New Jersey Profile
0
%
Unemployment Rate
Source: U.S. Department of Labor, March 2021
0
Labor Force
Source: U.S. Bureau of Labor Statistics, March 2020
0
Population
Source: U.S. Census, July 2019
$
0
B
STATE GDP
(CURRENT DOLLARS)
(CURRENT DOLLARS)
Source: U.S. Bureau of Economic Analysis, Q3 2019
$
0
PER CAPITA
PERSONAL INCOME
PERSONAL INCOME
Source: U.S. Bureau of Economic Analysis, September 2019
0
%
OF U.S. GDP
Source: U.S. Bureau of Economic Analysis, Q3 2019
15 NEW JERSEY FORTUNE 500 COMPANIES
| wdt_ID | COMPANY | FORTUNE 500 RANK | CITY | COUNTY | REVENUE ($ MILLIONS) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 36 | New Brunswick | Middlesex | 82.5 |
| 2 | Prudential Financial | 55 | Newark | Essex | 57.0 |
| 3 | Merck | 65 | Kenilworth | Hunterdon | 47.1 |
| 4 | Becton Dickinson | 177 | Franklin Lakes | Bergen | 17.1 |
| 5 | Cognizant Technology Solutions | 185 | Teaneck | Bergen | 16.7 |
| 6 | PBF Energy | 203 | Parsippany | Morris | 15.1 |
| 7 | ADP | 208 | Roseland | Essex | 14.6 |
| 8 | Bed Bath & Beyond | 280 | Union | Union | 11.2 |
| 9 | Public Service Enterprise Group | 318 | Newark | Essex | 9.7 |
| 10 | Quest Diagnostics | 324 | Secaucus | Bergen | 9.4 |
Source: Fortune, June 2021
LARGEST EMPLOYERS IN NEW JERSEY
| wdt_ID | Rank | Company | Industry | NJ Employees |
|---|---|---|---|---|
| 1 | 1 | RWJBarnabas Health | Health care | 31,683 |
| 2 | 2 | Rutgers, The State University of New Jersey | Higher education | 26,170 |
| 3 | 3 | United Airlines | Airline/aviation | 14,000 |
| 4 | 4 | Johnson & Johnson | Health care | 13,996 |
| 5 | 5 | Bank of America | Financial services | 10,000 |
| 6 | 6 | CVS Health | Pharmacy innovation company | 9,500 |
| 7 | 7 | Prudential Financial Inc. | Financial services | 9,470 |
| 8 | 8 | Virtua | Health care | 9,000 |
| 9 | 9 | JPMorgan Chase & Co. | Financial services | 8,000 |
| 10 | 10 | TD Bank N.A. | Finance/banking | 8,000 |
Source: NJBIZ Top Employers List 2017
*Non-governmental
LARGEST EMPLOYERS IN NEW JERSEY BY INDUSTRY
| wdt_ID | Life Sciences |
|---|---|
| 1 | Bayer HealthCare |
| 2 | Becton Dickinson |
| 3 | BioReference Laboratories |
| 4 | Bristol-Myers Squibb Co. |
| 5 | Johnson & Johnson |
| 6 | Merck & Co. Inc. |
| 7 | Novartis |
| 8 | Novo Nordisk |
| 9 | Quest Diagnostics |
| 10 | Stryker |
| wdt_ID | Food |
|---|---|
| 1 | Atalanta |
| 2 | Campbell Soup Co. |
| 3 | Deep Foods Inc. |
| 4 | Goya Foods Inc. |
| 5 | Mars Chocolate |
| 6 | Mondelez International |
| 8 | The Promotion In Motion Cos. |
| 9 | Unilever |
| 10 | Wakefern Food |
| wdt_ID | Manufacturing |
|---|---|
| 1 | ARC/Durand Glass |
| 2 | BASF Corp. |
| 3 | Ericsson |
| 4 | Honeywell |
| 5 | Lockheed Martin |
| 6 | Panasonic |
| 7 | Siemens |
| 8 | Silverline Building Products |
| 9 | Subaru of America |
| 10 | Thermwell Products Co. Inc. |
| wdt_ID | Healthcare |
|---|---|
| 1 | Barnabas Health |
| 2 | Cooper University Hospital |
| 3 | Hackensack University Medical Center |
| 4 | Kennedy Health |
| 5 | Meridian Health |
| 6 | Robert Wood Johnson University Hospital |
| 7 | St. Joseph's Healthcare System |
| 8 | The Valley Hospital |
| 9 | University Hospital |
| 10 | Virtua |
| wdt_ID | Logistics & Transportation |
|---|---|
| 1 | Amazon |
| 2 | Avis Budget Group |
| 3 | FedEx |
| 4 | Maher Terminals |
| 5 | National Retail Systems |
| 6 | New England Motor Freight |
| 7 | NFI |
| 8 | Preferred Freezer |
| 9 | United Airlines |
| 10 | United Parcel Service |
| wdt_ID | Information Technology/Communications |
|---|---|
| 1 | Alcatel-Lucent |
| 2 | AT&T |
| 3 | Audible |
| 4 | Cognizant Technologies |
| 5 | Comcast |
| 6 | CommVault |
| 7 | iCIMS |
| 8 | Verisk |
| 9 | Verizon Communications Inc. |
| 10 | Vonage |
| wdt_ID | Financial Services |
|---|---|
| 1 | Bank of America |
| 2 | Prudential Financial Inc. |
| 3 | JPMorgan Chase & Co. |
| 4 | Ernst & Young LLP |
| 5 | KPMG |
| 6 | Deloitte LLP and its subsidiaries |
| 7 | Investors Bancorp Inc. |
| 8 | PwC |
| 9 | Fidelity Investments |
| 10 | Selective Insurance Group |
Source: NJBIZ Top Employers List 2017
*Non-governmental
EDUCATION ATTAINMENT
| wdt_ID | DEGREE | NJ | US |
|---|---|---|---|
| 1 | High School Graduate or Higher | 89 | 87 |
| 2 | Bachelor’s Degree or Higher | 38 | 35 |
| 3 | Graduate or Professional Degree | 15 | 13 |
Source: U.S. Census – Educational Attainment, 2018
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 | 56,737 | 22,085 |
| 2 | Montclair State University | Essex | 18,798 | 5,224 |
| 3 | Rowan University | Gloucester | 17,470 | 3,835 |
| 4 | Thomas Edison University of New Jersey | Mercer | 15,170 | 1,035 |
| 5 | Kean University | Union | 13,730 | 3,090 |
| 6 | William Paterson University | Passaic | 10,459 | 1,963 |
| 7 | Stockton University | Atlantic | 9,772 | 1,204 |
| 8 | New Jersey Institute of Technology | Essex | 9,620 | 3,538 |
| 9 | Fairleigh Dickinson University | Bergen, Morris | 9,139 | 3,852 |
| 10 | New Jersey City University | Hudson | 7,528 | 2,355 |
Source: Office of the Secretary of Higher Education, Fall 2018
For a full list visit the Office of the Secretary of Higher Education website.
County Colleges
| wdt_ID | Institute | County | Undergrad |
|---|---|---|---|
| 1 | Bergen Community College | Bergen | 19,671 |
| 2 | Brookdale Community College | Monmouth | 18,316 |
| 3 | Camden County College | Camden | 17,037 |
| 4 | Middlesex County College | Middlesex | 16,876 |
| 5 | Rowan College at Burlington County | Burlington | 15,412 |
| 6 | Ocean County College | Ocean | 14,075 |
| 7 | Union County College | Union | 13,323 |
| 8 | Hudson County Community College | Hudson | 12,008 |
| 9 | Essex County College | Essex | 11,840 |
| 10 | County College of Morris | Morris | 11,319 |
Source: Office of the Secretary of Higher Education, Fall 2018
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
- 12th busiest airport in the United States
- 46 million passengers and more than 847,000 tons of cargo handled in 2019
- 35 airlines
PHILADELPHIA INTERNATIONAL AIRPORT
- 20th busiest airport in the United States
- 32 million passengers and more than 607,000 tons of cargo handled in 2019
JFK INTERNATIONAL AIRPORT
- 6th busiest airport in the United States
- 62 million passengers and more than 1,000,000 tons of cargo handled in 2019
- 80 airlines
LAGUARDIA AIRPORT
- 21st busiest airport in the United States
- 30 million passengers and more than 372,000 tons of cargo handled in 2019
- 11 airlines
ATLANTIC CITY INTERNATIONAL AIRPORT
TRENTON/MERCER AIRPORT
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, April 2018
0
COMMUTER RAIL LINES
Source: NJ Transit, April 2018
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 IN THE UNITED STATES
Source: NJ Transit
0
M+
CONTAINERS HANDLED (20FT EQUIVALENT UNITS)
Source: Port Authority of NY & NJ, 2019
$
0
B
WORTH OF CARGO MOVES THROUGH THE PORT
Source: Port Authority of NY & NJ, 2019
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
MOST CONNECTED STATE IN THE U.S.
Source: Broadbandnow.com, 2019
0
%
OF POPULATION HAS ACCESS TO WIRED BROADBAND 100MBPS OR FASTER
Source: Broadbandnow.com, 2019
0
%
OF POPULATION HAS ACCESS TO WIRELESS SERVICE
Source: Broadbandnow.com, 2019
0
%
OF POPULATION HAS ACCESS TO FIBER-OPTIC SERVICE
Source: Broadbandnow.com, 2019
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 | 50.7 cents per gallon |
*Corporate Income Tax will decrease to 9% in 2022.
Source: Tax Foundation
LARGEST MUNICIPALITIES
| wdt_ID | Municipality | Population |
|---|---|---|
| 1 | Newark | 282,090 |
| 2 | Jersey City | 265,549 |
| 3 | Paterson | 145,627 |
| 4 | Elizabeth | 128,885 |
| 5 | Lakewood | 104,157 |
| 6 | Edison | 100,693 |
| 7 | Woodbridge | 100,450 |
| 8 | Toms River | 93,717 |
| 9 | Hamilton | 87,552 |
| 10 | Clifton | 85,273 |
Source: U.S. Census, July 2018
WHAT CAN CHOOSE New Jersey DO FOR YOU
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Rena Sherman
Research Manager
Bill Noonan
Business Development Director