Study: Lakewood, NJ Has The Fourth Highest Housing Cost In The Country

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Financial website WalletHub evaluated over 1,300 small towns and cities across the U.S. with populations of 25,000 or more. So, how did the Shore fare in this analysis?

Lakewood placed as the fourth highest in housing costs nationwide, following only San Luis Obispo, California; West Lafayette, Indiana; and Isla Vista, California, according to the assessment.

Among the 32 New Jersey locations WalletHub evaluated, Long Branch and Toms River were the only other towns from Monmouth and Ocean counties to make the list.

While Lakewood, Atlantic City, and Camden were ranked at the lower end of the scale, Atlantic City stood out by claiming the top spot in New Jersey for “Quality of Life,” according to WalletHub.

Bergen County was well represented at the top of the rankings, with Fair Lawn securing the number one position and Ridgewood coming in second.

Princeton followed in third place, Hoboken was ranked fourth, and Westfield rounded out the top five.

{Matzav.com}

5 COMMENTS

  1. Very misleading headline. The study was on approximately 1,300 small cities in the US within a specified range of residents. The analysis was also based on median income in each city.

    So no, Lakewood housing is not more expensive than Manhattan, or Beverley Hills, let alone Brooklyn or 5 Towns.

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