Photo Credit: Sean Pavone / Alamy Stock Photo
- Total time (working + commuting): 46.0 hours per week
- Working time: 39.9 hours per week
- Commuting time: 6.1 hours per week
- Percentage of population leaving for work before 7AM: 20.1%
- Median household income: $66,264
- Unemployment rate: 5.3%
It is not just expensive to live in New York City; it is expensive to live anywhere in the New York metropolitan area. With a median household income slightly above the national average of $60,336 and an unemployment rate one percentage point above the rest of the United States, many may find it hard to make ends meet in this North New Jersey city. Major financial firms such as UBS, Goldman Sachs, Chase, Citibank, and Merrill Lynch all hold court on the Jersey City shore. The high commuting time, however, suggest that many Jersey City residents regularly commute to the Big City.