New Jersey is the fourth smallest state in area in the United States, yet still remains the most densely populated state in the entire country. This allows for tons of wear and tear on the rental properties. With the population density being the top in the nation versus the limited space, that would put living space in high demand, especially decent living space to rent because buying a property in the state would require a far more than average income.
The cost of renting
Renting is not easy for the citizens of New Jersey, and the argument can easily be made that finding, affording and feeling safe is difficult. In order to get a safe two bedroom apartment, it would cost at least $51,000 on average but that also includes utility costs. A renter in New Jersey makes an average income of a little over $32,000 a year according to housing advocacy groups. It’s appreciated that there are groups advocating for lower rent, but it’s just simple math really. The population of New Jersey is set against the square miles of the state and it equals high demand. The law of supply and demand dictates that higher demand must equal higher prices.
Making renting in Jersey easier
If the average renter is pulling in a little over $32,000 a year, then it would be wise to seek out and pair up with another renter to double that figure and live more safely and comfortably. There are ways to cut costs in other areas; it’s wise to do so because safe and comfortable shelter is paramount to good health. Again, if you aren’t in a two income marriage or relationship then seek out someone else that has the same values, goals and ability to match your contribution to shelter costs.
Aspire to live in The Aspire
After checking several apartment guides in research The Aspire apartments jumped out immediately. The Aspire is a lovely place to live with several great perks, but the one that stuck out the most was pet friendly. It is a little more expensive and more difficult to attain than normal, but it lives up to getting what you paid for. It is in a great location and two hard working, decent earning individuals with sound financial acumen will find The Aspire attainable.
For more information on The Aspire’s New Brunswick luxury apartments, visit their official website.