NJ:NY=COMPARE("NJ", "NY")
New Jersey vs New York: two economies side by side
New Jersey and New York share a border. Here are the two economies on the same measures, with the rank of each among 51 states and DC.
MideastNew Jersey leads on 2, New York on 9 of 11 measures
| Indicator | A · NJ | B · NY | Ranks | ||
|---|---|---|---|---|---|
| GDP, 2025 | $887.8B | $2.47T | 11 · 3 | ||
| Real GDP growth, 2025 | +2.0% | +2.5% | 22 · 15 | ||
| Real growth a year since 2015 | +1.7% | +1.9% | 28 · 25 | ||
| GDP per person | $92,980 | $123,273 | 13 · 2 | ||
| Income per person, 2025 | $89,720 | $91,504 | 7 · 4 | ||
| Real income per person (2017 $) | $63,142 | $64,153 | 12 · 11 | ||
| Price level (US = 100) | 108.8 | 107.9 | 4 · 5 | ||
| Housing costs (US = 100) | 134.3 | 122.2 | 3 · 8 | ||
| Unemployment, September 2026 | 4.2% | 4.3% | 32 · 36 | ||
| Population | 9,548,215 | 20,002,427 | 11 · 4 | ||
| Population growth a year since 2020 | +0.59% | −0.12% | 22 · 47 |
Highlighted: the higher value, or the lower one for prices and unemployment. BEA (GDP, income, price parities), BLS (unemployment).
New JerseyNew York
New JerseyNew York
Industry mix, 2025
Share of each state’s GDP. Sorted by the gap between the two.
| Industry | NJ | NY | Gap, pp | Larger in | |
|---|---|---|---|---|---|
| Finance & insurance | 6.4% | 21.1% | 14.8 | NY | |
| Wholesale trade | 9.2% | 4.1% | 5.1 | NJ | |
| Manufacturing | 8.5% | 3.4% | 5.1 | NJ | |
| Information | 4.8% | 8.3% | 3.5 | NY | |
| Real estate | 15.8% | 14.3% | 1.5 | NJ | |
| Retail trade | 5.8% | 4.3% | 1.5 | NJ | |
| Administrative & waste services | 3.8% | 2.6% | 1.2 | NJ | |
| Health care | 8.6% | 7.4% | 1.2 | NJ | |
| Professional services | 9.8% | 8.6% | 1.2 | NJ | |
| Transportation & warehousing | 3.7% | 2.7% | 1.0 | NJ | |
| Management of companies | 2.5% | 1.5% | 1.0 | NJ | |
| Education | 1.2% | 1.9% | 0.8 | NY | |
| Construction | 3.4% | 2.8% | 0.6 | NJ | |
| Government | 9.1% | 9.6% | 0.4 | NY | |
| Arts & recreation | 1.0% | 1.3% | 0.3 | NY | |
| Other services | 2.0% | 1.7% | 0.3 | NJ | |
| Utilities | 1.6% | 1.4% | 0.2 | NJ | |
| Mining, oil & gas | 0.1% | 0.0% | 0.0 | ||
| Accommodation & food | 2.7% | 2.7% | 0.0 | ||
| Agriculture | 0.1% | 0.1% | 0.0 |
Real GDP growth 2025, %
−1.0%+5.1%
AL+2.0%AK+4.7%AZ+1.5%AR+0.9%CA+3.5%CO+1.9%CT+2.5%DE+5.1%DC−1.0%FL+2.8%GA+2.9%HI+1.5%ID+3.1%IL+2.6%IN+1.9%IA−0.4%KS+1.0%KY+3.0%LA+1.5%ME+1.4%MD+0.8%MA+1.3%MI+2.2%MN+0.7%MS+1.3%MO+1.2%MT+2.0%NE+1.3%NV+2.0%NH+1.7%NJ+2.0%NM+1.8%NY+2.5%NC+1.8%ND+0.5%OH+2.4%OK+2.2%OR+1.4%PA+1.8%RI+2.8%SC+3.3%SD+1.8%TN+2.1%TX+2.8%UT+2.7%VT+1.9%VA+2.3%WA+3.2%WV+2.8%WI+0.8%WY+0.1%