Commercial Banking in New Jersey

Commercial Banking (NAICS 522110) in New Jersey reports 53,658 workers across 2,202 establishments, with N/A of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 3.3% of national employment for this industry, a concentration ratio that tells you whether New Jersey is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale. New Jersey accounts for 2.7% of the national Commercial Banking establishment count (2,202 of 82,989), according to Census County Business Patterns.

Wage benchmarking is where state-level data earns its keep. Average payroll per employee data is partial for this state-industry combination; use the Compare to National Average panel below for the fields that are reported.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Commercial Banking is not reported, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size, both shown above. For a complete picture, pair this state-industry view with the Commercial Banking national page (entity structure, SBA lending, sub-industries) and the New Jersey overview (top employers, payroll dispersion across industries).