Jersey City Cost Of Living Guide

If you've already decided to move to Jersey City, congratulations! You've chosen one of the most vibrant and diverse cities in New Jersey. Located just across the Hudson River from New York City, Jersey City has evolved into a bustling metropolis with its own unique identity and charm.

But before you pack your bags and head to this exciting city, it's essential to understand the cost of living in Jersey City. From housing to transportation, groceries to entertainment, let’s give you an overview of the expenses you can expect as a resident of Jersey City.

Is Jersey City Expensive To Live In?

Yes, indeed, Jersey City does come with a higher cost of living than most places. In fact, its cost of living index is 26% greater than the national average.

The expenses you'll need to cover can range widely based on different elements, such as your profession and the income it brings, as well as the current state of the real estate market in the area.

Here's an eye-opener - Jersey City, often called the 'Invisible Sixth Borough' of New York City, has recently taken the top spot as the most expensive city to live in America. This new ranking is a clear indication of the economic dynamics of this vibrant city.

The cost factor may seem daunting at first glance, but remember, the quality of life, opportunities, and the unique charm that Jersey City offers could well justify the price tag for many.

What Is The Cost Of Living In Jersey City?

Let's break down the cost of living in Jersey City into different components to give you a better overview of what to expect.

Average Grocery Costs

If you plan on moving to Jersey City, your grocery bill might be slightly higher than what you're used to. On average, you'll find that grocery prices in Jersey City are about 4% higher than the national average.

Take bread, for example. You'll typically spend around $4.04 for a loaf. When it comes to dairy, a gallon of milk is priced at about $2.53.

If eggs are a staple in your diet, expect to spend approximately $2.34 for a carton. Fresh fruit, like a bunch of bananas, will set you back around $3.50. And if you're a meat lover, a standard hamburger will cost you $5.34.

These costs give you a glimpse into the grocery expenses you can expect as a resident of Jersey City. It's a small but significant factor in the overall cost of living, influencing your budget and lifestyle decisions.

Rent, Utilities, And Services

Jersey City, with its vibrant charm, can be a costly place when it comes to housing. The median home price in this city stands at an impressive $782,767, which is considerably higher, 74% to be precise, than the national average.

If buying a home seems too steep, renting is an alternative. The median rent in Jersey City is $2,380 per month.

Pro tip: Check out our guide on apartment hunting in Jersey City if you need some insider tips.

Utility costs in Jersey City also lean towards the higher end. On average, your monthly energy bill would be around $194.50, which is about 10% higher than the national average. The same applies to your phone bill, which could average around $209.24 per month.

Transportation is another factor to consider. In Jersey City, you'll find that both bus fares and gas prices are approximately 10% higher than the national average. For instance, you'll pay about $3.74 per gallon for gas.

Healthcare Costs

Healthcare in Jersey City is one area where you might find some savings. On average, healthcare costs are about 2% lower than the national average.

A regular doctor's visit will cost you around $122.41, and a trip to the dentist is priced at approximately $105.61. If you need to see an optometrist, expect the bill to be around $115.31. Prescription medication costs an average of $451.03, a significant expense for those with ongoing medical needs.

Pet owners can expect a break, with the average cost of a veterinary visit being $64.88. These costs can quickly add up, so it's important to budget and have a financial plan in place for any unexpected medical expenses.

Entertainment And Leisure Activities

You're in for a treat regarding entertainment and leisure activities. This city is a bustling hub of fun, offering a diverse range of options to experience. From laid-back neighborhood pubs along the Jersey City Waterfront area to vibrant downtown clubs, Jersey City has it all.

A casual dinner for two at a local pub would set you back around $87, a fair price for a delightful evening in a charming setting. If you're in the mood for a movie, a pair of tickets would cost you roughly $32. For those who enjoy the arts, two tickets to a theater show featuring the best seats available come to about $107.

Craving Italian cuisine? A complete dinner for two, from appetizers to dessert, paired with a bottle of wine at an Italian restaurant in the expat area, costs around $97.

If you're up for a night out clubbing, a cocktail drink in a downtown club costs about $13. For more casual outings, a cappuccino in the expat area is priced at $4.81. At the same time, a 500ml beer at a neighborhood pub would cost around $6.

As you can see, Jersey City offers a vast array of entertainment options to suit your lifestyle and budget. It's a city that ensures every moment spent is worthwhile.

What Is The Average Salary In Jersey City?

As of October 2023, the average annual salary in Jersey City stands at $87,676. To break that down for you, it pans out to roughly $42.15 an hour, which equates to about $1,686 a week or $7,306 a month.

But bear in mind, salaries aren't the same. Most people in Jersey City earn between $69,757 and $106,174 annually. That's the 25th to 75th percentile range. The actual pay can differ significantly based on your job, experience, skills, education level, and other factors.

For instance, the average salary for a software engineer in Jersey City is around $114,892. At the same time, a registered nurse can earn an average of $98,460. A marketing manager's annual income would be about $83,963 on average.

So, as you consider life in Jersey City, balance the cost of living with the potential earnings. This data could be a valuable tool in making an informed decision about your next move.


While Jersey City may have a higher cost of living than other cities in the United States, it offers plenty of job opportunities and a vibrant lifestyle. Its diverse community, rich culture, and various entertainment options make it an attractive destination for expats.With proper planning and budgeting, you can comfortably live and work in this bustling city. At Hudson Condos, we’re ready to help you, whether you need help finding a new construction condo or a family home. Our experienced agents can match you with your dream home.

Featured Communities in Jersey City, NJ

Browse all Weehawken communities

Featured Communities in Hoboken, NJ

Browse all Hoboken communities

Featured Communities in Weehawken, NJ

Browse all Weehawken communities