>
New Jersey in top five most expensive states for renting
New Jersey is the fourth most expensive place in the nation to rent a two bedroom apartment, behind only Hawaii, Washington, D.C., and California, according to a national report released Tuesday by the National Low Income Housing Coalition.
A family must earn an hourly wage of $25.04 in order afford to rent in New Jersey, where more than a third of residents rent a house or apartment. In 2011, New Jersey ranked in the top five and the new status represents an 18 percent increase over a five year period. (Hester, New Jersey Newsroom)
