New Jersey is one of the most densely populated states in the US, but it still manages to amaze with its beautiful beaches and cultural diversity. It has great transportation connection to big hubs like New York City, Philadelphia, and Baltimore. And that’s the reason people from all backgrounds are choosing New Jersey for their new home. You can find more affordable housing while still being just a train ride away from the big city. Some of the cheapest places to live in New Jersey might even surprise you with benefits they have.
Why is everyone moving to New Jersey?
With that much influx of people, some areas of New Jersey are also becoming more and more expensive. And while that’s great for the economy, you might want to consider moving to a more affordable place. Here we will be looking at the cheapest places to live in New Jersey. Taking into consideration not only home prices but also other things that can influence your life. Those factors can include:
- Housing affordability index
- Property taxes
- Insurance costs
- Rent prices
- Income vs expenses
What NJ offers?
Not only is New Jersey a lot cheaper to live in then, let’s say, New York City, but it also has a lot to offer. With its long coastline and beautiful beaches, it’s truly wonderful place to live and raise a family. With a great connection to major cities, many people choose NJ for their home but still work in one of those cities. That way they have access to a huge job market while living in a more affordable place.
In the last two decades, almost every town in NJ has grown in population. More and more people have been choosing New Jersey as their new home. Buying a home here is a great investment since home prices have been on a steady rise for years. If you are thinking about moving to New Jersey there is no reason to wait. Start searching for moving companies NJ and make the move now. You will not regret it.
Factors that make a place more affordable
When looking for a more affordable town to move to there are many factors that you need to take into account. Starting with home or rent prices. As one of the biggest expense of your life, a living price has a big influence on the affordability of the place. But, while you might find a cheap home somewhere, but you don’t want to end up paying a lot for insurance or property taxes.
Other factors can also influence how cheap a place is. Factors like restaurant prices, transportation cost and even the availability of certain services. If you need to travel to another town every time you need to see a doctor, then that can influence the cost of living. While some places might be more expensive than the others, access to a better paying job market can make a place more affordable. It’s all about the balance of your potential income and the expenses that you might have.
Moving to a more affordable place
While many people see moving to a cheaper town as a downgrade, it can raise the quality of your life significantly. Paying less for housing leaves you with much more financial room to breathe in. Since many people are escaping the high prices of big cities like New York, even places like Hoboken are getting more expensive. Relocating to a less crowded and less expensive place can make your life less stressful and that much better. There are many beautiful towns in New Jersey that have great potential. Hiring Hoboken movers and moving to a more affordable place can be the best decision you can make in your life.
The cheapest places to live in New Jersey
Clayton, Gloucester County
Clayton is a town with a population of around 8 000 residents located in Gloucester County. It is one of the cheapest places to live in New Jersey. Which makes it perfect for anyone looking to commute to nearby Philadelphia or Atlantic City. It has a great connection to those cities and it is only half an hour away. Clayton has much lower crime index than both of those cities and its high school was ranked among the best schools in the US. All of that makes it perfect for raising a family. If you are an outdoor person you will love the Glassboro Fish and Wildlife Management Area. It’s great for bird lovers and hikers alike.
Beachwood, Ocean County
If you are the type of person who likes living near the coast, then Beachwood is a great place. This small town with a population of around 11 000 offers you cheap housing near some of the most beautiful beaches on the east coast. You will be pleasantly surprised that no matter where in Beachwood you decide to live, you will be only minutes away from the beach. Median home prices in Beachwood are up to 20% lower than the New Jersey average. And it makes it one of the cheapest places to live in New Jersey.
Gloucester City, Camden County
Originally founded all the way back in 1623 by the Dutch, it used to be called Fort Nassau. This historic town today has the population of over 11 000 residents. It is located on the Delaware River, just across Philadelphia. And it is a great place for anyone who is looking to live close, but not in it. Gloucester City has a great affordability index and it’s not hard to find a home here that costs under $100,000.
Franklin Park, Somerset County
Franklin Park is a town located between cities of Princeton and New Brunswick. If you decide to move here you will be just a short ride away from a lot of opportunities in these bustling cities. Also, Franklin Park has a bit higher home prices than other towns we talk about. But it’s one of the cheapest places to live in New Jersey since it has a higher median income. That paired with an easy access to two nearby cities makes it a great and affordable place to move to.