Jersey City, NJ
Hudson County · Pop. 283,927
Ranked #209 of 243 cities
22Crisis
Median Home Price
🏠$550K
2.8% YoY
Median Rent
🔑$2,300
2.0% YoY
Median Income
💰$78K
Rent Burden
📊36.0%
% of income to rent
Income to Buy
🏦$158K
annual income needed
Income to Rent
📝$92K
annual income needed
Price-to-Income
⚖️7.1x
Homeownership
🏡24.0%
Rent vs. Buy
Buy
$2,927/mo
Est. mortgage (7%, 20% down)
Need $158K/yr income
Rent
$2,300/mo
Median rent
Need $92K/yr income
How Jersey City Compares
| Metric | Jersey City | New Jersey | National |
|---|---|---|---|
| Home Price | $550K | $461K | $410K |
| Rent | $2,300 | $1,667 | $1,500 |
| Income | $78K | $100K | $75K |
| Rent Burden | 36.0% | 36.0% | 30.0% |
Key Takeaways
- • Home prices in Jersey City are 34% higher than the national average.
- • Rent is 53% higher than the national average.
- • You need an income of $158K to comfortably buy a home here.
- • The homeownership rate is 24.0%, compared to 65.0% nationally.