The total amount of properties with foreclosure filings in the state of New Jersey is currently about 63,208 properties, averaging out to one filing for every 55 households, close to the United States average of 45. This is a little less than two percent of the state's housing units.
New Jersey is the 11th largest U.S. state by population, with 8,707,739 people, but the most dense state in the nation. Its 8,729 square miles make it the 47th largest state by area. The median household income is $70,378, the highest in the nation. The total gross state product is about $487 billion.
New Jersey's median household income is among highest in the U.S. A lot of New Jersey's wealthiest residents don't work in the state though—they commute to New York City or Philadelphia each day. Combine that with the fact that New Jersey's highways are a pipeline to some of the largest cities in the country, and you can readily see why transportation is so important to the state's economy. There is also a substantial amount of manufacturing, particularly of chemicals, pharmaceuticals and machinery.