According to a report from the Agency for Healthcare Research and Quality, New Jersey residents contribute well above the $1,415 national average for single coverage healthcare. If you’re open to a new bank, check out your options in New Jersey, like. This is just a tick higher than the $2.90 national average. Source: Wikipedia (as of 04/11/2019). How Much Do I Need to Save for Retirement? The high home prices in the Garden State may mean y… - 7/24/2019 I have lived in New Jersey for 10 years and its has been very tough to get by, high cost of food, High tax, Rent on average is about 1900 a month, housing costs … * For New Jersey resident and Non-New Jersey resident students living on campus, the value for Room & Board is $12,995 and Additional Indirect Cost is $4,100. Bank of America® Travel Rewards Visa® Credit Card Review, Capital One® Quicksilver® Cash Rewards Credit Card Review, 7 Mistakes Everyone Makes When Hiring a Financial Advisor, 20 Questions to Tell If You're Ready to Retire, The Worst Way to Withdraw From Your Retirement Accounts. If you don’t take public transportation, you’ll need to pay for a car. That’s more than five minutes longer than the average commute in the U.S., which is 26.4 minutes. Once you have purchased and moved into your new home, there will be utility and maintenance costs as well as property taxes and home insurance that will contribute to your, New Jersey is ranked number 14 out of all states in overall healthcare access and affordability. 4 Hidden Costs for International Students While Studying in the U.S. While the schools set these amounts, it’s up to you to prove that you can cover at least this amount to secure your I-20 form and US F-1 study visa. With the national one bedroom median being $947, that leaves a $295 split nationwide. In Trenton, it’s $136.90 and in Jersey City it’s $178.95. This is significantly higher than the national average of 1.19%. The average monthly energy bill in New Jersey is $102.38, according to the U.S. Energy Information Administration (EIA). What is it? Financial advisors are often experts in long-term financial planning, and they can be a huge help when you’re making a big move to a new state. That’s over $9 cheaper than the U.S. average of $111.67. Property taxes in the Garden State are the highest in the nation, however, with an average effective property tax rate of 2.40%. The top tax rate in New Jersey’s progressive state tax system is 8.97%. The high home prices in the Garden State may mean you need a mortgage to finance your home. Ask our Home Buying expert. Compare the Cost of Living in Jersey … Jersey City carries a $448,778 median home value. New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newark Bay, and the Arthur Kill); on the east by the Atlantic Ocean; on the southwest by Delaware across Delaware Bay; and on the west by Pennsylvania across the Delaware River. Healthcare costs make up a significant part of the. If you own a home in your former location the sale of that home needs to be completed as well. Check out our New Jersey mortgage calculator to see what your monthly payments could look like. Want to stock your home or apartment with groceries in New Jersey? Aside from Princeton, New Jersey residents have lots of options for higher education, including Stevens Institute of Technology, Rutgers, The College of New Jersey and New Jersey Institute of Technology. As a result, New Jersey rents are well above average. New Jersey is a notoriously expensive state to live in. New Jersey taxes are among the highest in the nation. Jersey City carries a $448,778 median home value. New Jersey is ranked number 14 out of all states in overall healthcare access and affordability. That’s $257 above the national average. Compare the cost of living in United Kingdom with Spain; Compare the cost of living in New Zealand with Mexico List of prices in Jersey City, New Jersey (United States) for food, housing, transportation, going out, and more on Nov 2020. Many of New Jersey’s residents commute by public transportation. Photo credit: ©iStock.com/jyeater, ©iStock.com/TheaDesign. Prospective international students should budget for extra costs like taxes, comfort foods and holiday travel. Prices can be higher in big cities, though. Compare the Top 3 Financial Advisors For You. One bedroom apartments in New Jersey follow suit, as their median rent is $1,242.