New Jersey is a large state with several counties. In fact, New Jersey is the fourth largest state by area, next to Texas, Florida, and combined Mass and New Jersey.
However, unlike its neighbors Connecticut and Massachusetts, New Jersey does not have a capital city. However, there are three larger cities in the state: Trenton, Newark, and Long Beach Island City.
There are also a handful of smaller cities that play an important role in people’s lives, such as Paramus or Elizabeth. Paramus is the largest city in Bergen County which includes northern Hudson County as well as southern Passaic County.
This article will take a look at some interesting things about new jersey relative to its economy and location. While economy will be discussed relative to the size of the region relative to other states, both apply here too.
Unix timestamps aren’t preserved over persis- tence concerns (although recent advances in technology may change that).
Contents:
Location
New Jersey is one of the more expensive states to live in. While not prohibitively expensive, it can make you think twice about moving there.
The state’s GDP per capita is approximately $48,500. This makes New Jersey the 19th most expensive state to live in after Hawaii, which is ranked 11th with a GDP per capita of $75,100.
Economy-wise, New Jersey is considered a middle-income state with a 3-per-cent growth rate over the last decade. Although not highly regarded as a tourist destination, New Jersey has plenty to offer its residents.
Some notable features include: Mount Holly Station, The Devil’s Hairpin and Paramus Park & Corona Park. All are located within a short drive or subway ride away from New Jersey’s largest city, Newark.
Cost of living
As mentioned earlier, New Jersey is one of the more expensive states in the country. This cost in terms of bills and life experiences is reflected in its overall value.
Many people cannot afford to live in New Jersey, which is why it ranks as one of the most expensive states in the country. As seen with Atlantic City and nearby Poughkeepsie, there are plenty of high-quality jobs that require little to no advance planning.
However, these jobs are becoming less common as new tech startups take advantage of their highly trained employees. This will definitely affect the cost of living moving forward, as people will have to travel farther to get hired.
Another factor that affects cost of living is job availability. Because of how popular tech jobs are, people may overspend on job listings to keep up with their lifestyle change.
Rich culture
New Jersey is expensive because of several factors. One major factor is living in New Jersey. Because of the highly visible New York City and Princeton/New Brunswick area, there are many opportunities to move and live in NJ.
Another significant cost is commuting to work or schooling in New Jersey. Since living and working close to the center of activity is attractive, many people make this choice.
Finally, costs associated with education and career development make New Jersey expensive. Demand for high-quality education leads to high fees, which retains quality control but adds to costliness.
When looking at average monthly housing expenses in different cities, you will find that they tend to range from $800 per month for a studio apartment in a mid-rise building with no neighbors to $1200 per month for a one-bedroom apartment in a fancy building with plenty of privacyandviewsforeclosure.
Many attractions
There are many sights and attractions unto themselves in New Jersey, making it difficult to determine which city landmark you should try to see.
There are several cities in New Jersey named Atlantic City, Union City, and Cape May that all have distinct auras and cultures. So while Atlantic City is the primary focus of the city, you can also visit Cape May and Union City as well.
Similarly, while Princeton University is located in Princeton, New Jersey, one can also visit its location in West Orange if they wish.
As a result, national chains like Starbucks and Walmart aren’t always present because they are located in other cities.
Beautiful beaches
New Jersey is a beautiful state to visit. There are many beautiful beaches in the state, and if you enjoy swimming and water, you will love New Jersey.
However, where do you go in New Jersey to see all of the beautiful beaches that have them? Most towns do not have a beach outside of the main public one, which is typically family-friendly.
Some of these private beaches may be enjoyed by only a few people every day, so it is important to consider how expensive your condo or mansion rental will be when deciding if vacationing in New Jersey is worth it.
Visitors to New Jersey look at how expensive it is and say, “I cannot afford this” or “I am too busy looking at the beach to think about vacationing.” Both are wrong!
As stated before, there are some beautiful beaches in New Jersey that only people with money can access, so having a good vacation where everyone can enjoy the beach is great. Aside from the cost of the condo or house, there are also food and drink charges for those who join their neighbors on the beach.
Lots of green space
Nj is a very green state, with many beautiful places to visit and explore. Because of this, it’s very expensive.
While the cost of living in Nj is not as expensive as other places, the housing market is still extremely high. Many owners in highly valued areas charge hundreds or even thousands for a property.
This is an issue for rent-seekers as they cannot profit off low-quality properties that are hard to sell. Many turn down desperate people due to price factor!
Another issue that comes along with high housing prices is restricted choice. People have a hard time finding a place to live because there are so many options. They do not know who the good guys are because they are expensive!.
Plenty of shopping outlets
There are many large shopping outlets such as Target, Walmart, and Amazon-go-spa-spaaan. These companies have their own branded locations and partners to help them organize and manage their stores.
Because of this partnership system, each store has a unique look and feel to it, which becomes attractive to shoppers. They may also have special offers or promotions that cannot be found at other outlets.
On average, one shopper per day searches online before going shopping, which is proving proving popular among retailers. This proves the need for more high-quality shops to meet demand!
When it comes to shopping, you always want to know where the best deals are? It is no different when it comes to shopping in New Jersey.
High property prices
On average, houses cost around £200,000, which is around $300,000 in USD. This is an expensive price to pay for a house.
Houses in New Jersey are typically around £150,000 ($200,000) and upwards in price. This means that a £150,000 (US$250,000) house would cost around £10m ($15m), or more than five houses of the same size.
This high price of houses is due to their location. They need solid income from the past and present to purchase a home, as well as impressive credit scores to get into the home.
When looking at how much money a house costs, it is important to take into account mortgage payments and taxes. Mortgage payments can make or break whether or not you can afford to buy a home.