By Jillian Risberg
The red-hot Gold Coast boasts some of the hottest real estate this side of the Hudson, but it also has the priciest zip codes in the Garden State, giving Manhattan a run for its money.
Hoboken 07030 again snags the top spot with US rent in the Mile Square City double the national average. Living there will set you back close to $4K a month ($3,531 to be exact).
Jersey City comes in a steep close second, holding down the next two spots on the list, for zip codes 07310 and 07302. Average rents there are $3,297 and $3,291, respectively.
Rounding out the top most expensive cities are Edgewater 07020 ($3,219), Weehawken 07086 ($3,005) and Fort Lee 07024 ($2,595).
Weehawken also registers the highest annual increase at 3.9%.
And a distance away from the Hudson coastline sits Cranford, Florham Park and South Orange, each containing one of the most exclusive areas for rent.
Cranford 07016 ($2,956) — ranked the 34th best place to live in New Jersey Monthly’s 2010 rankings of the “Best Places To Live” has the highest price tag of the three. The Union County township takes the sixth spot on RENTCafé’s list.
The cost of living in Florham Park (Southeastern Morris County) is 97.6% higher than the US average and Essex County’s South Orange (07079) is 92.3% higher than the average, according to bestplaces.net.
You can check out the average rent in other ZIP codes throughout the U.S. by accessing the study: https://www.rentcafe.com/blog/rental-market/market-snapshots/americas-most-expensive-zip-codes-2019/
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