I think it goes without saying that most people who live in the Garden State, probably feel we are an "expensive" state to live in. So would it surprise you that New Jersey is one of the Top 10 most expensive states to live in America? I doubt it.

 

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Stacker recently put together an article that listed the Top 10 most expensive states to live in. "Many factors go into calculating the cost of living, but housing is a central point. In areas of the country—particularly on the coasts—where land is scarce, but many people want to live, increased demand puts more pressure on housing prices and apartment rents."

Top 10 States/Districts

#10. Maine

#9. New Jersey

#8. Oregon

#7. Maryland

#6. Alaska

#5. New York

#4. California

#3. Massachusetts

#2. Washington DC (NOT A U.S. STATE)

#1. Hawaii

 

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According to rentcafe.com, "The cost of living in New Jersey is 13% higher than the national average. Housing is 31% higher than the national average, while utilities are 8% higher. When it comes to basic necessities such as food and clothing, groceries are around 4% higher than in the rest of the country, while clothing costs 4% higher."

 

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Property taxes, car insurance, healthcare, utilities, food, housing, etc. It all adds up each month and reaches into our wallets here in New Jersey. According to Stacker, "Apartment rents in New Jersey have spiked, particularly in Jersey City. Many New Yorkers have relocated across the Hudson River to this city for more space with the same urban feel and relative accessibility to New York. Other parts of the state have cheaper housing, but overall, housing costs are considerably higher than the U.S. average."  In New Jersey, the average cost of living index: is 118.6

 

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