Middletown Economy Guide: Top Industries, Biggest Employers & Work Opportunities [2024]

Middletown Economy Guide

Middletown is a beautiful place to live, filled with beaches, parks, and historical sites, all within a short distance from New York City. Anyone moving to Middletown may be curious about how the area's top employers and most popular industries will support their job search. Knowing the economy of a new town can help you adjust to a move easily and adapt to your new surroundings quickly. It allows you to understand the employers, industries, and opportunities of a new area while also helping you learn about the history of the area's economics. Curious about the economy in Middletown Township? Here's everything you need to know.

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Top Employers Near Middletown

Largest Employers in Middletown, NJ

Middletown schools, both public and private, are some of the biggest employers in the area. Teachers and administrators are some of the typical jobs available in the area, as well as professors and staff members in the colleges near Middletown, like Monmouth University. There is also a significant number of jobs in the financial field and business and office jobs. These types of jobs also include roles for lawyers, real estate agents, and insurance agents.

Other major employers in the area are Hackensack Meridian Health, Monmouth Medical Center, and CentraState Healthcare Inc. These medical facilities employ many doctors, nurses, administrators, and other healthcare professionals. While not in the heart of Middletown, these facilities are only a short drive away in the nearby town of Wall and Freehold Township.

Additional Large Companies Near Middletown

  • Visiting Nurse Association Health Group
  • Food Circus Supermarkets Inc.
  • Commvault
  • Erickson Living - Seabrook Village

Information via VisitMonmouth.com

Is Middletown a Good Place to Start a Business?

Middletown is a very business-friendly community, with many local restaurants, coffee shops, retail stores, and other small businesses. It's an active community filled with shoppers and residents who want to go out and support their local businesses. The city also has a "Takeout Thursday" initiative to promote small businesses and help the community find local businesses that offer food.

In addition, there is also a small business resource center in Middletown to help new businesses in the area utilize available funds and take advantage of potential grants from the government. The public library also provides resources for small businesses to help set them up for success. The Township Committee helps small businesses give back to residents and promote the different businesses to people interested in the services offered.

Middletown Economy Facts and Figures

Economy in Middletown, NJ

Having different statistics, figures, facts, and other information about an area's local economy can help you understand more about the area you are moving to. This information can help you feel more settled and learn about what makes the area unique and exciting. Here are a few facts about the Middletown economy that you might find enlightening:

  • The unemployment rate in Middletown is 6.4%
  • The sales tax rate is 6.6%, which is lower than the national average of 7.3%
  • The income tax rate in Middletown is 5.5%
  • The average salary in Middletown is $46,998 per year
  • The median household income in Middletown is $119,013
  • The workforce of Middletown is around 66% of the total population
  • The total population of Middletown is around 67,000 people
  • Most people in Middletown live under 40 minutes from their jobs
  • There are around 24,150 households in Middletown
  • 85% of residents in Middletown own their own homes
  • Home values are around $433,800 on average
  • Roughly 1,638 people are living in Middletown for every square mile

Middletown Industries

Middletown is the largest municipality in Monmouth County, but the other local areas also have significant populations, especially in the town of Howell and the city of Marlboro. The county's top industries begin with healthcare, primarily the Hackensack Meridian Health System and CentraState Healthcare Inc. The RWJ Barnabas Monmouth Medical Center is another regional healthcare employer.

Top Industries in Middletown, NJ

Outside of healthcare, there is also a significant percentage of the population in the supermarket retail industry. Saker Shoprites Inc. has its headquarters in the city of Edison, just a short drive from Middletown. There are also many retail stores and chains in Middletown where a portion of the population works. Besides the large chain stores, there are also opportunities to work in local businesses such as restaurants, bars, coffee shops, and boutiques. These businesses require a strong and dedicated community workforce to succeed.

Information technology and telecommunications are other significant industries in Middletown. Companies like Bell Labs, Verizon Wireless, AT&T Communications, Commvault, and Vonage all have facilities that employ many people living in Middletown. In addition, these facilities are also the source of many groundbreaking innovations that drive additional work needs.

Central New Jersey is a hub for the manufacturing, and Middletown is no exception. There are many production facilities and factories in the area, hiring for roles like entry-level workers and high-level management. These manufacturing facilities are located a short way from Middletown in other places like Edison and Linden. Companies like Ford Motor Company, General Motors, Hess Corporation, Siemens, and the Kiely Family of Companies have major operational facilities nearby.

The tourism and parks industry is another major player in the area. The history of Middletown and the surrounding areas brings in many tourists, and the beaches and other natural areas attract even more visitors. These areas are managed by teams of employees who work for the state and help promote tourism in Middletown.

Top Industries in Middletown

  • Health Care & Social Assistance
  • Finance & Insurance
  • Retail Trade
  • Educational Services
  • Professional, Scientific, Technical Services
  • Construction
  • Manufacturing

Explore Your Economic Opportunities in Middletown

Moving to Monmouth County is exciting, especially once you know the economic landscape of your new city. Even if you have a job set up, the available employment opportunities and other economic factors of the area might be outside of your available knowledge. By taking the time to understand the area where you are going to live, you can make the transition to feel at home in your new city easier.

Middletown has many opportunities for people who want to start a new business, get a job at a hospital or medical center, or work for an established business or big brand name. With great employment opportunities and living options like waterfront homes, condos, and townhomes, there's no reason why Middletown shouldn't become your new home. Enjoy a better life in Middletown and experience the economic opportunities for yourself—your Middletown real estate experts will help you get started!

Want to call Middletown home? Call The Dekanski Home Selling Team of RE/MAX 1st Advantage with New Jersey Real Estate Network at (800) 691-0485 to connect with experienced real estate agents and find your dream Middletown Township home today.

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