The Pros and Cons of Living in New Jersey

If you are thinking of moving to the garden state,because of the scarceness of land. Three hundred
the following article reviews some of the benefitsyears of settling and development coupled with an
and drawbacks of living in New Jersey.effort to preserve the state's natural beauty leave
Situated on the East Coast with close proximity tovery little room for new growth. In addition to limiting
New York City and Philadelphia, New Jerseydevelopment land, the untouched reserves also add
geographically rests in an ideal commercial crossroadsto the state's appeal though which makes and the
location. As a result, the economy is very strong andreal estate value climb even higher.
diverse. For example, rather than capitalizing on oneIf you are looking for the most "affordable" part of
industry like many other states, New Jersey is homeNew Jersey, the southern region of the state, which
to printing, electronic, health care, retail, service, foodis also known as the Pine Barrens, is one of the least
processing, fishing, shipping, and agricultural industries.expensive and least populated areas. The northwest
The state economy produces more than $400 billionregion probably isn't far behind the Pine Barrens
every year. The average per capita income is alsobecause of its mountainous and wooded terrain. A lot
well above the national average.of people are drawn to the metropolitan areas of
Unfortunately, the cost of living in New JerseyNew York City and Philadelphia or the coastal
probably requires a good portion of those largercommunities along the eastern shore though. If you
salaries. For example, New Jersey carries one of thework in one of the larger cities, affordable housing will
heaviest tax burdens of any state in the nation. NJprobably be hard to come by.
real estate is also very expensive since the averageIn spite of the high cost of living, New Jersey is a
price from a single family home is $400,000 or more;beautiful and industrious place to settle down. It also
a figure that is double the national average. In someboasts one of the strongest education systems in
areas, like Morris or Bergen, $800,000 is more of thethe country. That's why New Jersey students
median home price.consistently earn the highest average scores on
Part of the reason why real estate is so expensive isAdvanced Placement tests in the nation.