Located in the northeastern corner of New Jersey, the Bergen-Hudson-Passaic area has a population of nearly 2.2 million, and includes Jersey City, Paterson, Clifton, Union City, Bayonne, Hoboken, and Fort Lee. Jersey City is sometimes referred to as New York City’s sixth borough, given its proximity and connection by the PATH rapid-transit system, tunnel, and ferry to the City. While the area has seen a decline in its manufacturing employment base in recent decades, the health and education sector has grown significantly, as has the area’s leisure and hospitality sector. Financial services employment, which is particularly important to the Hudson County economy, was struggling for some time, but has expanded recently. Bergen County has remarkably high incomes and educational attainment, in contrast with Passaic County and parts of Hudson County.

Economic and Demographic Trends
Bergen-Hudson-Passaic Newark* Middlesex-Monmouth* New Jersey USA
Population1 2,106,000 2,497,000 1,444,000 8,882,000 328,240,000
Pop growth, 10-year change1 3.9% 1.4% 0.7% 1.4% 7.0%
GDP, billions1 $155 $211 $102 $635 $21,433
Job growth, 5-year change1 5.0% 4.9% 9.2% 6.0% 8.6%
Median household income1 $89,000 $88,000 $97,000 $85,000 $65,000
Median home price1 $400,000 $400,000 $375,000 $350,000 $230,000
Pop share age 25+ with BA+1 44.6% 41.8% 45.7% 41.2% 33.1%

1 2019

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota. Data retrieved through, Moody's, or directly from source.

Reports & Analysis
Bergen-Hudson-Passaic Economic Indicators (detailed data and timely updates)
Regional Employment Trends (May 23, 2022)
Press Briefing on the Regional Economic Recovery (Dec 17, 2021)
Jaison Abel's Briefing on Economic Conditions in the Region (Nov 5, 2021)
Severe Supply Disruptions Are Impeding Business Activity in the Region (Oct 21, 2021)
Tough Choices: New Jersey Schools during the Great Recession and Beyond (July 2021)
Jaison Abel’s Briefing on the New York State Economy During the Pandemic (Sep 30, 2020)
Tracking the Spread of COVID-19 in the Region (Aug 27, 2020)
Finally, Some Signs of Improvement in the Regional Economy (Jun 16, 2020)
New York Fed Surveys: Business Activity in the Region Sees Historic Plunge in April (Apr 16, 2020)
Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak (Mar 30, 2020)
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