Editing Morris County, New Jersey (section)

==Economy==
[[Image:Morristown smart growth.jpg|thumb|200px|right|"[[Smart Growth]]" in [[Walkability|pedestrian-oriented]] [[Morristown, New Jersey|Morristown]]]]
Morris County has the third-highest [[median household income]] in the United States ($77,340).<ref>{{cite web |url=https://factfinder.census.gov/home/saff/main.html?_lang=en |title=American FactFinder |publisher=Factfinder.census.gov |access-date=August 9, 2011 |archive-url=https://web.archive.org/web/20110810100515/http://factfinder.census.gov/home/saff/main.html?_lang=en |archive-date=August 10, 2011 |url-status=dead }}</ref>

The [[Bureau of Economic Analysis]] calculated that the county's [[gross domestic product]] was $51.2&nbsp;billion in 2021, which was ranked third in the state and was a 5.0% increase from the prior year.<ref>[https://www.bea.gov/sites/default/files/2022-12/lagdp1222.pdf Gross Domestic Product by County, 2021], [[Bureau of Economic Analysis]], released December 8, 2022. Accessed July 17, 2023.</ref>

===Taxation===
Based on [[Internal Revenue Service|IRS]] data for the 2004 tax year, Morris County had the tenth-highest average federal income tax liability per return in the country. Average tax liability was $15,296, representing 16.3% of [[adjusted gross income]].<ref>[http://money.aol.com/cnnmoney/tax/canvas3/_a/biggest-income-tax-burdens-top-10-places/20070214111009990001 Biggest Income Tax Burdens: Top 10 Places] {{Webarchive|url=https://web.archive.org/web/20081216115300/http://money.aol.com/cnnmoney/tax/canvas3/_a/biggest-income-tax-burdens-top-10-places/20070214111009990001 |date=December 16, 2008 }}, [[CNN Money]]. Accessed April 28, 2007.</ref> Mountain Lakes ranked among the highest annual [[property tax]] bills in New Jersey, and highest in Morris County, in 2018 of $20,471, compared to a statewide average of $8,767.<ref>{{Cite web|url=https://www.nj.com/politics/2019/04/these-are-the-towns-with-the-highest-property-taxes-in-each-of-njs-21-counties.html|title=These are the towns with the highest property taxes in each of N.J.'s 21 counties|first=Samantha|last=Marcus|date=April 22, 2019|website=nj.com}}</ref>

===Business===
[[File:Morristown.Memorial. Hospital.JPG|right|thumb|[[Morristown Medical Center]] is the flagship of [[Atlantic Health System]]]]

Morris County is home to 33 [[Fortune 500]] businesses that have headquarters, offices or a major facility in Morris County. These include [[AT&T Inc.|AT&T]], [[Honeywell]], [[Colgate-Palmolive]], [[Pfizer]], [[Johnson & Johnson]], [[ExxonMobil]], [[Novartis]], [[BASF]], [[Verizon]], and [[Bayer]], among others.<ref>{{cite web |url=http://www.homes101.net/buying-a-home/new-jersey/morris-township/c403/?aid=1382200 |title=Buying a home in Morris Township |publisher=Homes101.net |date=March 1, 2006 |access-date=August 9, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110807104402/http://www.homes101.net/buying-a-home/new-jersey/morris-township/c403/?aid=1382200 |archive-date=August 7, 2011 }}</ref> Major industries include finance, insurance, real estate, pharmaceuticals, health services, research and development, and technology. There are {{convert|13,000|acre|mi2}} set aside for 28 county parks. Four county golf courses and 16 public and private courses are in Morris.

{{multiple image
 | align     = right
 | direction = vertical
 | image1    = Downtown Madison NJ.JPG|thumb|left|Downtown [[Madison, New Jersey|Madison]]
 | width1    = 
 | caption1  =
 | image2 = ChathamBoro.jpg|thumb|[[Chatham Borough, New Jersey|Chatham]], one of many [[Walkability|pedestrian-oriented]] municipal commercial centers in Morris County
 | width2    = 
 | caption2  = The Downtowns in [[Madison, New Jersey|Madison]] (above) and [[Chatham Borough, New Jersey|Chatham]] (below) are among the many [[Walkability|pedestrian-oriented]] commercial centers in Morris County}}

Major employers in the county include:<ref name=ChooseNewJersey/>

{| class="wikitable sortable"
|-
! #
! Employer
! # of employees
|-
|1
|[[Novartis]]
|5,000+
|-
|2
|[[Atlantic Health System]]
|2,500–4,999
|-
|3
|[[Louis Berger Group]]
|2,500–4,999
|-
|4
|[[Picatinny Arsenal]]
|2,500–4,999
|-
|5
|[[Saint Clare's Hospital at Boonton Township|Saint Clare's Hospital Inc.]]
|2,500–4,999
|-
|6
|[[United Parcel Service|UPS Logistics]]
|1,000–2,499
|-
|7
|[[Avis Budget Group]]
|1,000–2,499
|-
|8
|[[BASF]] Chemicals
|1,000–2,499
|-
|9
|[[Automatic Data Processing|ADP Services]]
|1,000–2,499
|-
|10
|[[AT&T]] Info Tech
|1,000–2,499
|}

===Housing expense===
[[Image:MtnLakes 171Blvd.jpg|thumb|left|200 px|An early 1900s [[Arts and Crafts movement|Arts and Crafts]] influenced Hapgood home located on Boulevard in [[Mountain Lakes, New Jersey|Mountain Lakes]]]]
[[File:SmokeRiseEastGate 0189.jpg|thumb|right|200 px|East Gate Entrance to [[Smoke Rise (community)|Smoke Rise]], an upscale private gated community located in [[Kinnelon, New Jersey|Kinnelon]]]]
[[Image:Chester Township.JPG|thumb|left|200 px|A [[Federal architecture|Federal-style]] [[American colonial architecture|Colonial home]] located in [[Chester Township, New Jersey|Chester Township]]]]

In 2018, the median house price in Morris County was $469,900, the second highest in the state behind [[Bergen County, New Jersey|Bergen County]] (with a median home price of $476,200).<ref name="morriscountynj.gov">{{Cite web |url=https://morriscountynj.gov/wp-content/uploads/2020/01/2020-Demograhics-and-Trends.pdf |title=Archived copy |access-date=March 29, 2020 |archive-date=March 29, 2020 |archive-url=https://web.archive.org/web/20200329223435/https://morriscountynj.gov/wp-content/uploads/2020/01/2020-Demograhics-and-Trends.pdf |url-status=dead }}</ref>

In the ''[[Forbes]]'' magazine 2012 ranking of the ''Most Expensive ZIP Codes in the United States'', [[New Vernon, New Jersey|New Vernon]] (located within [[Harding Township, New Jersey|Harding Township]]) was ranked as the 32nd most expensive in the country, with a median home sale price of $2,701,885. There were a total of 6 Morris county zip codes listed in the top 500, which were [[Mountain Lakes, New Jersey|Mountain Lakes]] (No. 288; $909,474), [[Mendham Township, New Jersey|Mendham]] (includes both [[Mendham Borough, New Jersey|Mendham Borough]] and [[Mendham Township, New Jersey|Mendham Township]]) (No. 356; $800,672), [[Chatham, New Jersey|Chatham]] (includes both [[Chatham Borough, New Jersey|Chatham Borough]] and [[Chatham Township, New Jersey|Chatham Township]]) (No. 375; $776,703), [[Florham Park, New Jersey|Florham Park]] (No. 440; $675,107), and [[Kinnelon, New Jersey|Kinnelon]] (No. 462; $630,414).<ref>Brennan, Morgan. [https://www.forbes.com/special-report/2012/1016_zip-codes.html "America's Most Expensive Zip Codes 2012"], ''[[Forbes]]'', October 16, 2012. Accessed September 17, 2013.</ref>

In the magazine's 2006 listing, [[New Vernon, New Jersey|New Vernon]] ([[Harding Township, New Jersey|Harding Township]]) was ranked as the 23rd most expensive in the country, with its median home sale price in 2005 of $1,596,587 ranking as the state's 2nd highest behind [[Alpine, New Jersey|Alpine]] located in [[Bergen County, New Jersey|Bergen County]]. In all, 5 Morris County zip codes were represented on the list in addition to [[New Vernon, New Jersey|New Vernon]], including [[Mendham Township, New Jersey|Mendham]] (includes both [[Mendham Borough, New Jersey|Mendham Borough]] and [[Mendham Township, New Jersey|Mendham Township]]) (ranked No. 209; median sale price of $835,000), [[Mountain Lakes, New Jersey|Mountain Lakes]] (No. 217; $826,250), [[Green Village, New Jersey|Green Village]] (located within portions of both [[Harding Township, New Jersey|Harding Township]] and [[Chatham Township, New Jersey|Chatham Township]]) (No. 282; $777,465), and [[Chester Township, New Jersey|Chester]] (includes both [[Chester Borough, New Jersey|Chester Borough]] and [[Chester Township, New Jersey|Chester Township]]) (No. 288; $775,000).<ref>[http://images.forbes.com/lists/2006/7/NJ_Rank_1.html "Most expensive ZIP codes 2006: New Jersey"], ''[[Forbes]]'', April 24, 2006. Accessed September 17, 2013.</ref>