Summary about cost of living in Jersey City, NJ, United States: Family of four estimated monthly costs are 3,904$ without rent. A single person estimated monthly costs are 1,060$ without rent.
What’s the cost of living in Jersey City?
Jersey City’s housing expenses are 79% higher than the national average and the utility prices are 5% higher than the national average. Transportation expenses like bus fares and gas prices are 7% higher than the national average. Jersey City has grocery prices that are 10% higher than the national average.
Is it cheaper to live in Jersey City than NYC?
Newark and Jersey City are both generally cheaper than New York City’s outer boroughs — with the exception of Hoboken, which rivals Manhattan in costliness — despite New Jersey boasting the highest property tax rate in the country.
How much does it cost per month to live in NJ?
New Jersey Housing Costs
The typical renter in New Jersey spends $1,295 a month on housing, $272 more than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $1,098, while the typical rent for a unit with five or more bedrooms is $1,920.
How much should I make to live in NJ?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $34,445 | $71,988 |
| Annual taxes | $8,330 | $18,358 |
| Required annual income before taxes | $42,775 | $90,346 |
Where is the lowest cost of living in the US?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Is it cheaper to live in Texas or New Jersey?
The cost of living in Texas is only slightly higher than the national average, but with lower unemployment rates, it makes Texas an attractive place to live for many. It is certainly more affordable than New Jersey, with Dallas coming in around 45% cheaper than Jersey City and Houston nearly 52% cheaper.
Is Jersey City cheaper than Hoboken?
Real estate: Because it is more compact and had its big development boom in the 1990s, apartment prices in Hoboken tend to be a bit higher than in Jersey City (though some agents say prices per square foot downtown and on the waterfront in Jersey City have surpassed Hoboken).
Is Jersey City safe to live in?
The chance of becoming a victim of either violent or property crime in Jersey City is 1 in 57. Based on FBI crime data, Jersey City is not one of the safest communities in America. Relative to New Jersey, Jersey City has a crime rate that is higher than 82% of the state’s cities and towns of all sizes.
Should I move to Jersey City?
Thankfully, Jersey City tends to rank well in terms of both safety and affordability. However, keep in mind that, like most cities, how safe and affordable an area depends on the part of town you’re in. This means it’s important to do your research before committing to a community.
What is a comfortable salary in NJ?
New York and New Jersey came in at fourth-highest. The survey determined that an individual needs to make an annual salary of $66,434 after taxes to live comfortably live in New York and New Jersey.
What is the cheapest place to live in New Jersey?
Most Affordable Places to Live in New Jersey
- Hightstown.
- New Brunswick.
- Phillipsburg.
- Pompton Lakes.
- Rahway.
- Toms River.
Is Jersey expensive to live?
Cost of living in Jersey can be high compared to other countries, although salaries are often comparably higher too.
What is considered rich in NJ?
$250,000
If you have an annual salary of above $250,000, then congratulations, you are considered rich in New Jersey. The Garden State is one of only 8 states that need at least a $250,000 annual salary to be considered rich.
What is considered low income in NJ?
By Carla Astudillo | NJ Advance Media for NJ.com
A New Jersey family of four in 2018 has to earn $71,900 a year or less to be considered low-income, according to the Department of Housing and Urban Development — an almost six percent increase from last year.
How much do you need to make to afford rent in NJ?
The average cost of rent in New Jersey is $1,465 — the seventh most expensive in the nation — and residents would need to earn $28.17 an hour to afford it. The current minimum wage is $8.60 an hour.
Where is the nicest but cheapest place to live?
Here are the top 10 most affordable cities to live in the U.S., according to the Council for Community and Economic Research’s Cost of Living report.
- Cedar Park, Texas.
- Midland, Texas.
- Ogden, Utah.
- Raleigh, North Carolina.
- Provo, Utah.
- Des Moines, Iowa.
- Austin, Texas.
- Minneapolis, Minnesota.
What is the best state to live in financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.
What state has the lowest average rent?
North Dakota has the nation’s lowest average rent, at just $826 a month, a 3% increase from the previous year.
Should I move to New Jersey?
According to U.S. News & World Report 2019-2020, New Jersey ranked #4 for the lowest property crime and violent crime rates. If you already have kids or are thinking about starting a family, we’re sure safety is a top priority for you. New Jersey suburbs also offer much more indoor and outdoor living space than a city.
Is NJ better than Texas?
In January, WalletHub ranked New Jersey as the 10th best state in the country for education, while Texas finished just out of the bottom 10 at number 39. With a total score of 64.60, New Jersey was found to be significantly better in both “Educational Attainment” and “Quality of Education.”