HomeNew JerseyMorris County
Morris County, New Jersey: commercial real estate data.
Morris County, New Jersey has a population of 514,528 across 460 square miles, up 2.7 percent since the 2020 census base. County output reached $74.40 bn in 2024, 16,518 establishments operate here, and the SBA record carries 847 7(a) approvals worth $444.5 m.
123 sourced county values · tier FULL · 11 sections
Morris County
How many people live in Morris County
- Population514,528
- Households193,245
- Average household size2.66
- Median household income$137,326
- Median age42.6
- Median gross rent$1,904 per month
- Median owner-occupied home value$582,500
- Home value to household income4.2 times
- Annual rent as a share of median income16.6 percent
- Adults 25 and over with a bachelor degree or higher57.8 percent
- Adults 25 and over with a graduate degree24.1 percent
- Adults 25 and over366,541
- Population under 18106,211
- Share under 1820.6 percent
- Population 65 and over93,627
- Share 65 and over18.2 percent
- Working age population, 18 to 64314,690
- Civilian labor force288,525
- Unemployment rate5.2 percent
- Labor force participation, adults 18 and over70.7 percent
- Rank by population among New Jersey counties10th of 21
- Rank by population among US county-equivalents143rd
Morris County is the 10th largest of 21 New Jersey counties by population. A median home costs 4.2 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 20.6 percent against 18.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Morris County
Is Morris County growing
- Population change since the 2020 census base2.70 percent
- Census 2020 base population509,294
- Births, 20245,048
- Deaths, 20243,939
- Natural change, 20241,109
- Net domestic migration, 2024-757
- Net international migration, 20244,979
- Total net migration, 20244,222
- Cumulative net domestic migration, 2021 to 2024-1,612
- Rank by growth among US county-equivalents953rd
The county has grown 2.70 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Morris County
Where people moving to Morris County come from
- Tax returns filed by households arriving14,226
- People arriving, from those returns24,258
- Adjusted gross income arriving$2.03 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$142,777
- Largest single originMorris County Non-migrants (202,773 households)
- Largest single destination (202,773 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Morris County Non-migrants | 202,773 | 418,349 | $37.34 bn |
| Other flows - Different State | 1,983 | 3,163 | $262.8 m |
| Essex County | 1,745 | 3,140 | $254.1 m |
| Passaic County | 1,440 | 2,542 | $135.1 m |
| Bergen County | 1,355 | 2,480 | $155.4 m |
| Hudson County | 1,103 | 2,038 | $190.8 m |
| Other flows - South | 879 | 1,396 | $94.9 m |
| Sussex County | 797 | 1,284 | $69.2 m |
The largest single source of arrivals is Morris County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Morris County
What the Morris County economy runs on
- County GDP, 2024$74.40 bn
- County GDP, 2023$71.34 bn
- GDP change, 2023 to 20244.3 percent
- GDP change over five years29.4 percent
- Rank by GDP among New Jersey counties4th
- Rank by GDP among US county-equivalents73rd
- GDP per resident$144,589
Output grew 4.3 percent in the latest year and 29.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Morris County
Who employs people in Morris County
- Covered employment, annual average298,824
- Establishments reporting18,002
- Average annual pay$101,208
- Average weekly wage$1,946
- Sector 62, employment44,452
- Sector 62, average annual pay$78,250
- Sector 54, employment39,699
- Sector 54, average annual pay$168,298
- Sector 44-45, employment27,103
- Sector 44-45, average annual pay$46,515
- Sector 56, employment23,793
- Sector 56, average annual pay$63,051
- Sector 72, employment20,988
- Sector 31-33, employment18,140
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 44,452 | 2,667 | $78,250 |
| Sector 54 | 39,699 | 2,514 | $168,298 |
| Sector 44-45 | 27,103 | 1,561 | $46,515 |
| Sector 56 | 23,793 | 1,352 | $63,051 |
| Sector 72 | 20,988 | 1,321 | $32,572 |
| Sector 31-33 | 18,140 | 610 | $120,128 |
| Sector 52 | 17,947 | 940 | $188,811 |
| Sector 42 | 13,566 | 898 | $147,623 |
The largest sector is the biggest private employer group at 44,452 jobs, 14.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Morris County
What businesses operate in Morris County
- Establishments, all industries16,518
- Employment at those establishments301,249
- Annual payroll$29.80 bn
- Establishments per 1,000 residents32.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Morris County
What is being built in Morris County
- Housing units authorised by permit, 20242,055
- Declared construction value permitted$413.7 m
- Single family units authorised864
- Multifamily units authorised1,191
- Multifamily share of units58.0 percent
- Average declared value per unit$201,308
- Units authorised per 1,000 households10.6
Multifamily is 58.0 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Morris County
How much SBA lending happens in Morris County
- 7(a) approvals recorded847
- 7(a) gross approval dollars$444.5 m
- Average 7(a) approval$524,845
- Median 7(a) approval$200,000
- 10th percentile approval$25,000
- 90th percentile approval$1,405,500
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)8,718
- Jobs per approval10.3
- Distinct 7(a) lenders active88
- Distinct industries receiving approvals241
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer12.2 percent
- Loans on real estate terms103
- Loans on working capital terms, 120 months or shorter687
- Franchise loans118
- Franchise share of approvals13.9 percent
- Leading industry by approval countFull-Service Restaurants (38)
- Most active lenderTD Bank, National Association (210)
- 504 approvals recorded97
- 504 gross approval dollars$105.6 m
- Average 504 approval$1,088,423
- Median 504 approval$694,000
- Distinct CDCs active6
- 504 jobs per approval12.5
- 504 jobs per million dollars approved11.5
- Most active CDCTrenton Business Assistance Corporation (42)
- 7(a) share of SBA approvals89.7 percent
- Combined SBA approval dollars$550.1 m
The average approval of $524,845 sits well above the median of $200,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 12.2 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morris County
Do SBA loans in Morris County get paid back
- Loans with a final outcome recorded164
- Paid in full145
- Charged off19
- Charge off rate on resolved loans11.6 percent
- Status: Cancelled138
- Status: Exempt from disclosure492
- Status: Paid in full145
- Status: Charged off19
- Status: Committed, not yet disbursed53
Of the 164 loans that have reached a final outcome, 11.6 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morris County
Which parts of Morris County get the lending
- Places in the county with recorded lending58
- Morristown, approvals86
- PARSIPPANY, approvals61
- ROCKAWAY, approvals46
- East Hanover, approvals44
- Dover, approvals44
- Randolph, approvals43
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Morristown | 86 | $34,724,700 |
| PARSIPPANY | 61 | $46,027,900 |
| ROCKAWAY | 46 | $24,312,500 |
| East Hanover | 44 | $23,397,100 |
| Dover | 44 | $29,672,200 |
| Randolph | 43 | $21,772,800 |
| DENVILLE | 34 | $10,769,000 |
| Boonton | 33 | $15,626,500 |
Morristown accounts for 86 approvals against 61 in PARSIPPANY. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morris County
How big is Morris County
- Land area460 sq mi
- Rank by land area among New Jersey counties7th of 21
- Width, east to west32.4 mi
- Height, north to south30.1 mi
- Geographies sharing a boundary7
- Residents per square mile of land1,119
- Establishments per square mile35.91
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Morris County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Morris County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population514,528
- Households193,245
- Average household size2.66
- Median household income$137,326
- Median age42.6
Common questions
Morris County questions, answered from the record.
How many people live in Morris County, New Jersey?
514,528, in 193,245 households, ranking 10th of 21 New Jersey counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Morris County growing?
The population has grown 2.70 percent since the 2020 census base. In 2024 there were 5,048 births against 3,939 deaths, with net migration of 4,222. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morris County?
$137,326. The median owner-occupied home is valued at $582,500, which is 4.2 times income, and median gross rent is $1,904 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Morris County?
16,518 establishments, employing 301,249 people with an annual payroll of $29.80 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Morris County?
Average annual pay is $101,208, or $1,946 a week, across 298,824 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Morris County?
847 7(a) approvals totalling $444.5 m since FY2020, across 88 lenders, with a median approval of $200,000, plus 97 504 approvals worth $105.6 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Morris County get paid back?
Of the 164 loans that have reached a final outcome, 145 were paid in full and 19 charged off, a charge off rate of 11.6 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Morris County?
2,055 housing units were authorised by permit in 2024, with a declared construction value of $413.7 m. Multifamily was 58.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morris County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Morris County come from?
The largest single origin is Morris County Non-migrants, with 202,773 households. Arriving households report an average income of $142,777 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Morris County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Morris County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.