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QuantaLoan Market Research

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Essex
  The population of Essex county is estimated at 803,876 where 484,449 speak English exclusively and 15,804 speak primarily in another language. In 2017 there were 10,170 births and 6,252 deaths in Essex county. Essex county has 97,293 housing units that are owned with a mortgage or a loan, 31,053 that are owned free and clear and 155,366 that are renter occupied.


  The good residents of Essex County filed 372,130 federal tax returns in 2017. This amount represents 8.5% of all New Jersey filings and 0.250% of the entire nation. Essex had an incredible combined total federal tax liability of $6,774,637,000 on earned income of $32,388,612,000. Other notable statistics from Essex County were 18,910 unemployment claims which collected a total of $118,187,000 and 111,290 charitable contributions valued at $710,359,000. 99,900 filings from Essex County paid a combined total of $1,273,797,000 in property taxes and 79,770 filings paid $791,931,000 on mortgage interest costs.

  In 2010 Essex county had 608 religious congregations with an estimated 444,696 members.

34.0% of the Essex population has a college level Bachelors degree or higher. 14.7% have less than a highschool diploma level education.


Approximately 37% of Essex County voted in the presidential election of 2016. This is an increase from the 2012 election by 18,175 votes.

At $60,284 the median income is 75.3% of the New Jersey average. An estimated 21,014 people claimed to be unemployed last year in Essex, the equivalant of around 5.7% of the county population. This represents a decrease in the level of unemployment from the previous year's value of 6.0%.


Top 15 Industries in Essex County.
Total # EmployedIndustry Job Type
53,168Health care and social assistance
29,251Transportation and warehousing
28,745Professional, scientific, and technical services
26,114Retail trade
25,927Finance and insurance
20,633Accommodation and food services
20,619Administrative and support and waste management and remediation services
19,295Administrative and support services
18,779Food services and drinking places
18,105Insurance carriers and related activities
18,025Ambulatory health care services
17,556Manufacturing
17,433Hospitals
15,945General medical and surgical hospitals
14,988Insurance carriers


In 2018 the average price reduction was 4.31% in Essex County (averaging across 17 zip codes a sample of which are; 7052 and 7050).

In 2018 11.13% of listings in Essex County (averaging across 25 zip codes a sample of which are; 7003, 7042, 7079 and 7052) dropped their price.


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