How much does it cost to live in NJ?
Here’s a look at the cost of living for families in New Jersey.
New Jersey has been ranked the 14th best state in the United States, according to the latest rankings by U.S. News & World Report. The state’s strong performance in health care, education, and safety contributed to its high placement.
The annual report, which evaluates states based on various metrics, highlighted New Jersey’s exceptional health care system. The state ranks fourth in the nation for health care, benefiting from a high number of insured residents and top-tier medical facilities.
Education is another area where New Jersey excels, ranking fourth nationwide. The state’s robust public education system and high graduation rates have been pivotal in achieving this ranking.
New Jersey’s economy also received high marks, ranking 24th in the country. The state’s diverse economic base, which includes sectors such as pharmaceuticals, finance, and technology, has driven economic growth and job creation. Additionally, New Jersey’s proximity to major markets like New York City and Philadelphia provides a strategic advantage for businesses. Additionally, the state excelled in its infrastructure ranking 16th.Â
However, New Jersey’s fiscal stability is a concern, with the state ranking 48th.
The Garden State also ranks 43rd in opportunity, highlighting affordability and the need for more equitable economic and social policies to ensure all residents can thrive.
The rankings do not factor in some details that would have boosted Jersey’s ranking higher though, such as food and entertainment.