Cost of living in New Jersey
2 cities in New Jersey are covered by this index, from the ACS 2019-2023 5-Year Estimates and the BEA Regional Price Parities 2023.
Cities in New Jersey
Sort key: population size of the city
| City | Population | Median rent | Median household income | Rent / income | Price level | Salary needed |
|---|---|---|---|---|---|---|
| Newark, NJ | 307,188 | $1,330 | $48,416 | 33.0% | 108.9 | $53,200 |
| Jersey City, NJ | 289,691 | $1,902 | $94,813 | 24.1% | 108.9 | $76,100 |
"Salary needed" is twelve months of median rent divided by 0.30: the income that keeps the median rent at 30% of gross pay. See the methodology for definitions, margins of error and sources.
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