Where does NJ Rank economy?
48th
Economic Outlook Rank New Jersey is currently ranked 48th in the United States for its economic outlook.
Does New Jersey have a strong economy?
New Jersey’s GSP in 2019 reached $564.0bn, with growth of 1.4% over the five years to 2019. New Jersey’s GSP growth ranks 31 out of all 50 US states. GSP is a measurement of a state’s output, or the sum of value added from all industries in the state. It is a common indicator used to track the health of an economy.
What rank is New Jersey?
New Jersey Rankings
| Health Care | #4 |
|---|---|
| Education | #1 |
| Economy | #33 |
| Infrastructure | #41 |
| Opportunity | #19 |
Is NJ a poor state?
In 2019, the U.S. poverty rate was 12.3%. Poverty is defined as not having enough income to meet basic needs, such as housing, food, clothing, and healthcare….Poorest States 2022.
| State | Mean Household Income |
|---|---|
| Connecticut | $113,031 |
| New Jersey | $114,691 |
Why NJ is a great state?
The Garden State just edged out Massachusetts for top honors, with New York coming in third. In 2019, New Jersey was fourth on the WalletHub list. Jersey ranked in the top 10 for safety, quality of life and education & health, offsetting a middling rank for its economy and a next-to-last finish for affordability.
What is New Jersey’s main economy?
New Jersey’s diverse economy includes major pharmaceuticals, life sciences, financial services, advanced manufacturing, information technology, and transportation and logistic sectors. Our Business Advocates have a deep understanding of your industry and all that New Jersey can bring to your business plan.
What are the top 3 industries in New Jersey?
New Jersey’s largest industries include financial services, transportation and logistics, and life sciences.
Why is NJ The best?
Is NJ good place to live?
TRENTON, N.J. – New Jersey now officially ranks as the best state in America to live in, according to WalletHub’s annual list released Tuesday. New Jersey ranked in the top 10 for safety, quality of life and education. The state also ranked fourth for lowest crime rates.
What rank is NJ in education?
New Jersey Is 2021’s 3rd Best School System in America: WalletHub Study
| Rank | State | Total Score |
|---|---|---|
| 1 | Massachusetts | 73.14 |
| 2 | Connecticut | 67.50 |
| 3 | New Jersey | 64.36 |
| 4 | Virginia | 61.71 |
Where do poor people live in NJ?
Camden, the poorest city in the state, has a poverty rate of 35.5%. Other poor areas are the cities across the Hudson River from New York City, including Newark, Paterson, and Passaic. In 2012, 9.1% of New Jersey households have annual incomes of or over $200,000, and 17.5% have incomes of $100,000 or more.
How does New Jersey’s economy rank in the US?
New Jersey is currently ranked 48 th in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
Where does New Jersey rank on list of States with highest debt?
New Jersey is joined in the bottom 10 by fellow East Coast states Vermont, New York, Delaware, Massachusetts and Connecticut. Illinois, meanwhile, ranked second-to-last nationally, with a debt burden of more than $52,000 per taxpayer.
Where does New Jersey rank among US states in quality of life?
New Jersey ranks No. 19 overall among U.S. states based on 71 metrics across eight categories. Learn more about individual category rankings.
Is New Jersey the most fiscally unsound state in America?
For the fifth year in a row, New Jersey ranks as the most fiscally unsound state in the country, as massive unfunded pension liabilities and retiree health care obligations have crippled the state’s finances.