Housing costs in Jersey City?
A typical home costs
$622,900, which is 84.2% more expensive than the national average of
$338,100 and 44.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Jersey City costs
$2,090 per month, which is 22.2% more than the national average of
$1,710 and 3.8% cheaper than the state average of
$2,170.
Can I afford Jersey City?
To live comfortably in Jersey City (zip 07307), New Jersey, a minimum annual income of
$119,520 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Jersey City?
The cost of living in 07307 Jersey City, NJ is relatively high compared to other parts of the country. The median home price is around $410,000 and rents are also expensive with an average one-bedroom apartment costing around $2,400 a month. Food, transportation, and entertainment costs are similarly high. However, Jersey City offers plenty of opportunities to take advantage of its convenient location and vibrant culture through free or low-cost activities like visiting the waterfront parks or attending outdoor concerts and festivals. For those looking for more affordable options, consider exploring the surrounding areas for lower cost of living options.