Living Cost Compare
Jersey City

New Jersey

$2,100/mo est.

vs
New York City

New York

$2,010/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $2,100 in Jersey City, NJ versus $2,010 in New York City, NY. Overall, New York City, NY is roughly 4% cheaper to live in day-to-day than Jersey City, NJ, driven mainly by rent.

Median household income is $94,813 in Jersey City, NJ and $79,713 in New York City, NY — about 16% higher in Jersey City, NJ. New Jersey has a top state income tax rate of 10.75% and a 6.625% state sales tax; New York has a top state income tax rate of 10.90% and a 4% state sales tax.

Rent

Studio
$1,949
$1,633
+16% in Jersey City, NJ
1 Bedroom
$1,853
$1,705
+8% in Jersey City, NJ
2 Bedroom
$1,857
$1,781
+4% in Jersey City, NJ
3 Bedroom
$2,004
$2,065
+3% in New York City, NY

Buying a Home

Median Home Value
$534,500
$751,700
+41% in New York City, NY

Income

Median Household Income
$94,813
$79,713
+16% in Jersey City, NJ
Metro Median Wage (annual)
$61,430
$61,430
about equal

People & Lifestyle

Median Age
34.7 yr
38.0 yr
+3.3 yr in New York City, NY
Homeownership
28.8%
32.8%
+4.0 pp in New York City, NY
Bachelor's+ (25+)
53.1%
41.0%
+12.1 pp in Jersey City, NJ
Avg Commute
36.9 min
40.6 min
+3.7 min in New York City, NY

Crime (per 100k/yr)

Violent Crime
562.9
694
+23% in New York City, NY
Property Crime
2,036.4
2,415.4
+19% in New York City, NY

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature
55.0°F
55.0°F
about equal
Annual Precipitation
49.9 in
49.9 in
about equal

Gas

Regular Gasoline
$3.94/gal
$4.08/gal
+4% in New York City, NY

Area: East Coast (PADD 1) vs New York City.

Public Transit

Base Fare (one-way)
$3.00

Adult base one-way fare — vs MTA (2026).

Utilities

Electricity (¢/kWh)
24.9
29.5
+18% in New York City, NY
Natural Gas ($/MCF)
$17.68
$27.01
+53% in New York City, NY

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)
$4.31
$4.31
about equal
Bread (lb)
$1.92
$1.92
about equal
Eggs (doz)
$2.19
$2.19
about equal
Ground Beef (lb)
$6.90
$6.90
about equal
Chicken (lb)
$2.19
$2.19
about equal
Bananas (lb)
$0.69
$0.69
about equal

Average prices — Northeast vs Northeast (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NJ / NY)
6.625%
4%
+2.6 pp in NJ
Income Tax (top rate)
10.75%
10.90%
+0.2 pp in NY

Jersey City vs New York City — FAQ

Is it cheaper to live in Jersey City or New York City?
New York City, NY is cheaper. Its monthly baseline of $2,010 (1BR rent + utilities) runs about 4% below Jersey City, NJ's $2,100, mainly because of rent.
How much more do you need to earn to live in Jersey City than in New York City?
To keep rent near the recommended 30% of gross income, you'd want to earn roughly $74,000 a year in Jersey City versus $68,000 in New York City.
Which has lower taxes, Jersey City or New York City?
Jersey City is taxed under New Jersey's rules (a top state income tax rate of 10.75% and a 6.625% state sales tax); New York City under New York's (a top state income tax rate of 10.90% and a 4% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).