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How much does it cost to live in New Jersey per month?
Our cost of living indices are based on a US average of 100. An amount below 100 means New Jersey is cheaper than the US average….New Jersey cost of living is 120.4.
| COST OF LIVING | New Jersey | United States |
|---|---|---|
| Housing | 142.4 | 100 |
| Median Home Cost | $397,900 | $291,700 |
| Utilities | 109.2 | 100 |
| Transportation | 127.7 | 100 |
How much does it cost to live in an apartment in NJ?
Studio apartments in New Jersey have a median of $1,084 per month, according to 2019 data from Apartment List. That’s $257 above the national average. One bedroom apartments in New Jersey follow suit, as their median rent is $1,242. With the national one bedroom median being $947, that leaves a $295 split nationwide.
Is living in New Jersey expensive?
The cost of living in New Jersey is about 20.4\% higher than the average for the U.S., meaning people in the state will need to spend about $120 to buy goods that would cost $100 elsewhere. The state ranks as the ninth most expensive state in the U.S., wedged in between Connecticut and Rhode Island.
What is a good hourly wage in NJ?
$13.31 is the 25th percentile. Wages below this are outliers. $22.26 is the 75th percentile. Wages above this are outliers….What are Top 10 Highest Paying Cities for Hourly Rate Jobs in New Jersey.
| City | Paterson |
|---|---|
| Annual Salary | $48,274 |
| Monthly Pay | $4,023 |
| Weekly Pay | $928 |
| Hourly Wage | $23.21 |
What’s the minimum wage in New Jersey?
Since its enactment, the state minimum wage has increased by $1 for most employers each year on January 1. Effective January 1, 2022, the following minimum wage increases will go into effect: Most employers: increase from $12 to $13 per hour. Tipped employees: increase from $4.13 to $5.13 per hour.
Is New Jersey affordable?
The Garden State can be expensive with a median home price of $342,527 and median monthly rent of $2,000, but there are plenty of affordable cities here that you can call home! New Jersey residents enjoy budget-friendly housing options, safe neighborhoods, and tons of outdoor recreation, while also being a short …
How much are utilities per month in New Jersey?
In general, the cost of utilities in New Jersey is fairly close to costs in the average U.S. state. New residents can expect to pay about 9.2\% more for these costs. As for specific utility costs, the average monthly energy bill in New Jersey is $102.38. That is almost $10 less expensive than the U.S. average.
Which state has the lowest cost of living in India?
Which state in India has the lowest cost of living? Kolkata will cost you considerably less when it comes to living in this metropolitan city. When compared to other metro cities of India, it has the lowest cost of living.
How much does it cost to live in New Jersey?
Cost of Living in New Jersey. Our cost of living indices are based on a US average of 100. An amount below 100 means New Jersey is cheaper than the US average. A cost of living index above 100 means New Jersey, New Jersey is more expensive. New Jersey cost of living is 132.6. Housing is the biggest factor in the cost of living difference.
How much does it cost to live in Jersey City 2021?
Sep 2021. Prices in Jersey City Family of four estimated monthly costs are 4,000.12$ without rent (using our estimator). A single person estimated monthly costs are 1,079.80$ without rent. Jersey City is 0.67\% more expensive than Los Angeles (without rent, see our cost of living index ).
How much should you spend on food a month in NJ?
Expect to pay above-average prices. In Newark, Numbeo.com recommends residents spend almost $310 a month on food. Jersey City prices are even higher, as its recommendation is $352.22 for a month’s worth of food.
Can I afford health care in New Jersey?
New Jersey is ranked number 14 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. The ability to afford healthcare as well as the ability to access care are key indicators of how much you will be paying for this important resource if you move to another state.