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We may be biased, but New Jersey is one of the best states to live in!
The dynamic history, the beautiful Jersey Shore coastline and great eats from famous diners and local farmer’s markets make the Garden State a pleasant and entertaining place to live. We also have a dense population that keeps things interesting. Some residents were born and raised in NJ, while others have come to our state from NYC to seek a quiet, suburban lifestyle. Our close proximity to other cities, including Philadelphia, Manhattan and Boston, also make NJ a hotspot.
The one downfall to NJ is that we are an expensive state. In fact, a recent study from Trulia reported that in Bergen County alone, only 19 percent of homes are within reach for middle-class families. A family with a median income of $56,000 could afford a home in Bergen County priced at $274,000. Unfortunately, homes in this price range are rare. We are talking about some of the most expensive counties in the country after all.
So, if you’re currently looking for a new home in NJ and have moderate earnings, where are some of the best – but affordable – places to live?
Below is a great chart to reference, courtesy of Fred Kaimann/The Star Ledger, with data from Trulia. This comprehensive chart is an excellent tool for middle-class families looking for an affordable home in the Garden State.
|
County |
Percentage of homes within reach for middle class |
Median square foot of affordable homes |
Median household income for metro |
Maximum affordable home price |
|
Atlantic |
51% |
1,248 |
$51,191 |
$218,000 |
|
Bergen |
19% |
1,410 |
$56,007 |
$274,000 |
|
Burlington |
72% |
1,497 |
$68,241 |
$272,000 |
|
Camden |
86% |
1,376 |
$68,241 |
$272,000 |
|
Cape May |
37% |
1,040 |
$57,001 |
$270,000 |
|
Cumberland |
74% |
1,302 |
$47,072 |
$191,000 |
|
Essex |
55% |
1,760 |
$70,062 |
$294,000 |
|
Gloucester |
78% |
1,536 |
$68,241 |
$272,000 |
|
Hudson |
40% |
825 |
$56,007 |
$274,000 |
|
Hunterdon |
34% |
1,418 |
$70,062 |
$294,000 |
|
Mercer |
70% |
1,316 |
$67,991 |
$278,000 |
|
Middlesex |
63% |
1,432 |
$75,355 |
$326,000 |
|
Monmouth |
45% |
1,448 |
$75,355 |
$326,000 |
|
Morris |
32% |
1,353 |
$70,062 |
$294,000 |
|
Ocean |
66% |
1,437 |
$75,355 |
$326,000 |
|
Passaic |
42% |
1,503 |
$56,007 |
$274,000 |
|
Salem |
92% |
1,404 |
$62,075 |
$319,000 |
|
Somerset |
45% |
1,320 |
$75,355 |
$326,000 |
|
Sussex |
65% |
1,381 |
$70,062 |
$294,000 |
|
Union |
54% |
1,360 |
$70,062 |
$294,000 |
|
Warren |
55% |
1,389 |
$55,766 |
$249,000 |
