New Jersey has an abundance of rental residential homes available, followed by apartments, condos, townhouses, and waterfront homes for rent. The state has a higher than average cost of living and offers proximity to New York City and Philadelphia. New Jersey is also known as the second wealthiest state in the U.S.
Hudson County is home to Jersey City and a diverse population. It has a history of immigration and urbanization, which led to industrial, commercial, and residential growth. Many businesses make their home in this county. In particular, television producers base their operations in Hudson County because of tax credits offered. Middlesex County is known as a hub to major economic sectors. In education, the county is home to Rutgers University and Princeton University. There is a large selection of healthcare options and major non-governmental employers have based their operations here. Essex County is home to Newark, its county seat and also part of the New York metropolitan area. Newark is also New Jersey's largest city and is home to several universities and corporate headquarters. Its neighborhoods range from urban districts to suburban areas. Arts and culture thrive as well as media and communications. Lastly, the city is also a major sports hub as well as a transportation center for air, rail, and shipping.
New Jersey is renowned for its affluence and has a multifaceted economy that includes pharmaceuticals, finance, chemicals, telecommunications, electric equipment, food processing, printing and publishing, and tourism. The state also has a strong agricultural economy, primarily in nursery stock, vegetables, fruits, nuts, horses, seafood, and dairy. Shipping is also strong, particularly because of activity at the Port of New York and New Jersey. Johnson & Johnson and Merck are the largest life sciences employers and Bank of America leads the pack in financial services. Verizon and AT&T are major information technology employers while UPS and United are the largest logistics and transportation employers. Wakefern Food is a large manufacturing employer and in the utilities sector, Public Service Electric & Gas (PSE&G) has the most employees.