Situated between the vibrant metropolis of New York City and the rich history of Philadelphia, New Jersey offers its residents easy access to two major cities, along with a diverse mix of urban areas, suburbs, and coastal towns. With its high population density, the state boasts a wide range of communities and lifestyles. While many people appreciate the convenience and opportunities that New Jersey provides, there are also drawbacks such as high housing costs and heavy traffic. Whether you’re in the market for homes for sale in Newark or apartments in Trenton, read on to explore the pros and cons of living in New Jersey to help you make an informed decision.
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Quick Facts about New Jersey
| Population | 9,288,994 |
| Median home sale price | $547,500 |
| Average rent in New Jersey | $2,310 |
| Largest cities in New Jersey | Newark, Jersey City, Paterson |
Is New Jersey a good place to live?
For many individuals, the answer is affirmative. New Jersey presents a plethora of opportunities, especially for those seeking access to major city amenities without residing directly in New York or Philadelphia. The state’s strategic location is a key advantage, offering reliable transit systems and short commutes to both metropolitan areas. Residents can benefit from strong public schools in various districts, a diverse cultural scene, and a range of neighborhoods spanning from peaceful suburbs to bustling urban centers.
However, the high cost of living remains a challenge. With elevated housing prices and property taxes ranking among the highest in the nation, daily expenses can accumulate rapidly. Traffic congestion is prevalent in densely populated regions, and some areas lack adequate infrastructure. Despite these drawbacks, many individuals find that the advantages—such as location, opportunities, and lifestyle—outweigh the disadvantages.
1. Pro: Proximity to major cities
Living in New Jersey offers the unique advantage of being close to major cities like New York and Philadelphia. This geographical proximity provides residents with access to a wealth of opportunities for work, entertainment, and cultural experiences. Many New Jerseyans commute to New York City, allowing them to tap into the bustling job market, world-class dining, and iconic landmarks while enjoying the comforts of suburban life. Additionally, residents can easily attend Broadway shows, visit renowned museums, or partake in professional sports events in these nearby urban centers.
2. Con: Heavy traffic congestion
One of the notable downsides of residing in New Jersey is the persistent issue of heavy traffic congestion. The state’s strategic location near major metropolitan areas like New York and Philadelphia results in crowded roadways and long commutes, which can be frustrating for residents. The extensive highway network and densely populated urban centers, coupled with inadequate public transportation in certain areas, contribute to daily gridlock and time-consuming travel.
3. Pro: Beautiful beaches
New Jersey’s coastline boasts a collection of stunning beaches that make it an enticing destination for those contemplating a move to the state. With over 130 miles of pristine shoreline along the Atlantic Ocean, New Jersey offers residents an ideal escape from their daily routines. The state’s beaches, including the Jersey Shore, Wildwood, Cape May, and Long Beach Island, are renowned for their expansive sandy stretches, perfect for sunbathing, swimming, and water sports.
4. Con: High cost of living
Residing in New Jersey is accompanied by a significant cost of living, with the median home sale price notably higher at $547,500 compared to the national median of $438,000. This disparity in housing affordability poses a considerable challenge for residents. Moreover, the cost of living in Newark, a major city in New Jersey, is 14% higher than the national average. Despite the state’s numerous opportunities and amenities, the elevated costs for housing, utilities, and everyday essentials can strain many individuals financially. Nonetheless, there are affordable living options in New Jersey outside of popular metropolitan areas.
5. Pro: Various outdoor recreational activities
New Jersey’s diverse topography offers a plethora of outdoor recreational activities, making it an ideal destination for nature lovers and thrill-seekers. From the picturesque Appalachian Highlands in the north to the tranquil Pine Barrens in the south, the state provides a wide array of options for outdoor enthusiasts. Hiking and camping opportunities abound in the state’s numerous state parks and forests, such as High Point State Park and Wharton State Forest, where visitors can explore scenic trails and immerse themselves in nature.
6. Con: Below-freezing winters
New Jersey’s winters are characterized by harsh and unpredictable weather, often viewed as a downside of residing in the state. With temperatures frequently dropping below freezing and the potential for substantial snowfall, residents must navigate cold weather conditions and the associated challenges. Snow and ice can result in slippery roads, traffic disruptions, and the need for extensive snow clearing efforts. Additionally, winter weather can limit outdoor activities and impact daily routines.
7. Pro: Excellent public transportation options
The New Jersey Transit system offers extensive train and bus services connecting various parts of the state, facilitating daily commutes or weekend trips to urban centers. The PATH train links New Jersey to Manhattan, providing a fast and efficient mode of travel to New York City’s core. Furthermore, the state’s ferry services offer a scenic and enjoyable means of crossing the Hudson River. Reliable public transportation not only reduces the reliance on car ownership but also helps alleviate congestion and promote environmental sustainability.
8. Con: Highest property taxes in the country
New Jersey holds the distinction of having the highest property taxes in the nation, a significant drawback of residing in the state. The effective property tax rate in New Jersey stands at a staggering 2.33%, more than double the national average of 0.90%. This burden of property taxes places a substantial financial strain on residents, impacting their overall cost of living and affordability. High property taxes can escalate the costs of homeownership and renting, a factor that individuals and families must consider when planning for their financial future in the Garden State.
9. Pro: Strong job market
New Jersey’s dynamic job market, strategically positioned in the Northeast corridor, offers diverse employment opportunities across sectors such as corporate headquarters, pharmaceuticals, healthcare, technology, finance, logistics, and academia. The state’s focus on economic development, robust infrastructure, and skilled workforce makes New Jersey an appealing destination for job seekers.
10. Con: Vulnerability to coastal storms and flooding
New Jersey’s susceptibility to coastal storms and flooding is a significant concern, particularly in coastal and low-lying areas like Cape May. Positioned along the Atlantic Ocean, New Jersey faces an increased risk of hurricanes, nor’easters, and severe weather events that can result in severe flooding, property damage, and disruptions to daily life. Rising sea levels and aging infrastructure further compound the state’s vulnerability to these natural disasters. Coastal communities often bear the brunt of these challenges, necessitating costly mitigation measures and insurance coverage.
Methodology: The population data is sourced from the United States Census Bureau, while the median home sale price and average rental data are obtained from the Redfin Data Center.