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)
Early Benchmarked Employment Data (Dec 3, 2020)
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)
Middlesex-Monmouth Household Debt & Credit Snapshot (data in Excel) (Q4 2018)
New Jersey Household Debt & Credit Snapshot (Q4 2018)
Press Briefing on Economic Conditions in the Region (Dec 17, 2019 Webcast)
Growth Has Slowed across the Region (Dec 17, 2019)
President Williams's Visit to New Jersey (Nov 1, 2019)
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)
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