Cost of Living in Jersey City, NJ
Population: 289,691 • 2026 Data
$94,813
Median Household Income
+23% vs national
$1,902
Median Monthly Rent
+41% vs national
$534,500
Median Home Value
+58% vs national
5.8%
Unemployment Rate
Housing in Jersey City
The median home value in Jersey City, NJ is $534,500. Monthly rent for a typical unit averages $1,902, while total monthly housing costs (including utilities and insurance) average $2,006.
Rent-to-income ratio: 24.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Jersey City, NJ is $94,813. The unemployment rate stands at 5.8%, with a labor force of 166,832 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.