7. Even as New Jersey’s capital city, the median home price is very affordable at only $100,000. 6. Woodcliff Lake gets kudos for having the 29th most expensive homes in the Newark area, where houses sell for an average of $812,300. Community Rules apply to all content you upload or otherwise submit to this site. The study was based on average costs, annual property taxes, annual homeowner's insurance and average annual mortgage payment in relation to the local median income, according to SmartAsset. While the community’s inhabitants have Atlantic City’s five-star restaurants, beaches, boardwalks, can’t-miss attractions and casinos a stone’s throw away, they avoid its higher cost of living – sounds perfect, right? June, September and August are the most pleasant months in Morristown, while January and February are the least comfortable months. COVID-19: Vaccine news and outbreak updates. Although the median home value in Clifton is higher than the state average, coming in at $338,800, so is its median household income, which is $68,096 – so it balances out. Rutgers University’s presence gives New Brunswick a college town vibe while contributing to the town’s rich history. The 10 Most Affordable Cities in America 2016. It has beautiful parks, plenty of water, and there are great employment opportunities. With only 20,436 residents, Pleasantville is the smallest city on this list when it comes to population, but it gives you the biggest bang for your buck. Edgewater is considered one of the best places to live in New Jersey for several reasons including: its close proximity to New York City (it is only about 16.4 miles away if you use FDR Drive and NJ Transit is fast and reasonably stress-free), safe and beautifully designed neighborhoods and affordable rental prices that range between $1,900 and $3,500. Rahway’s downtown district includes the historic Union County Performing Arts Center, where audiences can catch musicals, plays, concerts, independent films and more; and the city hosts several family-friendly events throughout the year, such as Independence Day fireworks shows and movies nights in the City Hall Plaza. Listed above are the most affordable places to live in New Jersey with a population of more than 5,000 people. A quick walk down to Weehawken’s Hamilton Park, and you can see the New York City skyline. To calculate the most affordable cities in New Jersey, the cost of living index for each city was calculated, then compared to the national average of 100. Incomes are also typically only around $55,000, keeping prices a bit lower that surrounding areas, both in terms of properties and local … Clifton is about 15 miles from both Newark and Jersey City, and it’s less than 30 miles from Manhattan, making it an ideal place for those who want to be near big-city action but enjoy a slower, more relaxed lifestyle. To figure out how bad a place is to live in, we only needed to know what kinds of things people like and then decide what places have the least amount of those things. We threw the following criteria into this analysis in order to get the best, most complete results possible. With 130 miles of coastline and a prime location that offers quick access to destinations like New York City, Philadelphia and Baltimore, there’s no denying New Jersey is one of the country’s best places to live. If you are thinking about moving to New Jersey, one of these best places may be the ideal spot for you. According to a survey released by SmartAsset, Clayton in Gloucester County is the most affordable town in N.J. to live in. Clifton is also conveniently located near the Garret Mountain Reservation, which covers 568 acres and has more than eight miles of blazed trails. Additionally, Trenton is home to Thomas Edison State University, one of the oldest institutions in the country designed specifically for adults. Home prices start at around $150,000, and go up to about $650,000. Home affordability map provided by SmartAsset.com. Trenton. "Specifically, we found the total cost over five years of these four expenses -- closing costs, taxes, insurance and mortgage payments -- for the average home in every county in the U.S. and every city with a population greater than 5,000. Another of our Best Places to Live picks, homes averaged just $269,000 in 2017, and after a year of development in the luxury homes market is still only about $430,000. Outdoor lovers will appreciate the Glassboro Fish and Wildlife Management Area and proximity to Wharton State Forest. Residents are within an hour from Atlantic City and Philadelphia. The Ironbound district in Newark is very safe as well but very limited parking. Princeton. The highest-rated categories for New Jersey were public transit, which received an A+ grade, and safety and low crime rate, which received a B. Find the South Jersey Times on Facebook. We are starting off our list with the last one, out of eight best places to live right outside NYC with the easiest commute, which share the 4th spot on our list. However, the cost of living here is among the highest in the area. New Brunswick’s 15-block downtown area is also filled with history as it includes buildings constructed from 1730 through the turn of the 19th century, and it’s a prominent entertainment destination with nearly 50 restaurants and venues like the State Theatre New Jersey and the George Street Playhouse. Quality of Life. It's got a very lively bar & restaurant scene and very charming. September, June and May are the most pleasant months in Edison, while January and February are the least comfortable months. The 10 Most Affordable Places To Live In New Jersey. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/21). These cities have the lowest cost of living in all of New Jersey. Fortunately, living in New Brunswick is a feasible option for many people. 60-70% of the people I work with are Indian and my recommendations are based on where I know they live. The Numbers: $355,400 median home value, $2,139 median rent. Edison, NJ Housing Market © 2021 Advance Local Media LLC. New Jersey renters gave their state a D overall. Home Price: $136,300 median purchase price; $1,061 median monthly rent; Crime Rate: Safer than 45% of Florida cities; Perfect For: Singles, young professionals, families; Looking for one of the best places to live in Orlando? 8. Top communities include Highland Park, Madison, Hoboken, The 5 Most Affordable Cities in New Jersey, The Best Socially Distanced Travel Destination in Every State. Value. We then took that five-year cost as a proportion of median household income in each county and city to determine affordability," the site said. If city living is for you, Trenton is a great option for keeping your cost of living down. The city also draws sports and entertainment fans with its Trenton Thunder baseball team, Sun National Bank Center and Patriots Theater. Below are the results of the survey starting from the most affordable: Kristina Pritchett may be reached at kpritchett@southjerseymedia.com. One of the safest places to live in Columbus is Bexley, a quiet and cozy suburb located just ten minutes east of downtown. According to a survey released by SmartAsset, Clayton in Gloucester County is the most affordable town in N.J. to live in. Located in Atlantic County, Pleasantville is just 5 miles from downtown Atlantic City, which is known across the U.S. as a top spot for entertainment. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Instead, we looked at the average cost of living, as well as key components such as transportation, housing, dining options and utilities. Because it’s situated 500 feet above sea level, the reservation gives visitors gorgeous views of northern New Jersey and New York City. An equal distance from New York City and Philadelphia, Princeton is best known as the home of Princeton University that opened in 1756. New Jersey's 10 Best Places To Live In 2020, Ranked - Manalapan, NJ - Real estate company Coldwell Banker has compiled a list of the 10 best areas to live … The community’s median home price is $240,700, and residents have a median household income of $38,399. With its low cost of living and quiet neighborhoods, Fort … Starting us off our list of best places to live in New Jersey is North Arlington, a suburb of 15,800 residents located in Bergen County, the most populous county in the state. Pleasantville’s median home price is $157,100, and residents have a median income of $40,521. Union City itself has quite a few restaurants, and a lot of Latin food to offer. The New Jersey governor’s official residence has been in Princeton since 1945, and the city remains among the highest rated communities in America to live … The tropical climate, good health care, and tasty ceviche also make Costa Rica an attractive place to live, especially for volunteers and teachers — you can stretch your budget pretty far. Peekskill. How we determined the worst Jersey City hoods in 2021. We then leverage that expertise to develop city rankings for a range of topics including small towns, college towns and our annual Top 100 Best Places to Live. The Garden State’s low cost of living adds to its appeal, and it’s a contributing factor to why many young professionals, families and retirees are putting down roots in the state. The area around Penn Station & Prudential Center is perfectly safe. Coming in as the fifth best is Woodcliff Lake. "I'm extremely excited and proud that Clayton has been recognized as the most affordable place in New Jersey to live, but more importantly that Clayton is a community where people want to live and to raise their families," Bianco said. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Follow her on Twitter @kristina_pritch. One of the main factors that makes Haddon Heights one of the best places to live in South Jersey is its relatively affordable real estate. 6.3. That comes out to $16,428 in annual benefits for a single person or $32,856 per year for a couple — about $25,000 less than the U.S. median household income of $57,617..
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