Is Hoboken, New Jersey a Good Place To Live? - Living In Hoboken, NJ

Is Hoboken, New Jersey a good place to live?
Hoboken is a city in New Jersey state in USA with a population of 53283 residents.. The poverty rate of Hoboken is 7%, which is 50% lower than national average. The typical household in Hoboken earns $153438 a year, compared to the national median of $67,500. Nearly 18% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Hoboken, only 95% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Hoboken remained 3.2%, which is 32% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Hoboken, only 80% of adults have a bachelor's degree and 7% have some college but no degree.

Cost of living in Hoboken is 182, which is 82% higher than national average. Median home value in Hoboken is $759800 , which is 231% higher than national average. While median income in Hoboken remained $153438, which is 127% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
53283
Unemployment
3.2%
32% NAT AVG.
Poverty
7%
50% NAT AVG.
Overall Score
10
Median Home Cost
$759800
231% NAT AVG.
Median Income
$153438
127% NAT AVG.
Median Rent
$2360
103% NAT AVG.
Cost Of Living
182
82% NAT AVG.
People Living BPL
1 in 14
Unemployed People
1 in 31
People Earning < $10,000
1 in 31
People Earning < $50,000
18%
People with <= High School
1 in 7.7
People With Any Degree
1 in 1.2
Pros & Cons Overview

Jobs90%

Housing100%

Affordability60%

Safety80%

Amenities100%

Diversity85%

Education90%

Commute30%