Jersey

Jersey, New Jersey is a mid-size city with a population of approximately 291,657. The overall cost of living index sits at 139, which is significantly above the national average of 100. This means everyday expenses — housing, groceries, transportation, and healthcare — are roughly 39% more expensive compared to the typical U.S. city.

Housing is the largest cost driver in Jersey. Median rent is $3,048 per month, while the median home price is $653,810. At a median household income of $94,813, rent consumes roughly 39% of gross income, which represents a moderate housing cost burden. The housing sub-index of 197 highlights significantly elevated shelter costs.

Beyond housing, healthcare is the most elevated non-shelter expense in Jersey with a sub-index of 143, while utilities is comparatively more affordable at 128. State-level taxes also shape the true cost of living: New Jersey applies a 10.75% income tax rate, and property tax averages 2.08% of assessed home value. The combined sales tax rate is 6.63%. Local income tax may apply in some municipalities.

Over the past twelve months, the cost of living in Jersey has remained relatively stable. Among the 4 tracked cities in New Jersey, Jersey ranks #4 from most to least affordable. Whether you're evaluating a job offer, planning a relocation, or comparing salary purchasing power, these numbers give a grounded, data-backed view of what life in Jersey actually costs.