Reasons People Are Leaving New Jersey
There isn’t just one reason people are leaving the Garden State; a great deal of the basis for their decisions to leave are based upon these factors:
1. Factors concerning retirement. Many New Jersey retirees are moving because of change in occupations.
2. High Taxes. Highest real estate taxes in the country, plus sales tax and state income tax.
3. New Jobs. The ability to work virtually is having an impact upon the state, plus many businesses have migrated to states such as Texas, Florida, Tennessee and North Carolina.
4. Cost of living. As the quality of life is important, cost of goods continues to increase. As real estate value increase it adds a cost factor to everything in the state.
5. Education. New Jersey’s education system is considered to be one of the tops in the nation, but still, it is too expensive.
6. Expensive Housing. The average median cost for a single-family house in NJ is over $610,000
7. Warmer Weather. Some residents are looking for a less severe winter.
The top 25 towns losing the most population are in Essex, Passaic, and Hudson counties.
All of the top 20 are in four counties – including eleven in Hudson County.
Trenton, which is in Mercer County, was #23, losing 400 residents, falling to 90,457.
1. Pine Valley, Camden County: Down 35% to 13 (and now, merged into Pine Hill)
2. North Bergen, Hudson County: Down 4.3% to 60,612
3. East Newark, Hudson County: Down 4.3% to 2,477
4. Kearny, Hudson County: Down 4.3% to 40,370
5. Secaucus, Hudson County: Down 4.2% to 21,295
6. Union City, Hudson County: Down 4.2% to 65,538
7. Guttenberg, Hudson County: Down 4.1% to 11,502
8. Bayonne, Hudson County: Down 3.3% to 69,211
9. Hoboken, Hudson County: Down 3.3% to 58,690
10. Essex Fells, Essex County: Down 2.9% to 2,182
11. Jersey City, Hudson County: Down 2.9% to 283,927
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.