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Jul 26, 2024 · Learn more about the average monthly utility costs in the U.S. broken out by state, zip code and information on why certain prices have increased. ... New Jersey. $112.39. $72. $40. $66. $114 ...
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What Is the Cost of Living in New Jersey? - SmartAsset. SmartAsset put together this guide on the cost of living in New Jersey. We break down housing costs, utilities, food, transportation and taxes.
- Cost of Housing in New Jersey
- Cost of Food in New Jersey
- Cost of Transportation in New Jersey
- Cost of Healthcare in New Jersey
- Cost of Child Care in New Jersey
- Cost of Entertainment in New Jersey
- Average Salary Expectations in New Jersey
- Come Home to New Jersey
Costs related to housing and real estate are often the most expensive in thriving communities. Using an average of housing in the U.S. index, New Jersey costs are about 36.4% more expensive. However, these costs are not borne out equally. There are areas of the state with more expensive housing and areas where prices are more affordable.
Food is another important consideration regarding the cost of living. Whether dining out with a group at a restaurant or finding quick or healthy meals to eat at home, food costs are important to estimate.
For some residents, there is no substitute for owning a vehicle. They have the freedom to go wherever they want, whenever they need. While there are advantages to ownership, there are also some additional costs. Drivers in New Jersey will find the average cost of a gallon of gas is about $3.26, which is just almost 20 cents cheaper than the average...
Healthcare is a cost that is often overlooked in a budget. Because costs related to care can vary wildly, it is important to prepare before the need. The national average for healthcare insurance is about $928 a month for single coverage. Employees of private companies in New Jersey can expect to pay about $450 for health care in addition to any em...
For those caring for youth under school age, child care costs can be a major expense. The average cost to leave an infant at a child care center is about $1,082 a month. That adds up to about $12,984 per year. Costs for toddlers are a bit cheaper at $900, or $10,800 annually. The state does have some subsidies available to help parents with these c...
Living in a new community cannot be a simple evaluation of costs. While rent, utilities, and other costs determine the quality of life, enjoying a state requires that favorite pastimes are affordable. The great news is that New Jersey has a wide variety of entertainment, including great outdoor activitiesthat also happen to be free. Art lovers can ...
Average salaries in New Jersey are about $58,000 annually, and the median household income is around $90,000.The highest-paid jobs were in the medical profession, though some are in finance and engineering as well. The minimum wage for the state is $14.13 an hour. The unemployment rate in New Jersey is 3.4%, a bit lower than the national average of...
As part of the New York City metro area, New Jersey is unparalleled in opportunities and entertainment. Some people may find it better to live next door to the excitement of New York. New Jersey can also offer a lower cost of living, even though some locations are just across the bridge from the Big Apple. The Garden State might just be the best pl...
Sep 17, 2024 · The state's average price per kilowatt-hour in recent years has generally trended three or four cents above the national average, though the recent 2024 rate hike is widening that gap. New Jersey ...
Oct 4, 2024 · The average cost of living in New Jersey. New Jersey is home to over 9.2 million people. According to research, the cost of living in New Jersey is 12% higher than the national average. While according to data gathered in 2022 from MERIC, the Missouri Economic Research and Information Center, the state ranks 37 th in a list of states with the ...
Oct 10, 2024 · Wisconsin. $1979. Wyoming. $1775. The cost of living in New Jersey is $2706, which is 1.22 times more expensive than the average in the United States. New Jersey ranked 6th most expensive and 27th best state to live in the United States. The average salary after taxes in New Jersey is $4886, which is enough to cover living expenses for 1.8 months.
Oct 6, 2024 · On average, New Jersey residents spend about $265 per month on electricity. That adds up to $3,180 per year. That’s 14% higher than the national average electric bill of $2,796. The average electric rates in New Jersey cost 20 ¢/kilowatt-hour (kWh), so that means that the average electricity customer in New Jersey is using 1,344.00 kWh of ...
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