{"id":97291,"date":"2024-12-10T10:31:29","date_gmt":"2024-12-10T18:31:29","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=97291"},"modified":"2024-12-10T11:00:44","modified_gmt":"2024-12-10T19:00:44","slug":"new-jersey-major-industries","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/new-jersey-major-industries\/","title":{"rendered":"10 Major New Jersey Industries to Consider if You\u2019re Working in or Moving to the State"},"content":{"rendered":"

New Jersey is a hub of economic activity, offering diverse opportunities for those considering <\/span>moving to the state<\/span><\/a>. Whether you’re <\/span>browsing homes for sale in Newark<\/span><\/a> or <\/span>apartments in Jersey City<\/span><\/a>, you’ll find that the state boasts a robust economy. Major industries in New Jersey include pharmaceuticals, manufacturing, technology, and more, providing jobs across a wide spectrum of professions. The state’s location between major metropolitan areas like New York City<\/a> and Philadelphia<\/a> makes it an attractive place for job seekers. For homebuyers and renters, New Jersey combines career opportunities with suburban and urban living options.<\/span><\/p>\n

\"new<\/p>\n

New Jersey at a glance: Home prices, income, and employment<\/span><\/h2>\n\n\n\n\n\n
Median home sale price<\/b><\/a><\/td>\n$532,500<\/span><\/td>\n<\/tr>\n
Median household income<\/b><\/a><\/td>\n$99,781<\/span><\/td>\n<\/tr>\n
Unemployment rate<\/b><\/a><\/td>\n4.9%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Top employers in New Jersey<\/span><\/h3>\n
    \n
  1. Amazon:<\/b> 46,000 employees<\/span><\/li>\n
  2. RWJBarnabas Health:<\/b> 41,000 employees<\/span><\/li>\n
  3. Wakefern Food Corporation:<\/b> 40,200 employees<\/span><\/li>\n
  4. Hackensack Meridien Health:<\/b> 36,000 employees<\/span><\/li>\n
  5. Walmart:<\/b> 25,000 employees<\/span><\/li>\n<\/ol>\n

    10 major industries in New Jersey<\/b><\/h2>\n

    1. Pharmaceuticals and biotechnology<\/span><\/h2>\n

    Major Employers<\/b>: Johnson & Johnson (New Brunswick), Merck & Co. (Rahway), and Bristol-Myers Squibb (Princeton).<\/span><\/p>\n

    New Jersey is often called “the medicine chest of the world.” Industry giants like Johnson & Johnson and Merck & Co. drive this industry with roles in research, product development, and manufacturing. Biotech startups and pharmaceutical giants provide opportunities for scientists, engineers, and regulatory specialists. The state’s proximity to academic institutions ensures a steady flow of skilled workers. Those moving to New Jersey for this industry will find thriving communities near research hubs.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider<\/b> homes for sale in New Brunswick<\/b><\/a> or <\/b>Princeton<\/b><\/a>.<\/b><\/p>\n

    2. Financial services<\/span><\/h2>\n

    Major Employers<\/b>: Prudential Financial (Newark), Chubb (Warren), and Verisk Analytics (Jersey City).<\/span><\/p>\n

    With over<\/span> 230,000 workers statewide<\/span><\/a>, the financial services sector is vital to New Jersey\u2019s economy. It supports jobs in insurance, banking, and risk analytics. Newark and Jersey City are major centers, providing opportunities for analysts, actuaries, and financial planners. Proximity to Wall Street makes the state ideal for professionals seeking urban amenities without New York City\u2019s higher cost of living<\/a>. The industry\u2019s growth continues to attract professionals from across the region.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider homes for sale in <\/b>Newar<\/b><\/a>k or <\/b>Jersey City<\/b><\/a>.<\/b><\/p>\n

    3. Manufacturing<\/span><\/h2>\n

    Major Employers<\/b>: Lockheed Martin (Moorestown), Honeywell International (locations in New Jersey), and Becton Dickinson (Franklin Lakes).<\/span><\/p>\n

    New Jersey’s manufacturing sector includes food production, medical devices, and advanced materials. Workers can find roles in assembly, engineering, and quality assurance. Cities like Camden and Franklin Lakes host manufacturing plants that benefit from the state\u2019s excellent transportation network. This industry supports both skilled trades and professional-level positions. For those interested in diverse manufacturing opportunities, New Jersey is a great place to call home.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider homes for sale in <\/b>Moorestown<\/b><\/a> or <\/b>Franklin Lakes<\/b><\/a>.<\/b><\/p>\n

    \"technology<\/p>\n

    4. Technology and telecommunications<\/span><\/h2>\n

    Major Employers<\/b>: Verizon (locations in New Jersey), ADP (Roseland), and Cognizant (Teaneck).<\/span><\/p>\n

    Technology companies in New Jersey focus on software development, IT services, and telecommunications. Verizon and ADP offer jobs ranging from technical support to systems architecture. The state\u2019s position between two tech-savvy metro areas boosts opportunities for innovation. New Jersey\u2019s tech sector also benefits from research facilities and a strong start-up culture. The availability of roles in growing fields attracts professionals from all over.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider homes for sale in <\/b>Teaneck<\/b><\/a> or <\/b>Roseland<\/b><\/a>.<\/b><\/p>\n

    5. Healthcare<\/span><\/h2>\n

    Major Employers<\/b>: RWJBarnabas Health (West Orange), Hackensack Meridian Health (Edison), and Atlantic Health System (Morristown).<\/span><\/p>\n

    New Jersey\u2019s healthcare industry provides careers in hospitals, clinics, and research institutions. The industry had <\/span>over 480,000 jobs in 2022<\/span><\/a>,\u00a0 ranging from patient care to medical research and administration. The state\u2019s healthcare networks are renowned for quality care and innovation. Proximity to major universities supports ongoing advancements in medical technology and treatment. For professionals in this field, New Jersey offers both rewarding careers and strong communities.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider <\/b>homes for sale in Edison<\/b><\/a> or <\/b>Morristown<\/b><\/a>.<\/b><\/p>\n

    6. Transportation and logistics<\/span><\/h2>\n

    Major Employers<\/b>: Port Authority of New York and New Jersey (Jersey City), United Parcel Service (locations in New Jersey), and FedEx (locations in New Jersey).<\/span><\/p>\n

    New Jersey’s location makes it a prime hub for transportation and logistics. The industry offers jobs in supply chain management, warehousing, and freight operations. With one of the busiest port systems in the country, it supports international and domestic commerce. Transportation networks like highways and railways make moving goods efficient. For job seekers, this industry ensures consistent demand for skilled workers.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider<\/b> homes for sale in Jersey City<\/b><\/a> or <\/b>Elizabeth<\/b><\/a>.<\/b><\/p>\n

    7. Education<\/span><\/h2>\n

    Major Employers<\/b>: Rutgers University (New Brunswick), Princeton University (Princeton), and Seton Hall University (South Orange).<\/span><\/p>\n

    New Jersey\u2019s education sector is among the best in the nation. Major universities like Rutgers and Princeton offer careers in teaching, research, and administration. Community colleges and public schools further contribute to the demand for educators. The state values education, creating strong support for innovation and growth in this sector. Homebuyers and renters moving to New Jersey often cite its excellent education system as a top reason.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider <\/b>homes for sale in New Brunswick<\/b><\/a> or <\/b>South Orange<\/b><\/a>.<\/b><\/p>\n

    \"tourism<\/p>\n

    8. Tourism and hospitality<\/span><\/h2>\n

    Major Employers<\/b>: Borgata Hotel Casino (Atlantic City), Caesars Entertainment (Atlantic City), and Six Flags Great Adventure (location in Jackson).<\/span><\/p>\n

    Tourism and hospitality play significant roles in New Jersey\u2019s economy. Atlantic City\u2019s casinos and coastal resorts provide seasonal and year-round employment. Roles range from event planning to hotel management and culinary arts. New Jersey\u2019s proximity to New York also draws tourists to its attractions. This dynamic industry offers opportunities for both entry-level workers and experienced professionals.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider homes for sale in <\/b>Atlantic City<\/b><\/a> or <\/b>Jackson<\/b><\/a>.<\/b><\/p>\n

    9. Food processing<\/span><\/h2>\n

    Major Employers<\/b>: Goya Foods (Jersey City), Mars Wrigley (office in Hackettstown), and Campbell Soup Company (Camden).<\/span><\/p>\n

    The food processing industry is a significant part of New Jersey\u2019s manufacturing base. Companies like Goya Foods and Mars Wrigley offer jobs in production, quality control, and logistics. The state\u2019s agriculture complements this sector, providing fresh ingredients for processing. Food industry careers often appeal to workers seeking stability and growth opportunities. New Jersey\u2019s food market reflects global culinary influences while boosting the state\u2019s economy.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider homes for sale in <\/b>Hackettstown<\/b><\/a> or <\/b>Jersey City<\/b><\/a>.<\/b><\/p>\n

    10. Energy<\/span><\/h2>\n

    Major Employers<\/b>: Public Service Enterprise Group (Newark), FirstEnergy (locations in New Jersey), and Hess Corporation (operations in New Jersey).<\/span><\/p>\n

    New Jersey’s energy industry focuses on utilities, renewable energy, and infrastructure development. PSEG leads the charge with jobs in engineering, project management, and sustainability. Efforts to expand renewable energy sources like solar and wind power create new opportunities. The state\u2019s commitment to green energy ensures growth in this sector. Energy professionals moving to New Jersey will find both career options and environmental initiatives.<\/span><\/p>\n

    Thinking about moving to New Jersey for a job in this industry? Consider<\/b> homes for sale in Newark<\/b><\/a> or <\/b>Trenton<\/b><\/a>.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

    If you’re thinking about moving to New Jersey for work, here are the industries and employers that power the state’s economy.<\/p>\n","protected":false},"author":557,"featured_media":97949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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