New Jersey Living Report — July 10, 2026

New Jersey, with its diverse landscape and proximity to major cities like New York, is an attractive option for those considering relocation. As of the latest data, the state is home to approximately 9,249,063 residents, with a median age of 40.0 years. One of the primary concerns for anyone thinking of moving to New Jersey is the cost of living. The median household income in the state stands at $97,126 per year, which, while considerable, needs to be weighed against the expenses of living there. For instance, the median rent for a one-bedroom apartment is $1,577 per month, and the median home value is $401,400.

The housing market in New Jersey presents a mixed bag for potential residents. On one hand, there’s a wide range of housing options, from apartments in urban areas to single-family homes in suburban neighborhoods. However, the costs can be prohibitive for some. Finklick tracks data for 113 cities in New Jersey, providing potential residents with a comprehensive view of the housing landscape across different regions. This variability can help individuals find a location that fits their budget and preferences.

In terms of employment, New Jersey boasts a relatively stable job market, with an unemployment rate of 4.2% as of May 2026. This suggests that there are opportunities available for those looking to join the workforce or transition into new roles. The state’s economy is diverse, supporting a wide range of industries, which can be appealing to job seekers. However, it’s worth noting that the cost of living, particularly housing, might affect the affordability of life in New Jersey for some individuals.

An affordability analysis reveals that for the average household, rent could consume a significant portion of income. Assuming the median household income of $97,126 per year, or about $8,093 per month, and using the median one-bedroom rent of $1,577, rent would account for roughly 19.5% of monthly income. This is still below the general guideline that housing costs should not exceed 30% of income, but it underscores the need for careful financial planning for those considering moving to the state.

New Jersey attracts a diverse range of residents, including families drawn to its good schools and safe communities, retirees who appreciate its scenic beauty and recreational opportunities, and remote workers who value the flexibility and quality of life it offers. Despite having a poverty rate of 9.5%, the state’s overall quality of life, combined with its economic opportunities, makes it an attractive destination for many.

Looking forward, New Jersey’s outlook is promising. With ongoing investments in education, infrastructure, and economic development, the state is poised to remain a competitive and desirable place to live. As more people discover the benefits of living in New Jersey, from its beaches and parks to its vibrant cities and cultural events, it’s likely that the state will continue to grow and evolve, offering new opportunities for its residents and attracting even more newcomers to its shores.

Explore New Jersey Cities

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 10, 2026.