In recent years, more people have begun moving to New Jersey and commuting to their jobs in different areas of New York City, such as Manhattan. Population: 14,258Rank Last Year: 9 (Up 3)Home Price To Income Ratio: 6.3x (9th most expensive)Income To Rent Ratio: 39.3x (14th most expensive)More on Fairview: Real Estate | Data. New York is the most expensive mainland state in which you can live in the United States with an overall price parity of 115.6. The high home prices in the Garden State may mean yo… The median income in Union City comes in at $48,992 and the median home value is $340,800 for 2021. With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. 1 in 12868% lower than the US average. We aim to deliver bite-sized pieces of infotainment about where you live. The Greenville area is pretty cheap in comparison to the rest of the city, but it’s cheaper for a reason. Overall, the cost of living here is 17% lower than the New Jersey average, and housing is 44% cheaper. Princeton. But you may be able to find a place to live in New Jersey that won't break your budget. Grocery Index: 128.4. Housing Index: 147. Cost of Living. It’s an impoverished area, gang activity, crime, drugs, all that fun stuff. To help you out, we’ve rounded up 20 of the very best places to live in New Jersey… although while we promise you none come with a landfill in sight, we can’t do much about the taxes, unfortunately. The cost of living index of New Jersey was 113 for all in 2017. Movoto’s New Jersey real estate websites, including the general state website, the New homes website, the For Sale website, the Open Houses website, and the Off-market homes website all show that there is an incredible variety of housing opportunities in New Jersey. Why is New Jersey such an expensive state to live in? Alaska. It also means that New Jersey has some of the wealthiest cities in the country. Most Commonly: people choose Carolina. Here Are The 10 Cheapest Yet Great Places To Live In New Jersey 1. New buildings like 99 Hudson offer luxury living at a fraction of the cost. Cost of Goods. Editor’s Note: We updated this article for 2021. United States . Read 8 Reviews. Well there you have it, the places in New Jersey that have the highest cost of living, with Englewood Cliffs ranking as the most expensive city in the Garden State. Read more from, If you want to buy a home in the beautiful state of New Jersey, you will find that it is one of the highest residential home markets in the country. New Jersey. It’s no secret that New York City is one of the most expensive places in the world to live—but believe it or not, working in NYC doesn’t mean you have to live there. Year-over-year crime. New Jersey is often broadly divided into three geographic regions: North Jersey, Central Jersey, and South Jersey. After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in New Jersey for 2021. The largest increases were found in Transportation, Food, and Housing. 5.Great view of City. Hawaii. New Jersey is one of the most expensive states in America, according to the Economic Policy Institute. if(window.innerWidth < 700){ezoicSiteSpeed(jQuery(document), String(/documentReady/).substring(1).slice(0,-1), String(/jQuery-document-dot-ready/).substring(1).slice(0,-1), function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display", "none");$("#skip_expand").on("click", function(){$("#toc ul").toggle()});$("#toc h3").on("click", function(){$("#toc ul").toggle()});});}. Greentree. The median income in Englewood Cliffs comes in at $148,446 and the median home value is $997,100 for 2021. This proposition is unfair and a bit insulting to the men and women who have built this State. Comparison Highlights - Overall, Los Angeles, California is 18.1% more expensive than Jersey City, New Jersey - Median Home Cost is the biggest factor in the cost of living difference. Princeton cost of living. Overall Cost of Living. A single person estimated monthly costs are 1,179.61$ (851.22£) without rent. This means a higher allocation in securities, such as bonds, that won’t give you the returns of stocks but will be less volatile and provide income you can use to live on. I moved to New Jersey instead of New York because it is so expensive to live and eat. Chance of being a victim. The assumption is the sole provider is working full-time (2080 hours per year). Source: Wikipedia User Famartin | CC BY-SA 4.0 Somerdale is the most affordable place in New Jersey thanks... 2. It's increasingly expensive to live there; however, there are few better places to live in New Jersey--or anywhere else. Rent in Jersey is, on average, 53.71% higher than in United States. But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you. Source: Wikipedia (as of 04/11/2019). A single person estimated monthly costs are 1,081.34$ without rent. But my question is; How about Delaware? Paramus, NJ Housing Market. Census American Community Survey 2015-2019, Best Places To Raise A Family In New Jersey, Download The Entire New Jersey Ranking Data, Median Home Price / Median Income (lower is better), Median Income / Median Rent (Higher is better). We used science and data to determine which cities in New Jersey that will put a big dent in your wallet. It depends on where you want to live. 2020 Places with the Lowest Cost of Living in Monmouth County About this List Explore the cheapest places to live in America relative to income. To plan your day with the notion that NJ Transit's train or bus will arrive on … Stratford. Cost of living in Jersey is, on average, 35.21% higher than in United States. The cost of housing in New Jersey is more expensive than the United States average and earns a score of 2 out of 10. March 9, 2021 1:00 pm. 100National cost of living index. Total crime. New York, I love you, but you’re too expensive and that’s why I created this list of the 10 best commuter towns in NJ to NYC. Tanza Loudenback. Cost of living in Saint Helier is 23% cheaper than in New York City; Cost of living in Saint Helier is 7% more expensive than in Bristol; Cost of living in Saint Helier is 40% more expensive than in Lisbon; Cost of living in Saint Helier is about the same as in Perth; Cost of living in Saint Helier is 13% cheaper than in Dublin All rights reserved. New York vs New Jersey — we did the math on where it's cheapest for commuters to live. Property Taxes. 1. The tool provides information for individuals, and households with one or two working adults and zero to three children. In a national poll also done by the wonderful people of Gallup, only 1 in 4 New Jersey residents said their state was the best, or at least one of the best states to live in. The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. Coronavirus Tips – Working and Protection. Cost of Rents. The median income in Passaic comes in at $40,865 and the median home value is $332,700 for 2021. Parts of Manhattan are often the most expensive places to live in the U.S. Much like with Texas and California, you’ll want to dig deeper into the costs for specific areas when deciding on a move to New York. Read on for how these places had costs rise faster than inflation. An amount below 100 means Morristown is cheaper than the US average. Agnieszka Szymzak | Getty Images. Well, HomeSnacks crunched the numbers and discovered that Englewood Cliffs is the most expensive place to live in New Jersey. That would be Englewood Cliffs.the 2015-2019 American Community Survey for the 186 places in New Jersey with more than 5,000 people. New Jersey is a notoriously expensive state to live in. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. The following are collected for use in determining the cost of housing score: square footage, monthly rent, home prices, and utilities. The 10 Cheapest Places To Live In New Jersey For 2021 1. 2020 Counties with the Lowest Cost of Living in New Jersey - Niche In certain cities, this number can get even higher. Cost of living in New York. The cost of living here in The Garden State is certainly up there. That’s according to a well-being survey done by Gallup. Top that off with a median income of $87,697 (50% higher than the U.S. average) and you have a place to live that won’t destroy your paycheck each week. © 2015-2021 Chasing Chains, LLC. If you are a New Jersey resident, then you already know how expensive it is to live here. Summary about cost of living in Jersey: Family of four estimated monthly costs are 4,167.78$ (3,007.51£) without rent. If you lived in New Jersey instead of Virginia, you would: Way before MTV's Jersey Shore burned New Jersey's reputation into our brains, we were well aware of how terrible the state really is. I heartily recommend Monmouth Junction to anyone who can afford to live there. So we used that cost of living index in order to rank all of the 186 places in New Jersey that have more than 5,000 people. While there are many reasons to live in New Jersey that money can’t buy (the close-knit communities, the food, proximity to cities, beaches, and everything between), here are 7 reasons why leaving NJ for retirement might be the best financial option for you and your family:.