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
Population<1 1,444,000 2,497,000 2,106,000 8,882,000 328,240,000
Pop growth, 10-year change1 0.7% 1.4% 3.9% 1.4% 7.0%
GDP, billions1 $102 $211 $155 $635 $21,433
Job growth, 5-year change1 9.2% 4.9% 5.0% 6.0% 8.6%
Median household income1 $97,000 $88,000 $89,000 $85,000 $65,000
Median home price1 $375,000 $400,000 $400,000 $350,000 $230,000
Pop share age 25+ with BA+1 45.7% 41.8% 44.6% 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 data.census.gov, Moody's Economy.com, or directly from source.

Reports & Analysis
Middlesex-Monmouth 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)
Tracking the Spread of COVID-19 in the Region (Aug 27, 2020)
Jason Bram's Briefing on Regional Economic Conditions During the Pandemic (July 14, 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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