New Jersey is known for its wealth and success, and its counties are no different. With a Gross Domestic Product (GDP) of $522 billion, the Garden State is one of the most prosperous in the nation. In terms of GDP per capita, New Jersey is the sixth wealthiest state in the United States. This wealth is not equally distributed throughout the state, however. In fact, the wealthiest counties in New Jersey have a significantly higher GDP than the average for the state.
Morris County is the wealthiest county in New Jersey. With a GDP of over $20.4 billion, it boasts the highest GDP per capita of any county in the state at $118,982. This is largely due to the county’s high concentration of white-collar jobs in the financial and technology industries. Many of the major employers in the county are based in Parsippany, the county seat. These include Honeywell, Mars Wrigley Confectionery, and Bayer Healthcare. In addition to these large employers, Morris County is home to many smaller businesses, such as consulting firms and start-ups.
The second wealthiest county in New Jersey is Bergen County. With a GDP of $20.2 billion, Bergen County has a GDP per capita of $115,955. It is home to some of the most affluent suburbs in the country, including Saddle River, Closter, and Alpine. Bergen County is also home to many large businesses, such as Mercedes-Benz USA, Toys “R” Us, and Panasonic America.
Somerset County is the third wealthiest county in New Jersey. With a GDP of $13.4 billion, it has a GDP per capita of $110,859. The county is home to many large businesses, such as Johnson & Johnson, Merck & Co., and Prudential Financial. In addition, the boroughs of Somerville and Bridgewater are home to many smaller businesses, such as medical device companies and software firms.
The fourth wealthiest county in New Jersey is Hunterdon County. With a GDP of $8.2 billion, it has a GDP per capita of $104,666. The county is home to many large companies, such as JCPenney, Wawa, and Johnson Matthey. In addition, the boroughs of Flemington, Clinton, and Lambertville are home to many smaller businesses, such as boutique stores, wineries, and craft breweries.
Finally, the fifth wealthiest county in New Jersey is Middlesex County. With a GDP of $7.7 billion, it has a GDP per capita of $97,828. Middlesex County is home to many large businesses, such as Rutgers University, Merck & Co., and Robert Wood Johnson University Hospital. In addition, the boroughs of New Brunswick, Edison, and Piscataway are home to many smaller businesses, such as medical device companies, software firms, and tech start-ups.
In conclusion, Morris County is the wealthiest county in New Jersey, followed by Bergen County, Somerset County, Hunterdon County, and Middlesex County. Each of these counties has a higher GDP per capita than the average for the state, and is home to many large and small businesses.
