Housing costs in Jersey City?
A typical home costs
$769,000, which is 127.4% more expensive than the national average of
$338,100 and 78.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Jersey City costs
$3,050 per month, which is 78.4% more than the national average of
$1,710 and 28.9% more than the state average of
$2,170.
Can I afford Jersey City?
To live comfortably in Jersey City (zip 07310), New Jersey, a minimum annual income of
$147,240 for a family, and
$106,400 for a single person is recommended.
What does A.I. say about Jersey City?
The cost of living in 07310 Jersey City, NJ is quite high. The city has been ranked as the most expensive city to live in New Jersey, along with other nearby cities like Hoboken and Bayonne. Rent prices for a two bedroom in the area are among the highest in the state, averaging around $3,000 per month. Groceries and restaurants are also expensive due to the fact that many places have to charge more due to their proximity to Manhattan. However, there are plenty of cheaper options within Jersey City itself, making it possible to live comfortably on a budget.