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Economic Atlas
Places/NJ/Monmouth
County profile

Monmouth

United States · GDP 2024
#113 of 3,127 US counties by GDP61st-percentile growthmore diversified than 91% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$52.7B
GDP growth
+5.3%
Jobs tracked
257,734
Employers
19,883
Avg. wage
$68.2k
Population
651,035
Labor & formation
Unemployment
3.8%
Median HH income
$124.8k±$2.1k
Business applications
11,188 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Hovnanian Enterprises, Inc.Consumer Cyclical$3.0B68B2Commvault Systems, Inc.Technology$1.2B81B+3Climb Global Solutions, Inc.Technology$652.5M76B+4UMH Properties, Inc.Real Estate$35.0M59C5Cenntro Electric Group LimitedConsumer Cyclical$18.1M25D6Sterling Consolidated Corp.Consumer Cyclical$10.4M——7Xynergy Holdings, Inc.Financial Services$679.3k——8Speedus Corp.Communication Services$461.2k——9BigString CorporationIndustrials$56.9k——10Avalon GloboCare Corp.Real Estate$020D11Chase Packaging CorporationFinancial Services$026D12Cherry Hill Mortgage Investment CorporationReal Estate———13Network 1 Financial Group, Inc.Financial Services———14Canton Strategic Holdings IncHealthcare———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care30%
Retail trade21%
Food & accommodation18%
Professional services12%
Construction10%
Admin & support8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
651,035
residents · 2025 · +1.3% since 2020
Income per capita $104.9k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−3,165
International migration+10,123
Natural change+1,546

GDP trend

2019–2024 · nominal
$38.7B
2019
$38.8B
2020
$43.1B
2021
$46.9B
2022
$50.1B
2023
$52.7B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$606.1k±$5.5k
Median gross rent
$1.8k/mo±$30/mo
Vacancy rate
6.9%±0.4%
Affordability
8.9× wages
Residential permits
2,138 (3.3/1k pop)
FEMA risk score
96.3
HUD Fair Market Rent (2BR):$2.3k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 100Heat wave 99Lightning 98
FHFA HOUSE PRICE INDEX · 2016–2025
849
2016
877
2017
916
2018
948
2019
977
2020
1091
2021
1254
2022
1394
2023
1510
2024
1604
2025

Transport access

BTS · FAA · USACE
Nearest interstate
10.4 km
I-195
Nearest freight rail
2.7 km
DRR
Nearest port
22.5 km
MIDDLETOWN TOWNSHIP PUBLIC DOCK
Nearest commercial airport
48.3 km
NEWARK LIBERTY INTL
Filing activity
SEC EDGAR

46 filings from 9 companies here in the last 90 days.

8-KUMH Properties, Inc.07-09
8-KClimb Global Solutions, Inc.07-07
8-KUMH Properties, Inc.07-06
8-KAvalon GloboCare Corp.07-02
8-KUMH Properties, Inc.07-01
8-KClimb Global Solutions, Inc.06-25
DEF 14ACanton Strategic Holdings Inc06-25
DEF 14ACommvault Systems, Inc.06-24
8-KUMH Properties, Inc.06-23
8-KCanton Strategic Holdings Inc06-16
Wage trend
BLS QCEW · 2019–2023
$68.2k
avg. annual pay · +20% since 2019
Similar US counties
nearest by GDP
Durham$53.3BEl Paso$53.3BUnion$51.9BLee$54.2BMacomb$54.2BSomerset$54.5B
The read

Monmouth's economy produced $52.7B in 2024, growing 5.3% year over year — faster than most US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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