The answer would be the Garden State. New Jersey was ranked #2 on WalletHub’s list, ranked as the safest state in the nation, also earning high marks for education and health (5th) and qualify of life (7th). New York followed right behind at #3, taking the top spot for quality of life and finishing second in safety.
Why living in NJ is better than NYC?
New Jersey offers beautiful scenery, a lower cost of living, great schools, and excellent transportation. Furthermore, its close proximity to NYC allows many people to work in the city while enjoying a more affordable home in New Jersey. Here we will take a closer look why living in the Garden State is so appealing.
Is it worth living in NJ and working in NY?
Lower Cost of Living
One of the biggest reasons why people choose to move to New Jersey while still working in NYC is because it’s cheaper. Sure, cities like Hoboken and Jersey City might see comparable prices, but you’re probably getting more indoor and, in some cases, outdoor space.
Are taxes higher in NY or NJ?
So, where does that leave New Jersey when it comes to overall highest tax burden? Answer: sixth (10.11%), behind New York (12.74%), Hawaii (12.7%), Maine (11.4%) Vermont (11.13%) and Minnesota (10.2%). Views expressed by our advertisers and sponsors are their own, and are not endorsed by NJ Spotlight News.
Is it cheaper to live in NYC or New Jersey?
However, the problem is the high prices of pretty much everything. The median household income in New Jersey is even higher at around $85.000 which is even more than the national average. But it is essential to also look at the overall prices and New Jersey is really cheaper in general than New York.
What are the negatives of living in New Jersey?
Cons of Living in New Jersey
- High tax burden. Sadly, the state is known for imposing high tax rates on its residents.
- High property taxes.
- High cost of living.
- Congested traffic.
- High density of residents.
Is NJ safer than NY?
New York was given an overall score of 61.7. New Jersey, the top ranked safest state, was given a score of 71.6. The study said New York was given that ranking because of its ratio of law enforcement employees to residents. The ratio is the third highest in the U.S. at one per every 335 residents.
What are the cons of living in New York?
Pros and Cons of Living in New York City – The CONS
- Expensive Rent (understatement of the century)
- Expensive Everything Else.
- It gets hot, and it gets COLD.
- Getting Across Town Can Take a Long Time.
- Very crowded.
- Traffic.
- A Lot of People – A Lot of Dirt.
- Be Prepared for that NYC Attitude.
Why are New Yorkers moving NJ?
New Jersey is the most common place New Yorkers move to. It offers excellent education opportunities. Besides, it has proximity to New York City, if, for example, you don’t want to leave your NYC job.
Do I pay more taxes if I live in NJ and work in NY?
While you do have to file taxes with New York and New Jersey, you don’t have to pay double taxes. New Jersey residents will receive a tax credit on their New Jersey return for any tax paid to New York, or another state, on income earned in and taxed to both states. This tax credit provides relief from double taxation.
Is living in NJ worth it?
New Jersey is consistently named among the safest, healthiest and best places to live in the nation. Our diverse neighborhoods with exceptional school districts make New Jersey an ideal location for families. That’s why we’re ranked the #1 state to raise children in the U.S.
Are property taxes cheaper in NJ or NY?
“New Jersey has the third highest property tax. Plus, the state’s individual income tax burden is above average, at almost 2.5%,” said WalletHub analyst Jill Gonzalez.
New Jersey Is 2021’s State with the 7th Highest Tax Burden: Study.
| Overall Rank (1=Highest) | 1 |
|---|---|
| State | New York |
| Total Tax Burden | 12.79% |
| Property Tax Burden | 4.40% (6) |
| Individual Income Tax Burden | 4.96% (1) |
Should I move to NJ from NY?
New Jersey offers a quick and reliable alternative due to its proximity. The stress of the busy schedule and large crowds in NYC can take a toll on anyone, but NJ offers some serenity after a hectic day’s work. Also, what you pay for an ordinary apartment in NYC, can get you a luxury one in New Jersey.
What salary do you need to live in New Jersey?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Other | $5,275 | $7,867 |
| Required annual income after taxes | $34,445 | $51,443 |
| Annual taxes | $8,330 | $12,442 |
How much is enough to live comfortably NYC?
In this article
Living in NYC will require an annual salary of anywhere between 40K-100K after taxes. Of course, these figures vary depending on your living expenses, children (if any), and other monthly bills related to entertainment, health insurance, or transportation.
Are people leaving NJ?
NJ towns with the most residents fleeing. TRENTON – North Jersey locales close to New York dominate the list of New Jersey municipalities that saw their populations decline most between the 2020 Census and mid-2021. All of the top 20 are in four counties – including seven in Hudson County.
What is the safest city in New Jersey?
Safest Cities in New Jersey, 2019
| Rank | City | Safety Index |
|---|---|---|
| 1 | Ocean City | 1.35 |
| 2 | Weehawken Township | 1.09 |
| 3 | Ventnor City | 1.07 |
| 4 | Wall Township | 0.94 |
What is the best part of New Jersey to live in?
A new study from Niche, 2022 Best Places to Live in NJ, named Princeton Junction as the top spot to plant roots in the Garden State!
Is New Jersey the happiest state?
NJ ranked fourth among happiest states in US | NJ Spotlight News.
Which state in USA is safest?
Vermont
Vermont is the safest state in the United States, according to a new report from WalletHub. The ranking is based on 53 different indicators ranging from unemployment rates to assaults per capita. Vermont is followed by Maine, New Hampshire, Utah, and Hawaii, respectively.
What state has the lowest crime rate?
The Safest States in America
- New Hampshire.
- Utah.
- Hawaii.
- Massachusetts.
- Connecticut.
- Minnesota.
- Washington.
- Rhode Island.