Housing costs in Jersey City?
A typical home costs
$578,200, which is 71.0% more expensive than the national average of
$338,100 and 33.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Jersey City costs
$3,190 per month, which is 86.5% more than the national average of
$1,710 and 32.0% more than the state average of
$2,170.
Can I afford Jersey City?
To live comfortably in Jersey City (zip 07311), New Jersey, a minimum annual income of
$110,880 for a family, and
$111,200 for a single person is recommended.
What does A.I. say about Jersey City?
The cost of living in 07311 Jersey City, NJ is relatively high compared to other areas in the US. The average housing cost for a single family home is $514,400 while the median household income is $59,751. Utilities, transportation and groceries are all more expensive due to the urban setting of this area. Although higher than most areas, Jersey City offers a large variety of cultural attractions and activities for those who can afford these costs.