Moving to Jersey City? There are many factors why New Yorkers might consider relocating to Jersey City. Jersey City offers a good quality of life, home to both new development and enchanting energy from tiny cities. With its tree-lined streets, brownstones, and cafes, some parts of Jersey City even bear a strong resemblance to Brooklyn.
Being closer to work is another reason why some Manhattanites may move to Jersey City. Jersey City has even attracted many who work in finance, with easy access to the Financial District, and can commute to work in less time than, for example, those who live on the Upper East Side.
Lastly, because of the tax loophole, some may be drawn to Jersey City. You can actually save cash on your annual taxes if you live in New Jersey. You will not be subject to NYC taxes, which can range from 2.9-3.9 percent of your yearly income, even if you work in New York City. In addition, federal taxes in New Jersey are also lower than federal taxes in New York state, which can make life more affordable in Jersey City.
Guide Moving to Jersey City, NJ
In the past few decades, Jersey City has been steadily increasing. These days Jersey City is home to boutique shopping, specialized Wine Bars, Breweries, farmer’s markets, all at your doorstep. Barcade, which is both a gaming arcade and a bar, is one of the most fun bars to visit.
In Jersey City, a huge plus to life is that you don’t have to sacrifice quality, comfort, or convenience. Many of the accommodations in Jersey City are similar to those in NYC like the walking distance grocery stores rather than having to travel.
In Jersey City, there are also several immigrant communities that have authentic restaurants and grocery stores. Little India in Journal Square, which has a resemblance to Jackson Heights in Queens, is one place to visit for those who like Indian food.
Cost of Living in Jersey City
Generally, Jersey City is better value for money than NYC. The tax rate is not only lesser, but price comparisons show that Jersey City is affordable in all areas: rent, commercial property, food, menu prices, and utilities (though the internet may be slightly more expensive in Jersey City).
The average cost of renting a one-bedroom apartment in Jersey City is about $2500 a month, while the average cost of renting the same sized apartment in Manhattan is about $3500 a month. There are, however, different options for housing and affordability in the neighborhood.
The elevated apartment buildings throughout the waterfront of Jersey City offer many facilities, including concierge services, swimming pools, man-made resorts, and gyms. With views that face both Ellis Island and Downtown Manhattan. These flats or lofts can be furnished or unfurnished, which makes them very convenient to transfer. The median rent for these types of properties is $3000 a month, although the coronavirus pandemic may have caused rates to drop.
Another part of Jersey City is far more affordable compare to commercial areas. Greenville, Jersey City’s southernmost portion, offers better rates than Downtown Jersey City. Country Village is also a popular Greenville residential area. You’ll find Bergen-Lafayette next to Greenville, and you can rent a Victorian-style townhouse with a backyard and a car garage. Some areas of Bergen-Lafayette, such as Liberty State Park, provide you with a clear view of the Liberty Statue. The median rent for a one-bedroom is around $1300 in this area if you choose to live in an apartment.
There are areas of Jersey City that are better than others, so make sure to do public safety research in the communities you like.
There are plenty of ways to get around without one, while many in New Jersey own a vehicle. The area’s public transit system offers greater accessibility to Exchange Place, where most commercial banks house their commercial buildings. But Jersey City has excellent transportation ties to the city if you live in NYC.
Passengers will be thrilled to know that the options for public transport in NJ are secure, affordable, and quick. From Jersey City, the PATH train brings you to the West Village, World Trade Center, 14th Street, or Midtown. Exchange Place, Newark, and Grove Street have PATH stations that will take you to Manhattan in no time. It takes only 7 minutes to get from Grove Street to Lower Manhattan.
In addition, there are several ferry options, such as the Liberty Landing Ferry and New York Waterway. You can also take buses from New Jersey Transit that operate many times an hour, or the NJ Transit light rail from Bayonne to Hoboken to Union City.
If you are moving to Jersey City, the distance to Newark Liberty International Airport is another excellent aspect of life in Jersey City. Being near to an airport is key for those who travel a lot for work!
Also, Jersey City is a very walkable city that can be good for those who want to exercise outside. Around the waterfront, there are plenty of running and biking routes.
Moving to Jersey City?
Jersey City is a place to live that is fast-growing and fun! If you are a single young person, or someone seeking to secure a family, there are communities in Jersey City that can fulfill your style and at a more acceptable rate than you will find in New York City.
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