Homes for Rent in Jersey City, NJ: What You Need to Know
Jersey City is located in northeastern New Jersey, right at the mouth of the Hudson River. It’s so close to New York City that it’s fondly called the Big Apple’s “sixth borough.”
Local Job Opportunities
Jersey City benefits from being close to New York City. It’s a major terminus, distribution, and manufacturing hub for the Port of New York and New Jersey. The city has attracted some of the world’s biggest companies. Its top employers include Goldman Sachs (global investment banking), American Express (financial transactions), Thomson Reuters (enterprise software and network solutions), and Jackson Hewitt (tax preparation).
The Cost of Living in Jersey City
Living in Jersey City (population: 262,075) can be pricey, but compared to New York City, it’s more reasonable. That’s the reason so many people who work in the Big Apple live in Jersey City. Its cost of living rate, food, and housing costs are 83%, 4.2%, and 14.8% higher than the national average respectively. The median gross rent in the city is $1,334. New Jersey levies a progressive income tax rate ranging from 1.40% to 10.75%. The top rate is among the highest in the country. The state imposes a sales tax rate of 3.3125% to 6.625%.
Know Your Neighborhoods
Jersey City is considered a New York City suburb, hence, the “sixth borough” nickname. Downtown offers a gorgeous view of the Manhattan skyline. Residents love the Hudson River Waterfront Walkway, a great place for walking, running, or biking. The majority of Jersey City residents are renters. You might find even cheaper housing options in Newark, Union, and Elizabeth, which are a short drive away. Like Jersey City, those communities have a lot of renters.
Weather and Climate
Jersey City receives about 26 inches of snow per year compared with the national average of 28 inches. However, in March 2018, a nor’easter hit New Jersey and dumped more than 25 inches of snow within a few days on Jersey City and other parts of the state. The city averages 48 inches of rain annually versus the U.S. average of 38 inches. You can expect about 217 sunny days per year, higher than the national average of 205 sunny days.
Getting Around the City
You’ll find reliable mass transit options in Jersey City – New Jersey Transit bus and light rail and Port Authority Trans-Hudson (PATH) train. NJ Transit buses and light rail link major points in New Jersey, New York, and Philadelphia. PATH is a rapid transit system connecting Jersey City and other northeastern New Jersey cities with Lower and Midtown Manhattan. Airports closest to Jersey City are Newark Liberty International Airport (New Jersey) and JFK International Airport and La Guardia Airport (New York).