Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Not exactly a hidden cost, but have you compared the rent in JC vs NYC? I would imagine it’s at least a few hundred dollars cheaper per month in JC. If you work in the Financial District, it’s hard to beat the commute from JC. It’s only about a 10 min train ride from Exchange Place or Newport to the WTC.
Not exactly a hidden cost, but have you compared the rent in JC vs NYC? I would imagine it’s at least a few hundred dollars cheaper per month in JC. If you work in the Financial District, it’s hard to beat the commute from JC. It’s only about a 10 min train ride from Exchange Place or Newport to the WTC.
I've looked at rents comparing UES to Jersey city.. the prices seem mostly the same, only difference is that for the space you tend to get higher quality in Jersey city. I'm a remote worker btw. Studios seem to be in the $2600-$2800 range.
Last edited by areyouaweir; 02-26-2023 at 03:59 PM..
Yes, you should realize fairly material savings living in JC vs. Manhattan. At lower-moderate income levels, you could argue that higher commuting costs (plus the stray late-night uber home on occasion) may erode most of the tax savings, but once you hit a certain income level it becomes crystal clear that it is simply cheaper on the NJ side of the river.
Now, there are ways that you can choose to re-allocate those savings. For us, we got a car, and like to get out of town on weekends, etc. Wouldn't be doing that nearly as much if we lived in Manhattan. But as I said, that's a choice.
If I were young and single I may still choose to live in NYC (in fact, I definitely would!), but that would be a lifestyle decision much more than a financial one. As a now-middle-aged guy with a family, it just makes so much more sense to be in NJ.
You have to file taxes for NY state in order to make sure you don't owe more than you're supposed to.
If you live in Jersey and don't have health insurance for whatever reason, depending on how long you don't have it for the year, you will be penalized at tax time.
If your job isn't near a PATH station or near Times Square where you can take the 123/125 in, you'd have to pay for MTA on top of PATH and NJT if you're not near a PATH stop or the 123/125 bus stop.
You have to file taxes for NY state in order to make sure you don't owe more than you're supposed to.
If you live in Jersey and don't have health insurance for whatever reason, depending on how long you don't have it for the year, you will be penalized at tax time.
If your job isn't near a PATH station or near Times Square where you can take the 123/125 in, you'd have to pay for MTA on top of PATH and NJT if you're not near a PATH stop or the 123/125 bus stop.
OMG by all means live in Jersey City if you are choosing between the two then! Are you kidding me? No contest at all…strictly financially speaking, that is.
Ultimately, a question to ask yourself is what lifestyle do you want? Do you want to be in NYC with everything it offers at your doorstep? Or live across the river to occasionally go in? Are you going to out late enjoying the nightlife of NYC or just as happy hitting a local bar for an hour or two? If you live in JC, you’ll likely make friends with people in JC and mostly hang out there.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
