Cost of living in new jersey

The cost of living in New Jersey can vary depending on the specific location, lifestyle, and personal choices. However, here are some general guidelines to help you understand the cost of living in New Jersey:

Housing:

• Median home price: $340,000 (according to Zillow)
• Average rent for a 1-bedroom apartment: $1,400 - $1,800 per month
• Average rent for a 3-bedroom apartment: $2,000 - $2,500 per month

Food:

• Fast food meal: $8 - $12
• Mid-range restaurant meal: $15 - $25
• Groceries: 10% - 20% higher than the national average

Transportation:

• Gasoline: 10% - 20% higher than the national average
• Public transportation: $2 - $3 per ride, or $90 - $100 per month for a pass
• Car insurance: 10% - 20% higher than the national average

Utilities:

• Electricity: 15% - 25% higher than the national average
• Water: 10% - 20% higher than the national average
• Internet: $50 - $100 per month

Taxes:

• State income tax: 6.37% (one of the highest in the country)
• Sales tax: 6.625% (one of the highest in the country)
• Property tax: 2.2% of the property's value (one of the highest in the country)

Other expenses:

• Healthcare: 10% - 20% higher than the national average
• Childcare: 10% - 20% higher than the national average
• Entertainment: 10% - 20% higher than the national average

Overall cost of living index:

• According to Council for Community and Economic Research, the cost of living index in New Jersey is 146.4, which is 46.4% higher than the national average.

Best and worst places to live in New Jersey:

• Best places to live in New Jersey:
  • Princeton
  • Hoboken
  • Montclair
  • Red Bank
  • Cape May
• Worst places to live in New Jersey:
  • Camden
  • Trenton
  • Newark
  • Paterson
  • Atlantic City

Keep in mind that these are general estimates and can vary depending on your specific circumstances. It's always a good idea to research the cost of living in a specific area before making a decision to move there.