New York and New Jersey are neighbors, and they share quite a few similarities. However, there are some aspects that make them very, very different. And it is precisely these differences that are the cause for moving from New Jersey to New York. Moving from state to state can be pretty difficult, which is why you really need to prepare. You need to plan out the moving process, and your budget and expectations as well. And the only way to do this is to get familiar with your new potential home state. And that is exactly why Verified Movers are here today. We’ll take a look at these two states and the things that set them apart. And together, we’ll figure out whether or not this relocation is the right choice for you. So, let’s take a closer look at New York, and how it compares to New Jersey.
You’ll experience a similar climate when moving from New Jersey to New York
Since the two states are side by side, they share many physical characteristics. Mainly, they are both coastal states with large metropolitan areas. And, since they’re both on the East Coast, their weather patterns are quite similar. New Jersey has the Atlantic Ocean on one side, and the Delaware River on the other, which gives it a very moderate climate. This results in very cold winters, and warm and humid summers. New York’s climate, on the other hand, is considered to be Humid Subtropical. After moving from New Jersey to New York, you can expect mild but wet winters, with hot and humid summers. This is something you must know before hiring interstate moving companies New Jersey. It doesn’t snow often in New York, but when it does, it’s very intense. The state is often subject to strong winds from the Atlantic, most intense in the autumn and winter months.
Carefully consider your costs and finances before moving
It goes without saying that financial stability is one of the most important factors when planning for a relocation. It always pays to be prepared in advance, which is why you need to carefully consider the financial situation in both states. So, let’s cover a few important factors, such as the living costs, the tax rates, and the overall income in both states.
Moving from New Jersey brings with it slightly higher living costs
The living costs are your basic to be daily expenses. So, let’s cover them first. Once you reach your destination with the help of interstate moving companies New York, you’ll face slightly higher living costs. As a base for comparison, we’ll use the national average, which is always set as 100.0. On the cost of living Index, New York is rated at 139.1, while its grocery component comes in at 118.3. In New Jersey, the living cost Index is 125.1, and the groceries are at 108.7. In terms of housing, New York’s rating is 230.2. To put this in numbers, renting a two-bedroom unit in NYC costs around $3.600. New Jersey’s housing index is 137, and renting the same type of unit there costs $1600. As you can see, New York’s numbers are considerably higher. However, this is offset by the income you can earn in the state.
The per capita income is more favorable in New York
If we want to make a good comparison between the two states, there are two ways to go about it. The living wage, and the minimum wage. Both of these numbers are very important to know before relocating to New York from New Jersey. According to the numbers, the annual living wage in New Jersey is around $37.900. In New York, on the other hand, your average living wage is around $42.000 a year. For comparison, the living wage in New Your city is around $44.500, before taxes. In terms of minimum wage, the earnings in New York are set at $15 an hour, while in New Jersey it is $13. Once we take these numbers into account, we can reach the final conclusion. The per capita income in New Jersey is $74.800. And New York’s income clocks in at $76.500.
The state of New York boasts a strong job market with low unemployment
If you’re looking for work, you won’t have to look far after your relocation. In the past year, New York’s unemployment rate dropped from 6.2 to 4.9. Currently, the unemployment rate in the state of New Jersey is 4.6, for comparison. Currently, the job market is on the rise, as more and more people are trying to find a job in a new city. Just the same, the state government is working on opening more workplaces to sate the high demand. Currently, the best-hiring work sectors are IT, professional and business services, hospitality, education, and health services. The state of New York is home to over 40 companies rated as Fortune 500. Some of these include J.P. Morgan Chase, Verizon, Pfizer, MetLife, and Boeing, to name a few. All things considered, securing yourself with solid employment after your move won’t be an issue.
Is moving from New Jersey to New York worth it
Ultimately, this answer depends entirely on your needs and possibilities. Both states have their benefits and drawbacks. New York is on the more expensive end when it comes to living costs and taxes. But, it offers a wider variety of careers and options compared to New Jersey. After all, New York is home to some of the most alluring cities for young entrepreneurs. And of course, there are plenty of locations within the state where you can find relief from the usually high prices. Given all these facts, one of the main reasons moving from New Jersey to New York is a wise choice, is the ability to take advantage of the opportunities the state can offer when it comes to pursuing your goals and aspirations.