Housing costs in Jersey City?
A typical home costs
$789,300, which is 133.5% more expensive than the national average of
$338,100 and 82.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Jersey City costs
$3,100 per month, which is 81.3% more than the national average of
$1,710 and 30.0% more than the state average of
$2,170.
Can I afford Jersey City?
To live comfortably in Jersey City (zip 07302), New Jersey, a minimum annual income of
$151,200 for a family, and
$108,400 for a single person is recommended.
What does A.I. say about Jersey City?
Living in 07302 Jersey City, NJ can be expensive. The median home cost for this zip code is $517,300, which is well above the national average. Additionally, according to BestPlaces's 2020 Cost of Living Index, the cost of consumer goods and services in Jersey City is 19% higher than the US average. This includes rent costs which are approximately 36% higher than the national average. Furthermore, due to its close proximity to New York City, transportation costs can also be much higher compared with other cities. Overall, living in 07302 Jersey City, NJ can be costly but it also offers numerous opportunities and an abundance of amenities that come with living in a major urban area.