Situated in the northeastern and mid-Atlantic regions, the state of New Jersey holds its political and social importance, although it is densely populated and the fourth smallest state of United States. The state of New Jersey lies entirely within the combined statistical areas of Philadelphia and New York City and currently holds the rank of being the third-wealthiest state in the US. The state was, fueled with rapid growth through the process of suburbanization in the late 20th century. In early 21st century, the process of suburbanization reverted to consolidation of New Jersey's culturally diverse populace toward urban settings