What is the cheapest place to live in New Jersey?

What is the cheapest city to live in in New Jersey?

The Most Affordable Places To Live In New Jersey

Rank City Population
1 Somerdale 5,448
2 Stratford 6,971
3 Audubon 8,661
4 Barrington 6,716

What is the cheapest county to live in NJ?

2021 Counties with the Lowest Cost of Living in New JerseyAbout this List

  • Salem County. County in New Jersey. …
  • Cumberland County. County in New Jersey. …
  • Gloucester County. County in New Jersey. …
  • Warren County. County in New Jersey. …
  • Camden County. County in New Jersey. …
  • Cape May County. …
  • Sussex County. …
  • Burlington County.

Where are the cheapest houses in NJ?

What N.J. towns are the most affordable to live in?

  1. Clayton, Gloucester County. Average closing costs: $3,493. …
  2. Beachwood, Ocean County. Average closing costs: $4,414. …
  3. Gloucester City, Camden County. Average closing costs: $2,772. …
  4. Franklin Park, Somerset County. …
  5. Hopatcong, Sussex County. …
  6. Palmyra, Burlington County. …
  7. Audubon, Camden County. …
  8. Pitman, Gloucester County.
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31 янв. 2015 г.

Where is the cheapest rent in New Jersey?

On the other end of the spectrum, the cheapest place to rent in New Jersey was Lindenwold. The Camden County borough of about 17,000 residents, which is about 30 minutes from Philadelphia, cost the average tenant $990/month and was the only place in the state where rents came in below $1,000.

How much money do you need to live comfortably in NJ?

Typical Expenses

1 ADULT 2 ADULTS (1 WORKING)
0 Children 3 Children
Required annual income after taxes $28,406 $64,838
Annual taxes $5,290 $16,535
Required annual income before taxes $33,696 $81,373

What is a good salary in NJ?

The overall average in New Jersey for what is considered to be middle class income for a family of four is between $60,000 and $177,000 a year.

What is the most dangerous city in NJ?

The FBI names the 10 most dangerous NJ cities for 2020

  • Teterboro 14.71.
  • Trenton 11.62.
  • Asbury Park 11.07.
  • Salem 9.10.
  • Seaside Heights 9.05.
  • Brooklawn 8.40.
  • Bridgeton 8:32.
  • Wildwood 7.94.

16 янв. 2020 г.

What is the poorest town in NJ?

Camden, the poorest city in the state, has a poverty rate of 35.5%. Other poor areas are the cities across the Hudson River from New York City, including Newark, Paterson, and Passaic. In 2012, 9.1% of New Jersey households have annual incomes of or over $200,000, and 17.5% have incomes of $100,000 or more.

Is it a good time to buy a house in NJ?

Best Time of Year to Buy in New Jersey

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Right now, in New Jersey, most houses are listed for sale from April to June. This is fairly typical for the market because of warmer weather and the desire for spring cleaning. However, with most of the buying taking place in those months, you can expect higher competition.

Where should I buy a house in NJ?

  • Princeton Junction. Town in New Jersey. Rating 4 out of 5 19 reviews. …
  • Robbinsville. Town in New Jersey. …
  • Monmouth Junction. Suburb in New Jersey. …
  • Beckett. Suburb in New Jersey. …
  • Mountain Lakes. Suburb in New Jersey. …
  • Plainsboro Center. Town in New Jersey. …
  • Springdale. Suburb in New Jersey. …
  • Ho-Ho-Kus. Suburb in New Jersey.

What is the richest town in New Jersey?

(The Centre Square) – Glen Ridge was ranked the richest town in New Jersey in a 24/7 Wall St. analysis examining small, affluent communities where most households earn at least three times the state’s median annual household income.

What is the best place to live in NJ?

Real estate company Coldwell Banker has compiled a list of the 10 best areas to live in New Jersey in 2020. Did your town make the list?

  • Manalapan (Monmouth County)
  • Closter (Bergen County) …
  • Clinton (Hunterdon County) …
  • Madison (Morris County) …
  • Sparta (Sussex County) …
  • Bridgewater (Somerset County) …
  • Princeton (Mercer County) …

20 окт. 2020 г.

Why is rent so high in NJ?

Rent is high because property ownership is so expensive. New Jersey taxes are the highest of those of any of the 50 states; services are similarly costly. If you’re going to enjoy all that New Jersey has to offer, you have to acknowledge that it comes with a price.

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What is a good salary for a single person in NJ?

MIT’s Living Wage Calculator lays out how much you need to make in New Jersey to cover not just food but the other essentials, and the numbers show that $8.80 doesn’t cut it. As an average for the whole state, a single adult would need to make $13.72 an hour. If that person had a child, $28.56.

Why is it so expensive to live in New Jersey?

High population density means that land is expensive (high demand, low supply). High land prices means high rents, which means stores need to either sell more per square foot or they need more customers per day.

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