Moving to New York-Newark-Jersey City
What you need to know before relocating to New York-Newark-Jersey City, New York. Data-driven insights on housing, jobs, safety, and quality of life.
Is New York-Newark-Jersey City a Good Place to Live?
New York-Newark-Jersey City presents a mixed picture. Prospective residents should weigh the tradeoffs carefully. Key considerations: rent ($1,764/mo) is above the national average; home prices ($610,200) are above the us median.
New York-Newark-Jersey City at a Glance
Cost of Living in New York-Newark-Jersey City
The median rent in New York-Newark-Jersey City is $1,764/month, while the median home value is $610,200. With a median household income of $95,220, residents spend roughly 22% of monthly income on rent.
Overall, the New York-Newark-Jersey City metro area is classified as very expensive compared to other US metros.
Job Market
New York-Newark-Jersey City has a median household income of $95,220, which is 28% above the national median. The local unemployment rate is 4.3%, compared to the national average of 3.7%.
Safety in New York-Newark-Jersey City
The violent crime rate in New York-Newark-Jersey City is 390 per 100,000 residents, which is 3% above the national average of 380.
Property crime rate: 1799 per 100,000 residents.
Education in New York
New York has a high school graduation rate of 88% and per-pupil spending of $33,437/year. The student-to-teacher ratio is 11:1.
41% of New York adults hold a bachelor's degree or higher.
Healthcare Access
New York has 389 physicians per 100,000 residents, a 5.4% uninsured rate, and 3.0 hospital beds per 1,000 people. Life expectancy in New York is 79.0 years.
Pros and Cons of Living in New York-Newark-Jersey City
+Pros
- ✓Median household income ($95,220) exceeds the national median
- ✓Low uninsured rate (5.4%) and good healthcare access
-Cons
- ✗Rent ($1,764/mo) is above the national average
- ✗Home prices ($610,200) are above the US median
- ✗Longer-than-average commute (8317168 min)
Frequently Asked Questions
Is New York-Newark-Jersey City a good place to live?⌄
New York-Newark-Jersey City has both advantages and drawbacks. Prospective residents should weigh rent ($1,764/mo) is above the national average and home prices ($610,200) are above the us median against other lifestyle factors.
What is the cost of living in New York-Newark-Jersey City?⌄
The median rent in New York-Newark-Jersey City is $1,764/month and the median home value is $610,200. The median household income is $95,220. Overall the metro is considered very expensive.
Is New York-Newark-Jersey City safe?⌄
New York-Newark-Jersey City has a violent crime rate of 390 incidents per 100,000 residents. The national average is approximately 380 per 100,000.
What is the job market like in New York-Newark-Jersey City?⌄
New York-Newark-Jersey City has an unemployment rate of 4.3%, compared to the national average of 3.7%. The median household income is $95,220.