Places/NJ/Morris County, NJ
County profile

Morris County, NJ

United States · GDP 2024
#73 of 3,127 US counties by GDP49th-percentile growthmore diversified than 99% of counties
EA Place Score
methodology in progress
GDP 2024 (USD)
$74.4B
BEA · 2024
GDP growth (YoY)
+4.3%
BEA · 2024
Jobs tracked
301,249
Census CBP · 2023
Employers
16,518
Census CBP · 2023
Avg. wage
$99.5k
BLS QCEW · 2023
Population
524,251
Census PEP · 2025
Labor, income & education
Unemployment
3.8%
Median HH income
$137.3k±$3.0k
Bachelor's degree+
57.8%±0.9%
Poverty rate
4.9%±0.4%
Business applications
7,886 · 2025
Retail establishments
1,633
31.3/10k pop
Industry mix · employment
Professional services23%
Health care21%
Retail trade15%
Management15%
Admin & support13%
Wholesale trade12%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 20202025
524,251
residents · 2025 · +3.2% since 2020
Income per capita $119.7k · BEA 2024
COMPONENTS OF CHANGE · 20212025
Domestic migration1,971
International migration+13,737
Natural change+4,170

GDP trend

20192024 · nominal
$57.9B
2019
$57.5B
2020
$62.7B
2021
$68.1B
2022
$71.3B
2023
$74.4B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$582.5k±$5.6k
Median gross rent
$1.9k/mo±$30/mo
Vacancy rate
3.1%±0.4%
Affordability
5.9× wages
Residential permits
$321.4M
1,324 units · 2.5/1k pop
FEMA risk score
92.9
HUD Fair Market Rent (2BR):$2.2k/mo · 2026
TOP PERILS · FEMA NRI
Strong wind 97Winter weather 96Cold wave 93
FHFA HOUSE PRICE INDEX · 20162025
886
2016
899
2017
927
2018
944
2019
960
2020
1039
2021
1167
2022
1284
2023
1387
2024
1469
2025
RESIDENTIAL PERMITS · 20212025
-38% since 2021
2,127
2021
2,163
2022
1,479
2023
2,055
2024
1,324
2025

Transport access

BTS · FAA · USACE
Nearest interstate
5.4 km
I-80
Nearest freight rail
2.2 km
NJT
Nearest port
34.1 km
LINDE-GRIFFITH CONSTRUCTION CO. WHARF
Nearest commercial airport
36.9 km
NEWARK LIBERTY INTL
Wage trend
BLS QCEW · 20192023
$99.5k
avg. annual pay · +15% since 2019
The read

What is the GDP of Morris?

Morris's economy produced $74.4B in 2024, growing 4.3% year over yearabout the middle of the pack among US counties. Its largest employment sector is professional services.

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.