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Old Posted Jan 9, 2015, 4:34 AM
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Nexis4Jersey Nexis4Jersey is offline
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Join Date: Mar 2009
Location: North Jersey
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Quote:
Historic Downtown Jersey City among nation's most expensive neighborhoods for renters: report

By Patrick Villanova | The Jersey Journal
on November 21, 2014 at 9:53 AM

Historic Downtown Jersey City has been named one of the most expensive neighborhoods in the country for renters by Apartments.com (Google Maps image)

Historic Downtown Jersey City is among the nation's most expensive neighborhoods for renters, according to a recent online study.

Apartments.com ranked the popular neighborhood near the Jersey City waterfront No. 8 on its list of the 14 most expensive neighborhoods for renters in 2014.

The website put the rankings together using a variety of financial factors, including average cost of rent, household income, percentage of paycheck spent on rent each month and inflation. Neighborhoods where a high percentage of monthly household income was spent on rent were given the most weight.

With its brownstones, idyllic parks and close its proximity to Manhattan, renting a one-bedroom apartment in Historic Downtown Jersey City comes at a steep price -- $3,068 per month, according to Apartments.com.

Comprised of low-rise buildings, brownstones and parks, this neighborhood features many cultural attractions including the Jersey City Museum, the Hudson and Manhattan Railroad Powerhouse.
http://www.nj.com/hudson/index.ssf/2...elated_stories
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