Living in New Jersey With Nevada Roots Yard Sign | CafePress (2024)

FAQs

Is living in New Jersey worth it? ›

One of the most significant advantages of living in New Jersey is its prime location. It's a stone's throw away from New York City and Philadelphia, making it an ideal choice for those who work in these bustling metropolises but prefer a quieter, suburban lifestyle.

And, you wouldn't be wrong: New Jersey is considered the 14th best state in the nation, according to U.S. News & World Report's 2024 Best State Rankings. This is an improvement from last year's best state rankings, where New Jersey ranked 19th out the 50 states.

New Jersey is the only U.S. state in which every county is deemed urban by the U.S. Census Bureau with 13 counties included in the New York metropolitan area, seven counties in the Philadelphia metropolitan area, and Warren County part of the heavily industrialized Lehigh Valley metropolitan area.

Con: Property taxes

New Jersey residents face some of the highest property taxes in the United States. The property tax rate is 2.26% which compared to the national average of 0.99% is very high. This financial burden can be a significant challenge for homeowners and those making a jump from renting to owning.

While many residents like the Garden State, 48% are looking to leave, with many saying the high cost of living is the main driver.

Fastest growing towns in NJ

Lakewood in Ocean County was the fastest-growing municipality in New Jersey, according to the data. In 2012, the population was 91,423. In 2022, it ballooned to 133,875, a 46% increase for a location that has become attractive to Orthodox Jewish families.

The Garden State is considered the 3rd best state in the country to live and work. For a rich cultural experience, Jersey City, and Newark are some of the best places to live. People are attracted to move here because of the strong job market, excellent schools, and diverse communities.

New Jersey tops the nation in the percentage of community college students who transfer to four-year colleges and graduate with a bachelor's degree, according to two new reports.

The state does not tax Social Security benefits and offers a significant exclusion on other retirement income, such as pensions and withdrawals from retirement accounts, which can be especially beneficial for those with higher retirement incomes.

New Jersey is one of the fifty U.S. states. The state is considered a stronghold of the Democratic Party and has supported the Democratic candidate in every presidential election since 1992.

Is New Jersey a happy place to live? ›

Last UpdatedMarch 24, 2024 at 12:58 AM

The top-10 happiest states from this study are listed below: Hawaii (1st) New Jersey (2nd) Nebraska (3rd)

The cost of living in New Jersey is 11% higher than the national average. Housing is 30% higher than the national average, while utilities are 12% higher. When it comes to basic necessities such as food and clothing, groceries are around 5% higher than in the rest of the country, while clothing costs 5% higher.

Key Takeaways. New York City may offer more job opportunities in a wider range of industries than New Jersey. In terms of real estate, New York City is one of the most expensive cities in the world. Certain cities and towns in New Jersey may be more affordable if you don't mind paying for the commute into Manhattan.

The cost of living in New Jersey is also 22% higher than the national average. However, housing costs and taxes are on par with other states. You should expect to spend more on gas because you will have a longer-than-average commute time. The ideal time to move to New Jersey is in the fall or the spring.