HomeNew JerseyMorris County
Morris County, New Jersey: commercial real estate data.
Morris County, New Jersey had an estimated 523,053 residents on July 1, 2024, up 2.7 percent since the 2020 census base of 509,294, across 460 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Morris County
How many people live in Morris County
- Population, American Community Survey 2020-2024514,528
- 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-equivalents, Puerto Rico included143rd of 3,222
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 seriously unaffordable 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's population growing?
- Population, July 1, 2024523,053
- Census 2020 base population509,294
- Population change since the 2020 census base2.70 percent
- Population change, 2023 to 20245,315
- 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 of 3,144
The county has grown 2.70 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Morris County
Where are people moving to Morris County from?
- Tax returns filed by households arriving14,226
- People arriving, from those returns24,258
- Tax returns filed by households leaving14,978
- Net household movement-752
- Adjusted gross income arriving$2.03 bn
- Net adjusted gross income movement$-360.1 m
- Average income of an arriving household$142,777
- Average income of a leaving household$159,650
- Largest single originEssex County (1,745 households)
- Largest single destinationSussex County (970 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| 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 |
| Sussex County | 797 | 1,284 | $69.2 m |
| Union County | 722 | 1,330 | $111.5 m |
| Somerset County | 589 | 1,035 | $108.5 m |
| Middlesex County | 383 | 664 | $43.8 m |
Households arriving report $16,873 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Essex County, 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 is the Morris County economy?
- 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 the New Jersey areas BEA publishes4th of 21
- Rank by GDP among the US county areas BEA publishes73rd of 3,127
- 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
Employment by industry in Morris County
- Covered employment, annual average298,824
- Establishments reporting18,002
- Average annual pay$101,208
- Average weekly wage$1,946
- Health care and social assistance, employment44,452
- Health care and social assistance, average annual pay$78,250
- Professional, scientific and technical services, employment39,699
- Professional, scientific and technical services, average annual pay$168,298
- Retail trade, employment27,103
- Retail trade, average annual pay$46,515
- Administrative and support and waste management services, employment23,793
- Administrative and support and waste management services, average annual pay$63,051
- Accommodation and food services, employment20,988
- Manufacturing, employment18,140
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 44,452 | 2,667 | $78,250 |
| Professional, scientific and technical services | 39,699 | 2,514 | $168,298 |
| Retail trade | 27,103 | 1,561 | $46,515 |
| Administrative and support and waste management services | 23,793 | 1,352 | $63,051 |
| Accommodation and food services | 20,988 | 1,321 | $32,572 |
| Manufacturing | 18,140 | 610 | $120,128 |
| Finance and insurance | 17,947 | 940 | $188,811 |
| Wholesale trade | 13,566 | 898 | $147,623 |
Health care and social assistance is the largest private sector at 44,452 jobs, 14.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Morris County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Morris County
Building permits in Morris County
- Housing units authorized by permit, 20242,055
- Declared construction value permitted$413.7 m
- Single family units authorized864
- Multifamily units authorized1,191
- Multifamily share of units58.0 percent
- Average declared value per unit$201,308
- Units authorized per 1,000 households10.6
Multifamily is 58.0 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Morris County
SBA loans in Morris County (7(a) and 504)
- 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$1,392,000
- 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
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$550.1 m
The average approval of $524,845 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morris County
SBA lending by place in Morris County
- Borrower cities with recorded lending58
- Morristown, approvals86
- Parsippany, approvals61
- Rockaway, approvals46
- Dover, approvals44
- East Hanover, approvals44
- Randolph, approvals43
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Morristown | 86 | $34,724,700 |
| Parsippany | 61 | $46,027,900 |
| Rockaway | 46 | $24,312,500 |
| Dover | 44 | $29,672,200 |
| East Hanover | 44 | $23,397,100 |
| Randolph | 43 | $21,772,800 |
| Denville | 34 | $10,769,000 |
| Boonton | 33 | $15,626,500 |
| 50 other borrower cities | 456 | $238,240,800 |
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 large 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.
Morris County
Flood risk in Morris County
- Communities in the county in the NFIP Community Status Book36
- Of those, participating in the NFIP35
- NFIP participation rate97.2 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class6
- Radon levels in Morris County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Morris County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 5, which carries a flood insurance premium discount for policies written in that community. 97.2 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-2024514,528
- 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?
The Census Bureau estimates 523,053 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 2.70 percent since the 2020 census base of 509,294, to 523,053 on July 1, 2024. 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 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 employment by industry in Morris County?
Health care and social assistance is the largest private sector at 44,452 jobs, 14.9 percent of covered employment. Covered employment averages 298,824 jobs at an average annual pay of $101,208, or $1,946 a week. 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 totaling $444.5 m since FY2020, across 88 lenders, with a median approval of $200,000, plus 97 504 approvals worth $105.6 m since FY2010. 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.
How many building permits were issued in Morris County?
2,055 housing units were authorized 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 Essex County, with 1,745 households. Arriving households report an average income of $142,777 against $159,650 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Morris County
Cities and places in Morris.
50 Census places lie wholly or partly in Morris County. All 50 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Parsippany | CDP | 21,345 | 61 | Wholly in this county |
| Morristown | town | 20,453 | 86 | Wholly in this county |
| Dover | town | 18,563 | 44 | Wholly in this county |
| Madison | borough | 16,447 | 17 | Wholly in this county |
| Florham Park | borough | 13,564 | 31 | Wholly in this county |
| Lake Hiawatha | CDP | 11,018 | 8 | Wholly in this county |
| Pompton Plains | CDP | 10,971 | 15 | Wholly in this county |
| Lincoln Park | borough | 10,957 | 14 | Wholly in this county |
| Oak Ridge | CDP | 10,954 | 1 | 75.9 percent here, 24.1 percent Passaic County |
| Budd Lake | CDP | 10,650 | 14 | Wholly in this county |
| Lake Hopatcong | CDP | 10,259 | 8 | Wholly in this county |
| Kinnelon | borough | 10,013 | 13 | Wholly in this county |
| Succasunna | CDP | 9,799 | 15 | Wholly in this county |
| Chatham | borough | 9,407 | 20 | Wholly in this county |
| Whippany | CDP | 8,970 | 16 | Wholly in this county |
| Boonton | town | 8,854 | 33 | Wholly in this county |
| White Meadow Lake | CDP | 8,842 | None recorded | Wholly in this county |
| Flanders | CDP | 8,809 | 26 | Wholly in this county |
| Butler | borough | 8,133 | 12 | Wholly in this county |
| Wharton | borough | 7,318 | 28 | Wholly in this county |
| Rockaway | borough | 6,613 | 46 | Wholly in this county |
| Morris Plains | borough | 6,315 | 27 | Wholly in this county |
| Pine Brook | CDP | 5,961 | 18 | Wholly in this county |
| Mount Arlington | borough | 5,935 | 4 | Wholly in this county |
| Towaco | CDP | 5,612 | 14 | Wholly in this county |
| Ledgewood | CDP | 5,377 | 11 | Wholly in this county |
| Troy Hills | CDP | 5,179 | None recorded | Wholly in this county |
| Mendham | borough | 4,973 | 7 | Wholly in this county |
| Cedar Knolls | CDP | 4,882 | 8 | Wholly in this county |
| Landing | CDP | 4,737 | 8 | Wholly in this county |
| Mountain Lakes | borough | 4,585 | 9 | Wholly in this county |
| Riverdale | borough | 4,112 | 11 | Wholly in this county |
| Netcong | borough | 3,659 | 3 | Wholly in this county |
| Millington | CDP | 3,220 | None recorded | Wholly in this county |
| Mount Hope | CDP | 3,120 | None recorded | Wholly in this county |
| Gillette | CDP | 2,833 | 4 | Wholly in this county |
| Stirling | CDP | 2,599 | 4 | Wholly in this county |
| Victory Gardens | borough | 1,759 | None recorded | Wholly in this county |
| Kenvil | CDP | 1,722 | 10 | Wholly in this county |
| Long Valley | CDP | 1,720 | 8 | Wholly in this county |
| Chester | borough | 1,512 | 17 | Wholly in this county |
| Lake Telemark | CDP | 1,506 | None recorded | Wholly in this county |
| Brookside | CDP | 1,465 | 1 | Wholly in this county |
| Rainbow Lakes | CDP | 1,375 | None recorded | Wholly in this county |
| Mount Tabor | CDP | 1,184 | None recorded | Wholly in this county |
| Green Village | CDP | 1,130 | None recorded | Wholly in this county |
| Port Morris | CDP | 858 | None recorded | Wholly in this county |
| New Vernon | CDP | 743 | 2 | Wholly in this county |
| Lower Berkshire Valley | CDP | 449 | None recorded | Wholly in this county |
| Hibernia | CDP | 115 | None recorded | Wholly in this county |
A further 173 of the county's 847 SBA 7(a) approvals are to borrowers in cities that match no Census place in Morris County, the largest being East Hanover (44), Randolph (43), Denville (34). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.