This City Has Been Named the Cheapest Place to Live in New Jersey

This City Has Been Named the Cheapest Place to Live in New Jersey

New Jersey stands out as a sought-after state for various reasons, boasting a diverse culture, a rich history, and a strategic location near major cities such as New York and Philadelphia.

Nonetheless, it has gained a reputation as one of the most expensive states in the nation, characterized by a high cost of living and a median home sale price reaching $497,600 as of August 2023.

Despite this overall trend, not every corner of New Jersey comes with an equally hefty price tag. Some hidden gems provide a more budget-friendly lifestyle without compromising on quality.

One such locale is Gloucester City, a small town in Camden County that PropertyClub has recognized as the most affordable place to live in New Jersey.

What Makes Gloucester City So Affordable?

As per PropertyClub, the median home value in Gloucester City is slightly above $125,000 in 2023, nearly four times lower than the state average. The median rent is also affordable, standing at $1,163 per month, which is below the national average of $1,200.

This City Has Been Named the Cheapest Place to Live in New Jersey

Situated directly across the Delaware River from Philadelphia, Gloucester City is a convenient location for commuters employed in the city. With a population of approximately 11,500 people, the town exudes a family-friendly ambiance and boasts a notable concentration of Irish American residents.

Gloucester City provides numerous amenities and attractions for its residents, including:

  • A riverfront promenade and amphitheater located at Wiggins Waterfront Park
  • An aquatic center and skate park situated at Proprietors Park
  • A historic district featuring Victorian homes and buildings
  • Diverse shops and restaurants lining Monmouth Street and Broadway
  • A community theater and a public library
  • Multiple public schools and a Catholic school

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How Does Gloucester City Compare to Other Cheap Places in New Jersey?

Gloucester City isn’t the sole affordable place to reside in New Jersey; there are other towns and cities boasting a low cost of living and a high quality of life. Here are a few examples:

1. Philipsburg: A historic town along the Delaware River in Warren County, featuring a median home value of $136,800 and a median rent of $968.

This City Has Been Named the Cheapest Place to Live in New Jersey

2. Oaklyn: A serene borough in Camden County, with a median home value of $186,300 and a median rent of $917.

3. Absecon: Situated on the Absecon Bay outside Atlantic City, with a median home value of $191,300 and a median rent of $1,402.

4. Trenton: The capital city of New Jersey, offering a median home value of $95,800 and a median rent of $1,026.

5. Rahway: A small city in Union County, with a median home value of $272,700 and a median rent of $1,310.

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Why Should You Consider Moving to Gloucester City?

Gloucester City, situated near Philadelphia, is just a 10-minute drive across the Delaware River, offering the convenience of a nearby big city while maintaining a tranquil and friendly small-town ambiance.

Apart from that, Dating back to 1627, Gloucester City boasts a rich history and culture, making it one of the oldest settlements in New Jersey, with a notable concentration of Irish American residents. Explore historic landmarks such as Gloucester City Hall, the Gloucester City War Memorial, and St. Mary’s Church.

Also, Residents of Gloucester City have an array of recreational and entertainment options. Take a leisurely stroll along the riverfront promenade and amphitheater at Wiggins Waterfront Park, enjoy activities at Proprietors Park, or indulge in shopping and dining along Monmouth Street and Broadway. Additionally, catch a show at the community theater or the public library.

On the top of this, The city is home to a commendable education system, featuring both public and private schools. The Gloucester City School District serves approximately 2,000 students across four schools: Cold Springs Elementary School, Mary Ethel Costello School, Gloucester City Junior-Senior High School, and Gloucester City Alternative High School.

Read More: This City Has Been Named the Murder Capital of North Carolina

Final Words

If you’re seeking an affordable living option in New Jersey with substantial benefits, Gloucester City could be an ideal fit. Experience a serene and welcoming small-town atmosphere while still having easy access to the conveniences and opportunities of Philadelphia.

By choosing Gloucester City, you can cut costs on housing, transportation, and utilities, allowing for more discretionary income to pursue your hobbies and interests.

Often overlooked, Gloucester City is a hidden treasure in New Jersey that merits greater attention and appreciation. It not only offers a wonderful environment for living, working, and recreation but also stands out as one of the most budget-friendly places to reside in the state.