Overall
Have you been thinking you might retire in one of the active adult communities in New Jersey? If so you can use this website to find data and opinions on the exciting active adult retirement communities that have become so plentiful in New Jersey. The Garden State is a populous state (over 8MM people) with many faces - from big cities to charming sea coast villages, from wealthy Manhattan suburbs to the vast pine barrens - it is sure to have a community where you can be happy in retirement.
The Wikipedia entry for New Jersey has more facts.
Princeton Retirement
New Jersey Climate
The New Jersey climate is called humid-continental. There are 4 seasons and the climate is influenced alternatively by the Gulf of Mexico and the Northeast. Summers are hot and winters are cold with occasional snowstorms.
Economy
New Jersey is the third wealthiest state in the United States, with a per capita income over $41,000. Median home prices can range greatly - in the wealthy NYC suburbs prices can be quite high. In the large Newark Metro the median home price, at $440,000, is double the national median. In southern New Jersey prices can be a lot more reasonable - in the Atlantic City area the median home price was $257,000 in mid-2006.
Cost of living in New Jersey is above the national average but differs by region - 110 index in Atlantic City and 144 in Newark.
New Jersey Taxes
New Jersey's top marginal income tax rate is 8.97% on the top bracket ($500,000), the lowest is 1.4% at $20,000. State sales tax is 7.0%. Total tax burden in Newark is one of the highest in the nation at 11.9%. NJ has an inheritance tax. Some pensions are exempt from income tax, including military pay. There are property tax relief programs for seniors; eligibility is determined by a number of factors including income. There is also a tax rebate program on property taxes for people whose incomes are less than $250,000. Here is a link to the NJ Division of Taxation for more information
Certified Retirement Communities
New Jersey does not have a certified retirement community program.
Best retirement communities in New Jersey
New Jersey is a highly desirable state for active adults and people over 50. Many retirees live here already and don't want to leave the area, but would like to relocate to an active adult community and an easier, less-costly lifestyle. For example, active adults looking for retirement information on the beautiful college town of Princeton will find vital information to help assess pros and cons of living there.
Other "best" retirement communities include the popular but low-key choice of Manahawkin, the family beach town of Ocean City, or the glorious victorian treasure of Cape May at the southernmost end of the state. Towns like Toms River, Madison, Red Bank, and Montclair are other great retirement places to consider.
At Topretirements.com our job is to provide the objective facts and peer-reviewed profiles to help you find the best community for you. So if you are considering a New Jersey retirement, check out the listings on this site. Here is more inside information on retirement living communities in the neighboring states to help you retire in Pennsylvania, North Carolina, Delaware, Connecticut, Virginia, and New York. These links provide insight and data into economic conditions, climate, top communities, and taxes.
Free eBook - Baby Boomers Guide to Selecting a Retirement Community - 16 Factors
Download this free eBook and use its fun exercises to help you find your perfect active adult retirement community.
Get started with reviews of the best retirement communities.
Click on the New Jersey Retirement Community reviews on the right. Or to find other state guides to retirement or more on types of retirement communities
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