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.
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% |