average real estate salary nj

The Pros and Cons of living in New Jersey

If you are considering moving to the Garden State, the following article reviews some of the advantages and disadvantages of living in New Jersey.

Located on the East Coast with the proximity to New York and Philadelphia, New Jersey is based on a geographically ideal location commercial crossroads. As a result, the economy is strong and diverse. For example, instead of taking advantage of an industry, like many other states, New Jersey is home printing electronics, healthcare, retail, services, food processing, fisheries, navigation, and agriculture. The state's economy produces over $ 400 billion each year. The average income per capita is also well above the national average.

Unfortunately, the cost of living in New Jersey, probably requires much of the high salaries. For example, New Jersey, is one of the largest tax burdens of any state in the nation. NJ real estate is also very expensive as the average price of a single family home is $ 400,000 or more, which is twice the national average. In some areas, like Morris or Bergen, $ 800,000 over the average price of a house.

Part of the reason housing is so expensive is because of the scarcity of land. Three hundred years of settlement and development, combined with an effort to preserve the natural beauty of the state leaving little room for new growth. Besides limiting the development of land, reserves intact also joined the appeal but what's been done and the value of real estate higher still.

If you are looking for the most "affordable" New Jersey, the southern region of the state, which is also known as the Pine Barrens, is one of the least expensive and least populated. The northwest region, probably not far behind the Mountain Pine Barrens, and because of its woodland. Many people are attracted to the metropolitan areas of New York and Philadelphia or in coastal communities along the east coast though. If you work in one of the big cities, affordable housing, will likely be difficult to achieve.

Despite the high cost of living, New Jersey is a beautiful place and hard to calm them. It also has one of the strongest education systems in the country. Is so that students from New Jersey, they usually obtain higher average scores on Advanced Placement tests in the nation.

About the Author

For more information on NJ real estate and living conditions, contact a local RE/MAX (http://www.remax-nj.com) Realtor. They can speed up the home-sorting process and help you find the neighborhoods that you are looking for. They are also very reliable. The author, Art Gib, is a freelance writer.

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