Study: NJ 6th most expensive rental state njbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njbiz.com Daily Mail and Mail on Sunday newspapers.
The housing market remains red-hot in New Jersey, which may have some potential homebuyers thinking about renting instead.
But even that may not be a wise move, at least as suggested in a new report from the National Low Income Housing Coalition, which finds that New Jersey requires the 6th-highest working wage to support a modest, two-bedroom apartment.
The data for the Garden State in the Out of Reach report was compiled with the assistance of the Housing & Community Development Network of New Jersey, whose senior policy advisor, Arnold Cohen, said many residents compromise their bank accounts to fit their rental needs.