Living
New Jersey Rent Surge Means It Makes Less Sense to Leave NYC
The money saved by moving west across the Hudson River is shrinking, according to StreetEasy data.
Residential homes in Jersey City, New Jersey, with One World Trade Center in the background.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Renting in New Jersey might not save you money like it used to.
Median rent in Jersey City, across the river from Manhattan, was $2,850 last month, according to rental platform StreetEasy. That’s a 48% jump from January 2020, far outpacing not only most New York neighborhoods but almost 100 other major cities.