12. Jersey City, New Jerse
Jersey City has transformed into one of New Jersey’s most expensive and desirable urban centers, thanks largely to its unbeatable proximity to Manhattan. For thousands of professionals, it offers a more spacious, modern alternative to New York City while remaining just minutes away via PATH trains and ferry lines.
Housing costs dominate the city’s expense profile. Luxurious high-rise condos and waterfront residences with sweeping skyline views command top-dollar prices. Over the last decade, Jersey City’s downtown has rapidly evolved from an industrial zone into a polished, high-density neighborhood filled with new towers, upscale dining, and modern amenities.
New Jersey’s famously high property taxes also weigh heavily on homeowners. Combined with rising housing demand, this creates one of the most expensive markets in the state — and one of the priciest nationwide.
The local economy includes strong finance, tech, and healthcare sectors, but many residents commute across the Hudson River for higher-paying roles in Manhattan. With convenient transit and a booming residential scene, Jersey City has cemented its place as a premium — and costly — East Coast hub.
