Jersey City, NJ vs Middlesex-Somerset-Hunterdon, NJ
A 2-bedroom in Middlesex-Somerset-Hunterdon costs $277 less per month than Jersey City ($2,486 vs $2,763). Median income is $97,334 in Jersey City and $97,334 in Middlesex-Somerset-Hunterdon. That's a difference of $3,324 per year in housing costs.
Side-by-Side Comparison
| Metric | Jersey City | Middlesex-Somerset-Hunterdon |
|---|---|---|
| Studio FMR | $2,407 | $1,804 |
| 1BR FMR | $2,458 | $1,978 |
| 2BR FMR | $2,763 | $2,486 |
| 3BR FMR | $3,367 | $2,981 |
| 4BR FMR | $3,955 | $3,296 |
| Median Income | $97,334 | $97,334 |
| Rent Burden | 34.1% | 30.6% |
| Actual Median Rent | $1,780 | $1,780 |
| Median Home Value | $587,400 | $587,400 |
| Population | 19.8M | 19.8M |
| Renter % | 48.5% | 48.5% |
| Vacancy Rate | 7.9% | 7.9% |
| Poverty Rate | 12.4% | 12.4% |
| YoY Change | +20.2% | +9.2% |
| Min Wage | $15.49/hr | $15.49/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Middlesex-Somerset-Hunterdon, NJ is more affordable with a 2BR FMR of $2,486/mo, which is $277 less than Jersey City at $2,763/mo. However, when considering local incomes, Jersey City has a rent burden of 34.1% vs 30.6% in Middlesex-Somerset-Hunterdon.
A 2-bedroom in Jersey City, NJ costs $2,763/mo at Fair Market Rent, while in Middlesex-Somerset-Hunterdon, NJ it's $2,486/mo, a difference of $277/mo or $3,324/year.
To afford a 2BR without spending more than 30% of income on rent: Jersey City requires $110,520/year ($53/hr). Middlesex-Somerset-Hunterdon requires $99,440/year ($48/hr).