New Jersey (NJ)

Capital: Trenton

Facts & Statistics

BY THE NUMBERS: VEHICLE FINANCING AND PERSONAL LENDING IN NEW JERSEY

STATE STATISTICS
Population 2023	9,290,841
Population 2022	9,261,699
Population 2021	8,267,961
Population 2020	8,882,371
Population 2019	8,891,258
Population 2018	8,908,520
Population 2017	8,888,543
Population 2016	8,874,516
Below Poverty 2022	9.7
Below Poverty 2021	10.2
Below Poverty 2020	9.7
Below Poverty 2019	9.2
Below Poverty 2018	8.2
Below Poverty 2017	10
Below Poverty 2016	10.4
Employment – Population Ratio 2022	59.5
Employment – Population Ratio 2021	58.3
Employment – Population Ratio 2020	61.9
Employment – Population Ratio 2019	55.4
Employment – Population Ratio 2018	59.9
Employment – Population Ratio 2017	60.2
Employment – Population Ratio 2016	60.4
Unemployed 2022	5.1
Unemployed 2021	7.3
Unemployed 2020	7.6
Unemployed 2019	4
Unemployed 2018	4.1
Unemployed 2017	4.6
Unemployed 2016	5
Foreclosure Rate 2024	1 in 824
Foreclosure Rate 2021	1 in 410
Foreclosure Rate 2018	1 of 753
Median Household Income 2021	88,559
Median Individual Income 2022	75.321
High School Graduation Rate 2022	90.9
High School Graduation Rate 2021	90.6
High School Graduation Rate 2020	91
High School Graduation Rate 2019	90.6
High School Graduation Rate 2018	90.91
Median Mortgage Payment 2021	2,458
GDP 2023	656.48
GDP 2022	646.73
GDP 2021	629.01
GDP 2020	595.93
GDP 2019	617.11
GDP 2018	696.89

STATE FACTS
The light bulb was invented by Thomas Edison in his Menlo Park laboratory.
The street names in the game Monopoly come from Atlantic City.
Modern paleontology, the science of studying fossils, began in 1858 with the discovery of the first nearly complete skeleton of a dinosaur in Haddonfield, New Jersey.

Government

ELECTED OFFICIALS
Governor	Phil Murphy (D)
Lieutenant Governor	Tahesha Way (D)
Attorney General	Matt Platkin (D)
State Senate Control	D – 25; R – 15
State House Control	D – 52; R – 28

State Regulators

Legislative Process

LEGISLATIVE DATES AND DEADLINES
Convenes	January 14, 2025
Sine Die Adjournment	December 31, 2025
Committee Action Deadlines	N/A
Crossover Deadline	None
Carryover from Previous Session	Yes (2024-2025)
Governor’s Signing Deadline (in session)	45 days
Governor’s Signing Deadline (after adjournment)	Five days from adjournment, or the legislation is pocket vetoed
Veto Override	2/3 majority
Legislation Effective Date	July 4 following enactment