Jersey

The cost of living in Jersey City, New Jersey is 31% more than the national average. The cost of living in any place might vary depending on factors such as your occupation, the average pay, and the local real estate market. PayScale's Cost of Living Calculator will help you learn more about how your unique needs will be considered when determining how much it would cost you to relocate.

Jersey City's housing costs are 89 percent more than the national average, and its utility bills are 11 percent higher. Transportation costs, such as bus fares and petrol prices, are 8% more than the national average. The expense of personal income tax is limited to a maximum of 20%. This rate also applies to sole proprietorships and partnerships' tax-adjusted profits. There are no additional tax brackets, capital gains tax, or inheritance tax.

While Jersey is a great area to reside, the island is 45 square miles in size, thus room is limited. Accommodation costs may be greater in comparison to other nations. This is due to a lack of available space and rising property costs. This also contributes to the island's higher inflation rate.

Cost of Living Index: 92.02
Rent Index: 65.33