Jersey City ranks one of most expensive for rent, but second best for walkability

A GROWING CITY – Jersey City rents are high among major cities in the U.S. but apparently have other positive factors
A GROWING CITY – Jersey City rents are high among major cities in the U.S. but apparently have other positive factors
JERSEY CITY -- GOBankingRates, a personal finance website, published a study that ranked Jersey City as one of the most expensive cities to rent a one-bedroom apartment in the country. When compared to 50 major cities nationwide, Jersey City came in fifth, according to the study.

The city is also one of the places where rents are increasing the most.

However, Jersey City also rated as second best in the nation for walkability. And the study said costs for basic utilities were third lowest on the same list of 50 cities.

"While Jersey City continues to grow as a destination, we have been mindful of the importance of keeping the city affordable for residents and have placed a major emphasis on creating affordable housing, including two 80/20 inclusionary projects on the waterfront," said city spokeswoman Jennifer Morrill. "In four years, the Fulop administration has created or preserved more affordable housing than during the previous eight years, including new senior housing and veterans' housing."

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