The average cost to move to New Jersey is about $4,800 for a 1000 mile relocation to a 2 to 3 bedroom home with an average of around 7,000 pounds of personal belongings. If you’re making a local move, you can cut that down to about $1,200 to $1,500.
Is it expensive to move to New Jersey?
One of the only downsides of moving to New Jersey is the high cost of living. It costs about 20% more than the national average to live there. But if you’re on a budget, you can relocate to a more affordable part of the Garden State to save money. Here are ten of the best, cheapest places to live in New Jersey.
Is it costly to live in New Jersey?
New Jersey is a notoriously expensive state to live in. It’s home to two of America’s wealthiest counties, Hunterdon County and Somerset County, and they’re not the only New Jersey locales with high home prices. According to NeighborhoodScout, the median home value in New Jersey is $418,500 in March 2022.
How much money do I need 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 |
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.
What is the cheapest city to live in NJ?
Most Affordable Places to Live in New Jersey
- Hightstown.
- New Brunswick.
- Phillipsburg.
- Pompton Lakes.
- Rahway.
- Toms River.
Is moving to New Jersey a good idea?
Diverse neighborhoods, low crime rates, good schools, and top-notch infrastructure contribute to making the towns a safe bet to live in New Jersey. New Jersey is the most urbanized state in the US, where almost every part is urban.
How much do jobs pay in New Jersey?
New Jersey Jobs by Salary
| Job Title | Range | Average |
|---|---|---|
| Job Title:Project Manager, (Unspecified Type / General) | Range:$54k – $129k | Average:$83,675 |
| Operations Manager | Range:$49k – $118k | Average:$72,760 |
| Software Engineer | Range:$66k – $129k | Average:$87,640 |
| Office Manager | Range:$37k – $74k | Average:$53,510 |
Where is the cheapest and safest place to live in New Jersey?
And here are the 10 most affordable places to live in New Jersey, according to SmartAsset:
- Pomona (Galloway Township), Atlantic County.
- Gloucester City, Camden County.
- Twin Rivers (East Windsor Township), Mercer County.
- Stratford, Camden County.
- Ramtown (Howell Township), Monmouth County.
- Berlin Borough, Camden County.
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.
What is a comfortable salary in NJ?
How much does a Comfortable make in New Jersey? As of Aug 5, 2022, the average annual pay for the Comfortable jobs category in New Jersey is $44,025 a year. Just in case you need a simple salary calculator, that works out to be approximately $21.17 an hour. This is the equivalent of $847/week or $3,669/month.
What is the average hourly wage in NJ?
$24
Hourly Rate Salary in New Jersey
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $83,037 | $40 |
| 75th Percentile | $51,022 | $25 |
| Average | $49,262 | $24 |
| 25th Percentile | $29,513 | $14 |
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 is the tax in New Jersey?
6.625 percent
New Jersey has a 6.625 percent state sales tax rate, a max local sales tax rate of 3.313 percent, and an average combined state and local sales tax rate of 6.60 percent. New Jersey’s tax system ranks 50th overall on our 2022 State Business Tax Climate Index.
Are groceries expensive in NJ?
On average, grocery costs are about 5.8% more expensive in New Jersey than the national average. That means shoppers will pay about $106 for a cart of food that may cost $100 in other communities.
How much do utilities cost in NJ?
According to an article published by SmartAsset in 2019, the average monthly energy bill in New Jersey is approximately $102.38 — which is $9 cheaper than the average throughout the United States. However, utility bills for New Jersey residents do tend to be higher if they live in cities.
What salary is middle class in NJ?
The overall average in New Jersey for what is considered to be middle class income for a family of four is between $60,000 and $177,000 a year.
Where are houses the cheapest in NJ?
What N.J. towns are the most affordable to live in?
- Clayton, Gloucester County. Average closing costs: $3,493.
- Beachwood, Ocean County.
- Gloucester City, Camden County.
- Franklin Park, Somerset County.
- Hopatcong, Sussex County.
- Palmyra, Burlington County.
- Audubon, Camden County.
- Pitman, Gloucester County.
Why doesn’t NJ let you pump your own gas?
Full-service gas stations played up safety hazards around self-service, arguing that untrained drivers would overfill their tanks and start a fire. With support from local fire marshals, gas stations lobbied state legislators to pass bans on self-service.
What are the negatives of living in New Jersey?
Disadvantages of Living In New Jersey
- High Taxes. The garden state is known for imposing higher taxes than any other state in the region.
- Poor Weather for 3 months.
- High Cost of Living.
- 1% Mansion Tax.
What do I need to know before moving to New Jersey?
Four Things You Should Know Before Moving to New Jersey
- New Jersey Is Home to Inclement Weather. New Jersey can have scorching summers with temperatures ranging from 90 degrees to 105 degrees Fahrenheit.
- You Will Not Be Able to Pump Your Own Gas.
- You Can Bring Your Own Bottle.
- No Left Turns.