In retirement, you want a state that can make life's garden grow. Why not head over to the Garden State and make your dreams a reality? New Jersey is an intense state, with some gorgeous beaches, unique cultures, and yummy foods. New Jersey is also known as being the diner capital of the world. There's a reason The Sopranos faded to black in a diner. Of course, there are smaller areas if you want to be in New Jersey; you don't have to be in Newark. But, with that said, a state like New Jersey does come at a price, which we'll discuss below.
New Jersey is a pricey state to live in, with the national average being over 25 points more than the rest of the country. In every area, New Jersey costs more. In most cases, it's only slightly more than the national average, but one area where that's not true is the cost of housing. Expect to pay 37 points more than the average, with the median home cost and rent expensive. However, many find the costs worth it, and with a bit of luck, you could find a good home in New Jersey that's much less than the national average.
| COST OF LIVING | New Jersey | United States |
|---|---|---|
| Overall | 125.1 | 100 |
| Grocery | 108.7 | 100 |
| Housing | 137 | 100 |
| Median Home Cost | $335,600 | $291,700 |
| Utilities | 104.6 | 100 |
| Transportation | 106.5 | 100 |
| Miscellaneous | 106.6 | 100 |
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