Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

5 Most Expensive Cities to Live in New Jersey

Wondering which are the five most expensive cities to live in New Jersey? America has lots of lovely places to live in, each one with its particular features, pros, and cons. When it comes to choosing a place to live, it is important to take into account diverse factors such as crime rates, amenities, and of course, cost of living.

New Jersey

Over the past decades there have been some changes in the real estate market. Furthermore the cost of living in the U.S has changed, especially within certain cities. Places like Seattle, San Diego and Boston are among the 10 Most Expensive Cities to Live in North America, with a comparatively high price index.

Yet, some places, despite not being particularly the most expensive in America can indeed have a very expensive cost of living. New Jersey, located in the neighborhood of New York City, Philadelphia and Washington, DC, is ranked 47th in size and boasts a median household income of $55,146. Some cities in New Jersey can be very attractive to live in, such as Atlantic City, with an average cost of living.

So which are the most expensive cities to live in New JerseyWe would have used cost of living indices to rank cities. However, when median price of a home is in the neighborhood of $5 million, it really doesn’t matter that you pay 10-20% extra for goods and services, groceries, health care, housing, transportation and utilities. That’s why we prepared this list completely based on the median home prices as calculated by Altos Research. Take a look at our list and find out about the most expensive cities to live in New Jersey!

1. Alpine: Median home price is around $5 million. One thing that supports high home prices is ultra low real estate taxes.

2. New Vernon: Median home price is over $2 million

3. Short Hills: Median home price is slightly under $2 million

4. Far Hills: Median home price is $1.7 million

5. Saddle River: This is another location like Alpine that has a very low real estate tax rate. Median home price is around $1.65 million.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.