People are moving from new jersey to new york city from one place to another for all sorts of reasons. You might wonder about the choice to go from one urban East Coast State to another next door. For example, why would you decide to pick up stakes and relocate from New Jersey to New York? Read on to look at why leaving urban New Jersey for Metro-Urban New York City would be a choice for someone looking for new horizons.
The two states are side by side and share many of the same physical characteristics. They are both coastal states with large metropolitan areas. Because of their positions on the Eastern coastline of the United States, the weather patterns and climate are similar. New Jersey has the Atlantic Ocean on one side and the Delaware River on the other, providing the state with a fairly moderate climate. The winters are cold, and the summers are warm and humid.
New York City’s climate is considered Humid Subtropical, providing cool, wet winters and hot, humid summers. The city has plentiful rainfall year around. Snowfall is infrequent but usually heavy when it happens. New York City can be subject to strong winds coming off the Atlantic Ocean. The winds are particularly strong during the autumn and winter seasons.
As of 2022, the State of New Jersey held the record at 1206 people/sm, the highest population density in the United States. The State of New York is much lower at 408 individuals/sm. However, New York City is the most densely populated city in the United States, with more than 27,000 per sq. mile.
Taxes: Taxation comparisons vary depending on what type of taxes you are reviewing. The main categories are income taxes, sales taxes, and property taxes. New Jersey has no sales tax, but its highest State income tax bracket is 10.75 %. Moreover, New York also has a graduated state income tax rate, with the highest bracket at 8.82%. New Jersey’s highest tax bracket kicks in at $1,000,000, while New York’s highest bracket for 2021-22 begins at $1,077,550.
Sales taxes are a different story. New Jersey has a base rate of 6.63 %, and New York City’s minimum rate is 8 percent. Property taxes are a heavy burden in both states. New Jersey’s rate is 4.94 percent, and New York’s is 4.40 percent.
When comparing the total tax burden, New York is the highest in the nation at 12.79 %, and New Jersey is in 7th place at 9.98 %.
Cost of Living: New York is 139.1 on the Cost of Living Index, with the grocery component at 118.3. New Jersey’s statistics are at 125.1 overall and grocery at 108.7. These figures are compared to the national average, always set at 100.0. The Housing component in New York is 230.2. To rent a two-bedroom unit in NYC, expect to spend $3,675 on average. The Index of the same lodging level in New Jersey is 137.0. Rent for a 2-bedroom unit in New Jersey averages $1552.
Transportation: If you move from new jersey to new York city, chances are good that you can leave your car behind. Imagine avoiding the high fuel prices, parking fees, and congested city streets. Eliminating daily commute time may give you hours each week to enjoy all the dining and entertainment options available. NYC has a top-tier public transportation system – one of the best in the world.
Per Capita Income: There are a couple of ways to look at income figures in a comparison between New York and New Jersey. One is the Living Wage calculator. The calculation says that a living wage in New Jersey is $37,906 annually, while New York’s Living Wage is $41,700. In New York City, the living wage rises to $44,550 before taxes for a single individual.
The minimum wage is another way of looking at earning. In New York City, the minimum wage is set at $15.00 per hour. New Jersey’s minimum wage is $13 for 2022.
Calculation of New Jersey’s per capita income as compared to New York’s per capita is 74,805 U.S. dollars and $76,415, respectively for 2021.
In February of 2022, the national unemployment rate was 3.8, down from 6.2 in the same month of 2021. Both New Jersey and New York reported unemployment at 4.6 and 4.9, respectively.
A comparison of the entertainment and cultural opportunities of the two states in question shows that New York City is a clear winner. The Big Apple is exciting for its 24-hour opportunities. You can enjoy theater shows, cultural events, an enormous variety in dining and drinking options, as well as world-class museums and exciting music and dancing shows. If you want to explore a range of other cultures and cuisine, you can’t beat New York City.
If you compare prices and earnings, both regions have pluses and minuses. New York City is one of the most expensive places to reside, but there are options in the various boroughs, where some relief in high prices can be found. If you are moving to NYC to be entertained in a variety of venues, you have hundreds of choices. Perhaps the main reason for relocating to NYC is to take advantage of the many opportunities to pursue your aspirations and satisfy your needs. It is important to do as much advance research as you can to avoid unpleasant surprises and even disappointments.
* Organize your move as early as possible. Use checklists to ensure that you get all of the planning done. Professional movers, such as Safeway Moving Solutions, provide helpful materials to help you stay organized in your time and priorities.
* Set up your budget for the move. Different movers charge different rates, but the cheapest quote isn’t always the best choice when choosing a moving from new jersey to new York city. Two or three quotes with details about what is included help you to get a general idea of the cost. A careful analysis of the cost breakdown will help you plan for base costs, as well as allowing for some extras which might enter into the overall costs.
* Determine the location of your new residence. Where an apartment or other lodging is located can significantly affect the cost of the move. For example, some buildings have elevators which can handle heavy items, others depend on use of a freight elevator. Parking limitations and access limitations for a moving truck can also affect the timing and cost of your moving from new jersey to new york city.
* Determine the date of the move; you might need to consider elements such as seasonal weather, holidays, school or work schedules and more. Costs for the moving company will likely vary depending on these factors, as well as on the number of items and the weight of the load.
* Organize your packing plan. Get rid of all those items and furnishings which you no longer want or need. Donate, sell or discard unwanted items. The fewer items you have to pack or have packed, the more stress-free the moving from new jersey to new york city will be.
* Be kind to yourself. Hiring a professional moving team ensures that you get the right kind of information and assistance you need. The Safeway team has years of experience moving people to a nearby state or across the nation.