New Jersey has some of the highest taxes in the U.S. It also has some very high home prices, driven in part by its proximity to New York City and its population density (the highest in the country).
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The cost of living in New Jersey is 13% higher than the national average. Housing is 31% higher than the national average, while utilities are 8% higher. When it comes to basic necessities such as food and clothing, groceries are around 4% higher than in the rest of the country, while clothing costs 4% higher.