BROADBAND ACCESS
Source: Broadbandnow.com, 2021
0
%
OF POPULATION HAS ACCESS TO WIRED BROADBAND 100MBPS OR FASTER
Source: Broadbandnow.com, 2021
0
%
OF POPULATION HAS ACCESS TO FIBER-OPTIC SERVICE
Source: Broadbandnow.com, 2021
0
MILES OF MUNICIPAL FIBER IN NEWARK, DELIVERING 10 GB PER SECOND
Source: City of Newark
Taxes
| wdt_ID | Tax | Percent |
|---|---|---|
| 1 | Corporate Income Tax (Single Sales Factor) | 6.5% to 11.5% (for incomes over $1M) |
| 2 | Personal Income Tax | 1.4% to 10.75% (for incomes over $1M) |
| 3 | Sales and Use Tax | 6.625% (3.3125% in UEZs) |
| 4 | Gross Receipts Tax | None |
| 5 | Franchise Tax | None |
| 6 | Personal Property Tax | None |
| 7 | Real Property Tax | No state property tax |
| 8 | Fuel Tax | 41.40 cents per gallon |
*Corporate Income Tax will decrease to 9% in 2022.
Source: Tax Foundation, 2022
LARGEST MUNICIPALITIES
| wdt_ID | Municipality | Population |
|---|
Source: U.S. Census, July 2021
WHAT CAN CHOOSE New Jersey DO FOR YOU
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Rena Sherman
Director of Research & Strategic Partnerships
Bill Noonan
Chief Business Development Officer