The Middlesex-Monmouth area in New Jersey, located just south of New York City, has a population of 1.5 million, which has grown significantly over the last twenty years. This area encompasses Rutgers University, as well as a plethora of medical facilities and pharmaceutical companies. It also includes popular points on the Jersey Shore, so leisure and hospitality is important to the regional economy. Employment in Middlesex-Monmouth has grown somewhat faster than the rest of the state in recent years, and has been on par with the nation. Income and educational attainment are higher than for the nation, and slightly higher than for New Jersey as a whole.

Economic and Demographic Trends
Middlesex-Monmouth Newark* Bergen-Hudson-Passaic* New Jersey USA
Population1 1,451,000 2,505,000 2,116,000 8,909,000 327,167,000
Pop growth, 10-year change1 1.7% 2.2% 5.3% 2.3% 7.6%
GDP, billions2 $99 $168 $141 $599 $19,485
Job growth, 5-year change1 10.2% 4.6% 5.6% 5.9% 9.3%
Median household income2 $90,000 $84,000 $76,000 $79,000 $60,000
Median home price2 $350,000 $380,000 $400,000 $320,000 $200,000
Pop share age 25+ with BA+2 45.0% 41.8% 42.1% 39.7% 32.0%

1 2018

2 2017

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota; New York Fed calculations. Data retrieved through American FactFinder, Moody's Economy.com, or directly from source.

Note: Employment figure for Middlesex-Monmouth also includes Ocean County.

Reports & Analysis
Middlesex-Monmouth Economic Indicators (detailed data and timely updates)
NEW: Early Benchmarked Employment Data
Middlesex-Monmouth Household Debt & Credit Snapshot (data in Excel) (Q4 2018)
New Jersey Household Debt & Credit Snapshot (Q4 2018)
Labor Markets in the Region Are Exceptionally Tight (Dec 4, 2018)
A Case for Inclusive Growth: Resource Guidebook for New Brunswick and Perth Amboy in Middlesex County, NJ (Oct 15, 2018)
Investing in Our Communities: New Brunswick & Perth Amboy, Guidebook (Oct 15, 2018)
Just Released: Economic Press Briefing Focuses on Regional Wage Inequality (Aug 10, 2017)
A Tale of Two States: The Recession's Impact on N.Y. and N.J. School Finances (Feb 2017)