New York, NY vs Jersey City, NJ
Cost of living comparison · 2023 Census ACS data
Quick Summary
The unusual case here is that Jersey City wins on both housing and income simultaneously — 29% cheaper on a typical home and 16% higher on median household income than New York. Most city-to-city comparisons trade one for the other.
Median Home Value
$751,700
$534,500 ✓
Zillow Home Value
$812,534
$653,809
Median Gross Rent
$1,779/mo ✓
$1,902/mo
Owner Occupied %
32.8%
28.8%
Price-to-Rent Ratio
35.2x
23.4x
Median Household Income
$79,713
$94,813 ✓
Per Capita Income
$50,776
$57,746
Unemployment Rate
7.7%
5.8% ✓
Poverty Rate
17.4%
15.6%
Avg Commute (min)
44.8 min
40.6 min
Drove Alone %
21.9%
28.1%
Public Transit %
45.5%
37.1%
Work From Home %
15.0%
21.6%
State Income Tax
10.9%
10.8%
Total Sales Tax
8.5%
6.6% ✓
Property Tax Rate
1.7%
2.5%
Bachelor's Degree %
23.6%
29.4%
Median Age
38
34.7
Avg High Temp
62.6°F
63.8°F
Annual Precipitation
49.5"
46.6"
Annual Snowfall
29.8"
31.5"
New York, NY 1 wins
- ✓Median Gross Rent
Jersey City, NJ 4 wins
- ✓Median Home Value
- ✓Total Sales Tax
- ✓Median Household Income
- ✓Unemployment Rate
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