Thinking of Leaving New Jersey? You're Not Alone!
Are you a New Jersey homeowner, especially a senior or baby boomer, who's feeling the itch to move on? If so, you're part of a growing trend. A recent study by ConsumerAffairs analyzed data from over 143,000 users and found that New Jersey is one of the top states people are looking to leave in 2024. But where are they going? And why?
This article will explore these questions and provide valuable insights for New Jersey residents considering a move out of state.
Why Leave the Garden State?
The study suggests that a significant factor driving people out of New Jersey is the high cost of living. This isn't surprising, considering New Jersey consistently ranks as one of the most expensive states to live in, with housing costs being a particular burden and their high property taxes.
Sunnier Skies and Lower Costs: The Southern Draw
The analysis revealed a clear trend: people are flocking to Southern states. North Carolina, South Carolina, Florida, and Tennessee topped the list for states with the highest net gain of movers. This shift coincides with a lower cost of living in these Southern destinations. Many Southern cities also made ConsumerAffairs' 2024 Cheapest Places to Live list.
Beyond affordability, the study points to comments from Michael Basch, founder of a venture capital firm based in Oklahoma, who highlights a shift in the South's appeal. While some may chase the stereotypical California lifestyle, Basch suggests many places in the South now offer a strong sense of community, a welcoming environment for families, and exciting opportunities for entrepreneurs.
Is the South Right for You?
While the South is a popular choice, it's important to consider your individual needs and preferences. Here are some questions to ask yourself:
Climate: Do you prefer warm weather year-round or distinct seasons?
Pace of life: Are you looking for a slower pace or the hustle and bustle of a big city?
Taxes: How do taxes compare in your target state to New Jersey?
Activities and Interests: Does the state offer the cultural attractions, outdoor activities, or hobbies you enjoy?
Escape From New Jersey: Your Trusted Resource
Here at Escape From New Jersey, we understand the challenges and considerations facing New Jersey homeowners looking to relocate. We offer a wealth of resources to help you through every step of the process, including:
Information on popular retirement destinations: We provide in-depth guides on various states, including those mentioned in the ConsumerAffairs study.
Cost-of-living comparisons: Easily compare the cost of living in New Jersey to your target state.
Senior living options: Get connected to real estate agents in your new destination who can help you explore senior living communities, active adult communities, and other retirement housing options.
Guidance on selling your NJ home: We connect you with experienced real estate agents specializing in the New Jersey market.
Whether you're seeking sunnier skies, a lower cost of living, or a fresh start altogether, Escape From New Jersey can be your trusted partner in your relocation journey.
Ready to Start Your Escape?
Browse our website or contact us today to speak with a relocation specialist. Let us help you find the perfect place to call home in your next chapter!
