Housing costs in Jersey City?
A typical home costs
$428,400, which is 26.7% more expensive than the national average of
$338,100 and 0.9% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Jersey City costs
$1,850 per month, which is 8.2% more than the national average of
$1,710 and 17.3% cheaper than the state average of
$2,170.
Can I afford Jersey City?
To live comfortably in Jersey City (zip 07304), New Jersey, a minimum annual income of
$82,080 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Jersey City?
The cost of living in Jersey City, NJ (07304) is higher than the national average. Living expenses vary depending on where you live within the city. Generally, rent for a one-bedroom apartment near downtown can range from $1,500 to $2,400 per month. Groceries and utilities are also more expensive than the national average, with monthly costs ranging from $200 to $400. Transportation costs depend on whether you use public transportation or own a car, but generally run between $60 and $150 per month. Overall, Jersey City has high living costs compared to most other parts of the country.