is living in jersey city worth it

Chilazi recently sold a single-family house in The Heights to a developer, who put four condos on the 35-by-100-square-foot lot and sold each one for around $750,000. The Hudson River Waterfront Walkway has boardwalks and green paths that let residents walk from Hoboken all the way to Port Liberte in Jersey City. Its the type of neighborhood where people know each other, and many young families, children, and dogs live their lives peacefully. For example: the Hudson Tea from Toll Brothers City Living, two luxury condos on the waterfront that were once home to the Lipton Tea Company: still has some limited availability, from a two bedroom priced at $1.68 million to a three bedroom at $3.14 million. , you can settle in a safe and affordable community that allows you to experience everything that this amazing city (and NYC) have to offer. (The application period runs through October 2022.). You would have to earn a salary of $88,284 to maintain your current standard of living. I need a contractor for a small renovation project, but my co-op requires hefty insurance coverage. The same type of job in the same type of company in Jersey City, NJ will typically pay $63,331 . Copyright © 2023 The Honest Local | This post may contain affiliate links - read our Standards, Corrections, & Privacy Policy. After all, you dont want to find out that youre making your new home in an area with a high annual property crime rate or in a place where a rundown studio apartment costs the same amount as a luxury apartment in a different city. This means its important to do your research, When it comes to selecting your ideal neighborhood, we recommend starting with a list of popular areas. Downtown is bustling and increasingly a popular option for families. Construction in and around Downtown Jersey City has been rampant in part because developers were able to buy large tracts of land in the citys former industrial hub. At first, "interior design trends" can feel like an oxymoronic term. Once you have this list in front of you, you can start researching these neighborhoods to find out more about their vibe and who tends to live there. Imagine! Hiking in Philadelphia is unlike anything youve seen before. Are you a beer lover? If incomes weren't high enough expensive cities wouldn't be as expensive. And only one of 35 residents is available at the brand-new 75 Jordan Ave., which started leasing in May. Low crime rates, low stress and a booming job market, whats not to love? The lobby of Le Leo, a99-unit rental buildinglaunching in October. Rates vary depending on income and filing status. There are several towns in New Jersey that offer direct train service to New York City. City Suburb Population 287,146 View Nearby Homes New Jersey Commuting options from Jersey City to lower Manhattan, in particular, are good. Costs of Living in Jersey City Jersey City is generally cheaper than NYC. Living in Jersey City, NJ - What Is It Like - Pros and Cons document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The only thing I would add as someone living in NJ is I dont think NJ is a good spot for nature lovers. Wondering what you need to know before making the move to Jersey City? *By signing up you agree to receive occasional emails on behalf of our sponsors, Copyright 2009-2023 by BrickUnderground | PrivacyPolicy | TermsofService | AdChoices | Login, National Association of Real Estate Editors. truly makes it stand out. While sadly some businesses did not survive the pandemic, there are many new businesses blossoming in Hoboken, which is helping it shed an outdated reputation for having chains and franchises. Joey Chestnut, hot dog champ, has struck it rich as competitive eater Also, 470k might be the average price for the state but finding housing in a nice area like Princeton shoots up to way over 750k and with taxes over 15k per year so something to think about. This is perfect for people that commute to and from the cities frequently. rate or in a place where a rundown studio apartment costs the same amount as a luxury apartment in a different city. Every time I drive though, Im amazed at how big it is.. This is also a contributing factor to the island's higher inflation rate. New Jersey is only one of two US states that makes pumping your own gas an illegal affair. Find your new home at Common and discover all of the possibilities right outside your door. Pros and Cons of Living in NJ While Working in NYC . But dont just take my word for it, New Jersey was recently ranked as the 5th happiest state in the country. Ive lived in the The Garden State for the past 10 years and have definitely learned a thing or two about the honest pros and cons of living in New Jersey. We are seeing some people who dipped their toes into the suburbs and decided that it wasnt for them at this time of their life, Waller says. So whether you are getting a new license or exchanging plates, it is best to get there early and during . Those living in New Jersey could pocket this money, as local governments in the Garden State do not levy a city tax. Chilazi also recommends Bread and Salt Bakery (hyper-seasonal pizza) and The Hutton (a handsome gastropub). Close to NYC, close to Philly, and within driving distance of 3 international airports. Despite all that new housing, the city is still pretty expensive. (And if you are an aspiring entrepreneur, Downtown may be appealing but she got a much lower rent in another up-and-coming area.). NJ towns with direct train to NYC. Discover our list of the best, most unique breweries in Philadelphia that you have to try out for yourself. Save my name, email, and website in this browser for the next time I comment. Luckily, this city offers the beautiful. Only one of 35 residents is available at the brand-new. Niche also conducted a study for the best cities for young professionals and Jersey City ranked in the top 20. Here's how. Retail is concentrated mainly on Washington Street, where youll find boutiques like, Moving to NYC after college? . But thats not all The Heights has to offer. According to Chilazi, theres also been an influx of new owners in Lincoln Park, where you can get a single-family house with a backyard in the range of $500,000 to $1.275 million. I've had a few friends move away only to reminisce about the perks of living in New Jersey a few years later. Here are three sample letters you can send to your landlord to request fixes, An affordable housing lottery launches for 24 apartments near Times Square. Also in this series: Ditmas Park vs. Kensington, Astoria vs. Long Island City, Park Slope vs. Windsor Terrace, Tribeca vs. What is worse is that we have soooo many ticks, the risks of lyme and other tick borne diseases are real even if you dont go in the woods. Youll find that theres no shortage of options for public transportation when youre living in Jersey City. The location of the Downtown area makes it easy for Jersey City residents to go to NYC and vice versa. Read below to learn more about the reasons why commuters might want to settle in New Jersey. To keep these areas looking their best, the city is often performing renovations on different parts of these beloved parks. Many families and young professionals live in Jersey City and residents tend to be liberal. While it has been reviewed by human transcribers, it may contain errors. Jersey City has an eclectic dining and shopping scene, with new restaurants and outlets opening all the time. For Tripucka and her family, Hobokens intimacy is the prime selling point. Also in Journal Square: Le Lo is launching in October with 99 rentals in a six-story building designed by Marchetto Higgins Stieve. According to a recent study, New Jersey is the 9th worst state for driving. Food Costs in New Jersey. But with its congestion and overpriced rent, it can get a bit crazy over there. Rich Stapleton. . Where do people eat and shop in Jersey City? (Chilazi says the preponderance of rentals over condos has caused a minor uproar.). I always joke that you can officially consider yourself a local when your stomach churns after seeing Newark Airport pop across your screen while looking for flights. Most of Ellis Island is also part of Jersey City. We are presenting it again as part of our winter Best of Brick week.] To combine or not: What's the best strategy for selling two adjacent NYC apartments? Theres always something new to learn and something interesting to talk about. A vibrant port city for much of the 20th century, Hoboken fell on hard times in the 1960s as the shipping industry dried up. Turns out, binge eating can make your bank account fat, too. The study was conducted by Niche, looking for the best places to live in the U.S., and Jersey City came in at number 79 out of 228 cities ranked. Heres a fact that seems to catch newcomers by surprise: New Jersey has a very low crime rate and is considered one of the safest states in the country. To help you with this decision, heres a quick overview of what you can expect from the four areas we mentioned above. New Jersey Offshore Wind Farm Wins Biden's Approval - Bloomberg In sum, heres a quick recap of the pros and cons of moving to New Jersey. Thankfully, those living in New Jersey have their fair share of neighbors to choose from like New York City, Philadelphia, Washington DC. a collection of ultra-luxury loft-style residences with modern amenities located in the former Wonder Bread factory, which has sold 70 percent of its 83 units for $1,200 per square foot. Wondering how to find a roommate? Elsewhere, youll find more of a mix of housing types. You can also discover trendy coffee shops, vegetarian-friendly cafes, and places that serve everything from craft beers to gourmet burgers. If youre moving to New Jersey in the hopes of buying a home then you should know that at 2.49%, we have the highest property taxes in the country. The 10 Best Places to Live in Jersey City, NJ - Money Inc No timeline has been revealed so stay tuned. While rentals in Jersey City are a little less than Manhattan, the rents are still up there -- ranging from $2,500 to well over $8,000 per month. Youll find that theres no shortage of options for public transportation when youre living in Jersey City. Plus the country's most diverse city has a global food scene to match, with too many authentic, family-run places to list here. This has also brought an influx of young urban professionals and creative types, in particular. Theres, transit system. According to Nancy Packes, president of Nancy Packes Data Services, a development consultancy and database provider, the median rent is $3,780 and average rent is $4,005. For reference, the national median home price is $428K, nearly $40,000 less than our median home prices. ), Condo construction halted after the 2008 financial crisis, but in the last few years, it has come back strongly, says Darrell Simmons, publisher of New Jersey real estate site, Were seeing a noticeable uptick in prospects who were comfortable with renting before being hit with significant rate increases, said Jaqueline Urgo, president of. Of course, Jersey City has lately been a major draw for people coming from much nearer: Manhattan and Brooklyn. The ability to work from home might be driving some of that surge: Lincoln Park is about a 20-minute walk to the PATH train, a distance that might have been a deterrent to commuters in the past. Also in this series: Here's how she often sums up the differences: Hoboken has a beautiful historic waterfront and is easy to navigate, plus you have lots of transportation options. Theres PATH or the Port Authority Trans-Hudson transit system. Large blocks of former industrial properties have been cleared, remediated, and now numerous rental projects are underway. For example: Marion, to the west of Journal Square, is home to Jersey Citys Little India, which has the highest concentration of Asian Indians in the Western Hemisphere, and Five Corners is a vibrant Filipino enclave in the northeastern portion of Journal Square. "It's small enough that you can walk anywhere you want to go," Chilazi says. 7 Things to Know BEFORE Moving to Jersey City, NJ - UpHomes Our state income tax varies from 1.4% to 10.75%, depending on filing status and income bracket. One factor to consider: Jersey City just increased its property tax rate from 1.61 to 1.889, so now it's higher than Hoboken. Jersey City is in the midst of a development boom, while Hoboken saw major development in the 1990s. The neighborhoods name is derived from its location on the Palisades, which is a 15-mile stretch of traprock cliffs among the western bank of the Hudson River. Common has the tips you need to help you find a great roommate whether youre moving to a new apartment or a new city. 18 HONEST Pros & Cons of Living in New Jersey - The Honest Local How much should you renovate your NYC apartment before selling it? Theres green space to be found, too. Housing there includes wood-frame buildings, and certain areas have beautiful historic properties, namely along Ogden Avenue, Summit Avenue, and Sherman Place. This article has beenupdated for2022. The PATH train operates from Hoboken Terminal to 33rd Street and the World Trade Center (and connects to Journal Square, in Jersey City, and Newark Penn Station). Hoboken has changed a lot in recent decades, but the city is trying to keep some sites development-free. But don't be surprised when you get here and discover it's not all good. Benefits of Living in NJ While Working in NYC - Investopedia "If you time it right, you can get from the financial district to Exchange Place in ten minutes," Miniard says. Historic Farm House (sleeps 6): $325/night. Mod Cup is a coffee house near Mana Contemporary in Journal Square, home to the Little India neighborhood with lots of places to eat. Jersey City, NJ Reviews - Niche I commuted from further for 2 years to save up and now I'm going to move into Manhattan. Those living in Manhattan while earning $65,000 annually, for example, will pay roughly $2,400 in city income tax. Jersey has its own currency. Pros and cons of living in New Jersey, Living in New Jersey, cost of living in New Jersey, Living in Jersey, moving to New Jersey, living in New Jersey, pros and cons of moving to New Jersey, Pros and cons of living in New Jersey, Living in New Jersey, cost of living in New Jersey, Living in Jersey, moving to New Jersey, living in New Jersey, pros and cons of moving to New Jersey, Your email address will not be published. With an overall grade of an A-, it's safe to say that New Jersey is the place to be. But that doesnt necessarily mean they want to be in the suburbstheyre looking for some of the trappings of city life, says Joelle Chilazi, a broker at Compass who has a website that focuses on. Posted on December 8, 2020 Updated on March 1, 2023 If you're thinking about moving to the Garden State or Jersey City, you've come to the right place. But in recent years, New Jersey has become a preferred destination. Areas like the Jersey City Waterfront, Historic Downtown, The Heights, and Journal Square tend to earn high marks. 10 HONEST Pros & Cons of Living in Boise, Idaho, 20 HONEST Pros and Cons of Living in Denver, 15 HONEST Pros & Cons of Living in Atlanta, Georgia (Locals Guide), You wont be pumping your own gas while living in New Jersey, The high tax burden of living in New Jersey, Moving to New Jersey? The city spans the Bergen Neck peninsula, bordered on the east by the Hudson River and on the west by the Hackensack River, and comprises about 15 square miles of land. Required fields are marked *. 5. Thinking about living in New Jersey? This city has no shortage of fun things for locals to do throughout the year. The Pompidou x Jersey City is slated to open in 2024 in the Pathside Building, also known as the PSE&G building, in Journal Square. 3 reasons why you should rent or Airbnb before you buy, How to care for your vacation rental property when you don't live nearby, What to know about buying a Hamptons hotel condo or co-op as an investment property. The Loew's Theater in Journal Square has also been saved from demolition and is undergoing a multi-million-dollar major renovation. Cost of Living Comparison between Lincoln, NE and Jersey City, NJ The reality is, people can afford to live in expensive cities due to high incomes. A previous version was published in September. 21 Things to Know Before Moving to Jersey | Culture Tips - MoveHub In fact, with Jersey City being a mere 20-40 minute subway ride, its not uncommon for people to work in New York City but live in New Jersey. Some of the best options include Summit, Morristown, Englewood, and Montclair. Weve created a handy guide that contains everything you need to know about living in Jersey City, from the. Curious about other comparisons? This city has no shortage of fun things for locals to do throughout the year. The Jersey City Waterfront features cuisine from all around the world, while Downtown Jersey City offers a similarly delightful array of food. Jersey City has an eclectic dining and shopping scene, with new restaurants and outlets opening all the time. Run the other way, hi,i d like to know the kind of job opportunities that i can find in newjersey. Examples include 144 First Street, from NYC-based developer Empire, and 99 Hudson, which is New Jerseys tallest residential building and has 781 units. According to Nancy Packes, president of Nancy Packes Data Services, a development consultancy and database provider, the median rent is. Why rush perfection, I guess. Like NYC, Jersey City has historically been a major destination for immigrants to the U.S. Likewise, winter snowstorms are a considering while living in New Jersey. If you love the visual arts, youll want to soak up all the street art in Jersey City. However, this city has a lot of positives for . The most affordable neighborhoods are Bayfront, Country Village, Greenville Yard, Jackson Hill, and Liberty State Park (all average $1,990). New Jersey Governor Phil Murphy who has . There was a time when you had to be Jersey-centric to know about Jersey City, but if you were New York-centric, you probably werent coming across the river, says Michael Barry, president of Ironstate Development Company. The most noteworthy new development is the Wonder Lofts, a collection of ultra-luxury loft-style residences with modern amenities located in the former Wonder Bread factory, which has sold 70 percent of its 83 units for $1,200 per square foot. After a years-long battle concerning plans for the Union Dry Dock site, the city of Hoboken acquired it and is moving forward with a plan to create the first large-scale riverfront park addition since Maxwell Place Park in 2007. The 126 bus runs from Hoboken Terminal to Port Authority. But Miniard suggests looking at older developments such as. I was completely surprised by the stunning country roads and charming towns that rivaled my favorite spots in New England. Healthy lunches and bowls are to be found at Acai Ya Later and Shaka Bowl. Young people flocked to the neighborhood, home to music venues like the famed Maxwells, which the New Yorker once called the best club in New Yorkeven though its in New Jersey. (The club closed in 2013.). Area Vibes has given it a 'liveability' rating of 86/100, which earns it the status of 'exceptional.'. If fact, according to a recent study, New Jersey ranks 4th for best healthcare in the US. You can also hop on the New York Waterway Ferry to make your way to NYC. For starters, you can except traffic to be terrible, never ending construction for new housing, crazy crowds at stores (especially during holidays) and crowded commutes on the train. The proprietors of longtime favorite Taqueria Downtown have opened a new restaurant, Los Cuernos, in Newport. Finally, we cant wrap this list of the cons of living in New Jersey without mentioning the extreme weather conditions during the summer and winter months. Kicking Competition: Dallas Cowboys Sign USFL Star For Training Camp As with any motor vehicle commission, especially one located in such a populous city, it can be filled with long lines and stressful paperwork. I've read from a few reddit posts that JC is not a good fit for single people lol. Residents in Union City, N.J., say houses with . Select city in Jersey: Summary of cost of living in Jersey: A family of four estimated monthly costs are 4,290.5$ (3,369.8) without rent. As not an American, can you explaiN? The preliminary report card: "could use improvement." That only continued to pick up steam during the pandemic, he says. Is living in Jersey City and commuting to NY worth it if it's free? Hoboken also acquired the waterfront Monarch property in the northeastern part of the city to use as a public park, part of a land swap deal with Ironstate Development Co. Hoboken has a population of about 53,000, and its not particularly diverse: More than 80 percent of the population is white, according to a 2019 Census Bureau estimate. Plus, Im convinced the airport has been under construction since the Eisenhower administration. Big cities come with many perks, like big job opportunities, great food and never-ending entertainment. Jersey's coastal towns are picturesque. We wont go into too much detail here because we have a whole blog dedicated to the topic of the things that New Jersey residents like to do in the area. Downtown youll find more singles, a greater hum of activity, and a college-town vibe, especially around the PATH station. For the foodies, Jersey City is a dream come true. If youre thinking about moving to the Garden State or Jersey City, youve come to the right place. Journal Square and West Side are the most affordable neighborhoods, with median asking prices of $419,000 ($456 per square foot) and $430,000 ($350 per square foot) respectively. Greenville ($470,000) and The Heights ($625,000) are, along with The Waterfront, among the most popular areas. What does that mean for your daily life in Jersey? To begin with, Jersey City is a fantastic city with various lifestyle choices, many attractions, and enjoyable activities for all ages. Much like our larger neighbor to the east, the Garden State is teeming with diversity, which makes living in New Jersey a joy. , you may also want to find a little green space. Jersey City is the state's second-largest city and the most diverse city in the U.S. Hoboken is a mere 1.25 square mile and bordered by the Hudson River to the east. In terms of the climate, the northern part of the states sees an average of 40-50 inches of snow, while the southern tip gets 10-15 inches. And Jersey City has a robust arts scene and Food & Wine magazine just named it one of America's Next Food Cities. There's also a proposal to create a new public park, Bergen Arches, along an abandoned mile-long rail trench formerly operated by the Erie Railroad. that has 14 units by Franklin Development Group. And secondly, ensuring their kids are up to speed on the criteria. Jersey City is the state's second-largest cityit spans the Bergen Neck peninsula, bordered on the east by the Hudson River and on the west by the Hackensack River, and comprises about 15 square miles of land. Yes, New Jersey is a good place to live. Is it easy to commute from Jersey City to Manhattan? Another great transit option is the. our summers will be a rude wake up call. Updated by the minute, our Dallas Cowboys NFL Tracker: News and views and moves inside The Star and around the league . This has attracted a more diverse and younger population to the Garden Stateespecially to the waterfront. he most expensive neighborhoods in Jersey City are Mount Pleasant ($3,925), Washington Village ($3,925), and Western Slope ($3,925). Yes, it's so worth it. The neighborhoods name is derived from its location on the Palisades, which is a 15-mile stretch of traprock cliffs among the western bank of the Hudson River. There are numerous buses from the Journal Square Transportation Center, Exchange Place, and Hoboken Terminal. January 13, 2023. The number of non-Hispanic whites, Asians, African Americans, and Latino residents are roughly equivalent, creating a vibrant mix of cultures that youll experience mostly beyond downtown. In fact, close to 50% of Jersey City residents use public transit to get to work, one of the highest rates in the United States. Jersey Citys median household income is $70,752, about half that of the much smaller Hoboken. West of the Downtown Waterfront lies historic Van Vorst Park and Hamilton Park. A notable example is the Newport area, where the. The officials in Jersey City are always looking for new ways to improve more-efficient and eco-friendly transit options, so more could always be coming. One of my favorite things to do during a day off is to head to a new city or different part of town. If people work in midtown, Chilazi recommends The Heights because there's bus service to the Port Authority (similar to Hoboken). Wondering whether Jersey City or Hoboken is a better fit for your budget, commute and lifestyle? also in Newport, come with ultra-luxe amenities like an Olympic-sized lap pool and wine tasting lounge with private dining area. Proof it was financially viable came in 2014, when at the age of 30, Chestnut, then living in San Jose, California, bought his first house - for $618,000, according to property records. How do I find someone to do the job? Elsewhere, youll find more of a mix of housing types. Thankfully, Jersey City tends to rank well in terms of both safety and affordability. The area is home to a stunning boardwalk that runs along the Hudson River, providing amazing views of the Lower Manhattan Skyline and the Statue of Liberty. Because the price of goods and services varies from one city to the next, calculating the cost. How MrBeast Became the Willy Wonka of YouTube . As for me? All Rights Reserved. New York City residents require a net worth of about $3.4 million to feel wealthy in 2022. Beats me. However, we do want to provide a quick overview of some popular attractions and activities. A notable example is the Newport area, where the LeFrak Organization has developed 17residential buildings across four districts, including The Beach, a luxury waterfront property. You would have to earn a salary of $34,298 to maintain your current standard of living. A total of 62% of people in Jersey and 55% of people in Guernsey found it difficult to meet living costs in the last 12 months according to the survey. Here are the essential things you need to know before moving to Jersey. Cost of living in Jersey City NJ | Eagle Van Lines Moving & Storage NJ Areas like the Jersey City Waterfront, Historic Downtown, The Heights, and Journal Square tend to earn high marks. Should you move to Hoboken or Jersey City? - Brick Underground How much do houses in Jersey City sell for? The roof deck at Wonder Lofts, a collection of ultra-luxury loft-style residences with modern amenities located in the former Wonder Bread factory.
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