Here’s What It Costs To Live Comfortably In NJ

A new SmartAsset report puts the price of living comfortably in New Jersey at $113,776 a year for a single adult, a figure that has climbed more than 4 percent since last year and ranks the state 10th most expensive in the country. Proximity to New York City, limited land, restrictive zoning, and a median home price of $584,000 (well above the national $447,000) are doing the heavy lifting on that number. Even a six-figure salary leaves renters stretched, since a one-bedroom apartment runs an average of $2,084 a month statewide, and Jersey City and Hoboken push that annual tab above $44,000.