Zip 07305 (Jersey City, NJ) Cost of Living


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Jersey City cost of living score
139.5
More expensive
39.5% higher
than the US average
16.4% higher
than the New Jersey average
Jersey City (zip 07305), New Jersey gets a BestPlaces Cost of Living score of 139.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 39.5% higher than the U.S. average and 16.4% lower than the average for New Jersey.

Zip 07305 (Jersey City, NJ)

Housing costs in Jersey City?
A typical home costs $427,900, which is 26.6% more expensive than the national average of $338,100 and 1.0% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Jersey City costs $1,810 per month, which is 5.8% more than the national average of $1,710 and 19.9% cheaper than the state average of $2,170.

Can I afford Jersey City?
To live comfortably in Jersey City (zip 07305), New Jersey, a minimum annual income of $82,080 for a family, and $63,200 for a single person is recommended.

What does A.I. say about Jersey City?
The cost of living in 07305 Jersey City, NJ is relatively high compared to the national average. The median home price is $369,000 and rent averages at around $1,800 for a one bedroom apartment. However, the city has plenty of amenities that come with this higher price tag including restaurants, bars, shops, and parks. The city is also served by an extensive public transportation system which makes getting around easy and affordable. Overall, Jersey City offers an exciting lifestyle with many advantages but it comes at a higher cost than some other places in the United States.
   Cost of living score
     CategoriesJersey CityNew JerseyUnited States
  139.5119.8100.0
  105.1105.8100
  99.696.9100.0
  146.5136.4100.0
  $427,900$432,100$338,100
  113.5%109.2%100.0%
  155.7127.7100.0
  112.6112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime