New Jersey is a hub of economic activity, offering a variety of opportunities for those considering moving to the state. Whether you’re browsing homes for sale in Newark or apartments in Jersey City, you’ll see that this state boasts a strong economy. New Jersey’s major industries include pharmaceuticals, manufacturing, and technology, providing employment in a wide range of occupations. The state is located between metropolitan areas such as New York City and Philadelphia, making it an attractive location for job seekers. For homebuyers and renters, New Jersey combines career opportunities with suburban and urban living options.
New Jersey Overview: Home Prices, Income, and Employment
Top Employers in New Jersey
Amazon: 46,000 employees RWJBarnabas Health: 41,000 employees Wakefern Food Corporation: 40,200 employees Hackensack Meridian Health: 36,000 employees Walmart: 25,000 employees
New Jersey’s 10 Major Industries
1. Pharmaceuticals and Biotechnology
Major employers: Johnson & Johnson (New Brunswick), Merck & Co. (Rahway), and Bristol-Myers Squibb (Princeton).
New Jersey is often referred to as the “Medicine Cabinet of the World.” Industry giants such as Johnson & Johnson and Merck & Company drive the industry forward with roles in research, product development, and manufacturing. Biotech startups and pharmaceutical giants offer opportunities for scientists, engineers, and regulatory professionals. The state’s proximity to academic institutions ensures a steady influx of skilled workers. People who move to New Jersey for this industry will find a vibrant community near research hubs.
Considering moving to New Jersey to work in this industry? Consider selling your home in New Brunswick or Princeton.
2. Financial services
Major Employers: Prudential Financial (Newark), Chubb (Warren), Verisk Analytics (Jersey City).
With more than 230,000 employees across the state, the financial services sector is critical to New Jersey’s economy. We support work in insurance, banking, and risk analysis. Newark and Jersey City are major centers, offering opportunities for analysts, actuaries, and financial planners. The state’s proximity to Wall Street makes it ideal for professionals looking for urban amenities without the high cost of living of New York City. The growth of the industry continues to attract professionals from across the region.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Newark or Jersey City.
3. Manufacturing
Major Employers: Lockheed Martin (Moorestown), Honeywell International (New Jersey location), Becton Dickinson (Franklin Lakes).
New Jersey’s manufacturing industries include food production, medical devices, and advanced materials. Workers can find roles in assembly, engineering, and quality assurance. Cities like Camden and Franklin Lakes are home to manufacturing plants that benefit from the state’s 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.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Moorestown or Franklin Lakes.
4. Technology and communication
Major employers: Verizon (based in New Jersey), ADP (Roseland), Cognizant (Teeneck).
New Jersey technology companies focus on software development, IT services, and telecommunications. Verizon and ADP provide work ranging from technical support to system architecture. The state’s location between two tech-savvy metropolitan areas fosters opportunities for innovation. New Jersey’s technology sector also benefits from research facilities and a strong startup culture. The availability of roles in growing fields attracts professionals from all over the world.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Teaneck or Roseland.
5. Healthcare
Major Employers: RWJBarnabas Health (West Orange), Hackensack Meridian Health (Edison), and Atlantic Health System (Morristown).
New Jersey’s healthcare industry offers careers in hospitals, clinics, and research institutes. In 2022, the industry added more than 480,000 jobs in jobs ranging from patient care to medical research and management. The state’s health network is known for quality care and innovation. Our proximity to major universities supports continued advances in medical technology and treatments. For professionals in this field, New Jersey offers both a rewarding career and a strong community.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Edison or Morristown.
6. Transportation and logistics
Major Employers: Port Authority of New York and New Jersey (Jersey City), United Parcel Service (New Jersey location), and FedEx (New Jersey location).
New Jersey is a major transportation and logistics hub. This industry offers jobs in supply chain management, warehousing, and freight forwarding operations. One of the nation’s busiest port systems supports international and domestic commerce. Transportation networks such as highways and railways streamline the movement of goods. For job seekers, this industry guarantees a steady demand for skilled workers.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Jersey City or Elizabeth.
7. Education
Major Employers: Rutgers University (New Brunswick), Princeton University (Princeton), Seton Hall University (South Orange).
New Jersey’s education sector is among the best in the nation. Leading universities such as Rutgers University and Princeton University offer careers in teaching, research, and management. 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. Home buyers and renters who move to New Jersey often cite its excellent education system as a key reason.
Considering moving to New Jersey to work in this industry? Consider homes for sale in New Brunswick or South Orange.
8. Tourism and hospitality
Major Employers: Borgata Hotel Casino (Atlantic City), Caesars Entertainment (Atlantic City), Six Flags Great Adventure (located in Jackson).
Tourism and hospitality play an important role in New Jersey’s economy. Atlantic City’s casinos and coastal resorts offer seasonal and year-round employment. Roles range from event planning to hotel management to culinary arts. New Jersey’s proximity to New York also attracts tourists. This dynamic industry offers opportunities for both entry-level workers and experienced professionals.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Atlantic City or Jackson.
9. Food processing
Major employers: Goya Foods (Jersey City), Mars Wrigley (offices in Hackettstown), Campbell Soup Company (Camden).
The food processing industry is a significant part of New Jersey’s manufacturing footprint. Companies like Goya Foods and Mars Wrigley offer jobs in production, quality control, and logistics. The state’s agriculture complements this sector, providing fresh produce for processing. Careers in the food industry are often attractive to workers looking for stability and growth opportunities. New Jersey’s food market reflects global culinary influences while boosting the state’s economy.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Hackettstown or Jersey City.
10. Energy
Principal Employers: Public Service Enterprise Group (Newark), FirstEnergy (based in New Jersey), Hess Corporation (operations in New Jersey).
New Jersey’s energy industry focuses on utilities, renewable energy, and infrastructure development. PSEG is leading the way in engineering, project management and sustainability. Efforts to expand renewable energy sources such as solar and wind power create new opportunities. The state’s commitment to green energy is ensuring growth in this sector. Energy professionals who move to New Jersey will find both career options and environmental commitment.
Considering moving to New Jersey to work in this industry? Consider homes for sale in Newark or Trenton.
