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Just across Manhattan, situated at the banks of Hudson rivers, there stands Jersey City, the second largest place in NJ. In recent years, Chilltown has become one of the most popular choices of Americans who want to live near NY but avoid paying high rent or spending too much on covering all the living costs.
J.C. is only 5 miles away from the downtown of New York, which gives easy access to broad job opportunities, higher quality of life, and safety. Another advantage of living in Chilltown is a tax loophole. Not only are federal taxes lower, but your earnings won’t be taxed if you work in NY but live in Chilltown.
Living in New York is expensive, and that’s the main reason why people choose to set up their homes in Chilltown. To keep up with all costs, a single person needs $8,300 in New York, while for the same lifestyle, you’ll need to set aside around $6,000.
The difference is noticeable, and the same case is with rental prices. Namely, renting a one-bedroom apartment in J.C. could be 30% more affordable than in New York, while the three-bedroom apartments can be even 50% more affordable.
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