Housing costs in Jersey City?
A typical home costs
$462,700, which is 36.9% more expensive than the national average of
$338,100 and 7.1% more 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 07306), New Jersey, a minimum annual income of
$88,560 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Jersey City?
The cost of living in 07306 Jersey City, NJ is relatively high compared to the national average. The median home price in this zip code is $395,000, which is much higher than the state median of $254,400. Other costs like grocery items and transportation can also be expensive due to the area's proximity to New York City. Although Jersey City may have a higher cost of living compared to other areas, its plentiful amenities and close proximity to Manhattan make it an attractive option for many people.