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NJ 6th-most expensive in U.S. for renters, national report says


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. ....

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NJ study: More than 3 million live in poverty. Most go uncounted


Asbury Park Press
By federal standards, a single working parent with two children in New Jersey could survive on just under $21,000 in 2019. 
Researchers from Legal Services of New Jersey s Poverty Research Institute suggest in a new report that s way off the mark such that the government undercounts the number of poor in the state by more than 2 million.
How much would the theoretical parent-and-two-children household need to make it in  New Jersey? More than three times the $20,600 benchmark set by the federal government, according to the A Real Cost of Living Report Series.
Anyone living in New Jersey knows that s not accurate,  Shivi Prasad, director of the Poverty Research Institute and one of the report authors, said of the federal government s so-called poverty line. ....

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