4,500 New Jersey residents have now registered with the State to rent their homes, and more than 4,700 more are expected to register by the end of the year.
The average cost of renting an apartment in New Jersey is now $1,450 per month, a $60 increase from two years ago, according a report by the state’s Department of Housing and Community Development.
And the average cost for a single-family home in the state is $2,200, up from $1 and $1.50 in 2016.
The report also found that a single parent working full time with two kids can earn $4,400 in rent per year, up slightly from $3,400 three years ago.
That’s up from about $2 per week in 2016, and the state has increased the rent subsidy that parents receive for paying rent.
(Rent assistance is an income-based subsidy that applies to families earning less than about $90,000.)
The average rental in New York City is now about $1 a month, up more than 15% from last year.
And more than 2,300 New Jersey homeowners are renting, up nearly 12% from 2016.
Here are the 10 cities where renters are most popular: 1.
New York, NY 2.
Philadelphia, PA 3.
Boston, MA 4.
Chicago, IL 5.
Washington, DC 6.
Minneapolis, MN 7.
Baltimore, MD 8.
San Francisco, CA 9.
Columbus, OH 10.
New Jersey, NJ