New Jersey Living Report — July 07, 2026

New Jersey, with a population of 9,249,063, is a state that embodies a unique blend of urban and suburban living, making it an attractive option for those considering relocation. One of the primary concerns for anyone thinking of moving to the Garden State is the cost of living. The median rent for a one-bedroom apartment is $1,577 per month, while the median home value is $401,400. These numbers indicate that housing in New Jersey can be pricey, but they also reflect the state’s desirable location and high standard of living.

The job market in New Jersey is strong, with an unemployment rate of 4.2% as of May 2026, lower than the national average. The state’s median household income is $97,126 per year, which is significantly higher than the national median. This suggests that New Jersey offers a range of well-paying job opportunities, particularly in industries like healthcare, technology, and finance. Finklick tracks 113 cities in New Jersey, providing a comprehensive overview of the state’s diverse economic landscape. The median age of 40.0 years old indicates a relatively stable and established population, with a mix of young professionals, families, and retirees.

When it comes to affordability, the picture is mixed. While the median household income is relatively high, the cost of housing is also significant. Renters can expect to spend around 19% of their income on a one-bedroom apartment, assuming the median rent and household income. This is slightly above the general guideline that housing costs should not exceed 30% of income. However, for those who can afford it, New Jersey offers a high quality of life, with excellent schools, beautiful beaches, and a vibrant cultural scene. The state’s poverty rate of 9.5% is lower than the national average, indicating a relatively strong social safety net.

New Jersey attracts a diverse range of people, including families drawn to the state’s excellent schools and safe communities, retirees who appreciate the state’s scenic beauty and recreational opportunities, and remote workers who value the state’s proximity to New York City and Philadelphia. The state’s urban areas, such as Jersey City and Hoboken, offer a more fast-paced lifestyle, while the suburbs and coastal towns provide a more relaxed pace of life.

Looking to the future, New Jersey is poised for continued growth and development. The state’s strong economy, excellent schools, and high quality of life make it an attractive option for people from all over the country. As the job market continues to evolve, with a growing focus on technology and innovation, New Jersey is likely to remain a hub for entrepreneurs, startups, and established companies alike. With its unique blend of urban and suburban living, beautiful natural scenery, and diverse community, New Jersey is an exciting place to call home, and its outlook for the future is bright. As the state continues to attract new residents and businesses, it is likely to remain a vibrant and dynamic place to live, work, and thrive.

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Browse utility costs, housing data, Census demographics, and climate data for all 113 tracked cities in New Jersey.

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Data: US Census Bureau ACS 2022, BLS. Updated July 07, 2026.