This article looks at the 5 best places to retire in New Jersey. If you wish to see our detailed analysis of retirement savings, relocation, and pros and cons of retiring in New Jersey, you may go over to 15 Best Places to Retire in New Jersey.
5. Linwood
Insider Monkey Score: 19.45
Livability Score:76
Median Home Price: $615,000
Median Rent: $1,795
IM Cost of Living: 93.9
Located in Atlantic County, Linwood is one of best places to retire near Atlantic City. Although home prices in Linwood seem steep, they are more affordable in comparison to nearby places like Ocean City and Margate City. Living in Linwood allows you to enjoy a suburban lifestyle while still having access to beautiful beaches, clubs, and casinos throughout the year, ensuring that you spend your golden years in the most entertaining fashion.
4. Glassboro
Insider Monkey Score: 19.63
Livability Score:81
Median Home Price: $366,495
Median Rent: $3000
IM Cost of Living: 108.5
Glassboro is located at just a half an hour’s drive from Philadelphia. Despite being a relatively small town, Glassboro has a rich culture and identity. The town’s name was influenced by the presence of glass manufacturing factories in the region as far back as the 18th century, and this heritage can still be explored in the Heritage Glass Museum. Moreover, the town is home to several breweries and wineries, whilst also offering plenty of parks for residents to immerse themselves within.
3. Highland Park
Insider Monkey Score: 20.44
Livability Score:88
Median Home Price: $401,000
Median Rent: $2,286
IM Cost of Living: 125.4
Highland Park is a small suburb of New York City which is famous for its riverfront parks. Both Johnson Park and Donaldson Park host incredibly vast and beautiful trails which are a great way to explore the great outdoors. The area is quite close to New Brunswick, which is home to Rutgers University. Many of the university’s students and staff live in Highland Park, because of which the city has a diversified, vibrant, and youthful energy.
2. Haddonfield
Insider Monkey Score: 21.07
Livability Score:86
Median Home Price: $552,000
Median Rent: $2,400
IM Cost of Living: 108.6
Although Haddonfield is closer to Philadelphia, it is also within an hour’s drive from Atlantic City. Whilst residents can visit both these cities for endless doses of entertainment and recreation, the charm of Haddonfield itself is one of the most appealing reasons to retire in this city. Houses are adorned in Victorian architecture while there are plenty of colonial and civil war era sights to explore. The Indian King Tavern, a recognized historic site, was where New Jersey officially earned its status as a state, and residents can still visit the structure to enlighten themselves with the region’s history.
1. Pompton Lakes
Insider Monkey Score: 21.15
Livability Score:92
Median Home Price: $480,000
Median Rent: $2,350
IM Cost of Living: 129.9
The area of Pompton Lakes is located in Northern New Jersey and has the highest livability score out of all the places on our list. It features some of the most scenic destinations in the state, which make it the perfect destination for a reclusive retirement. Apart from lakeside views, residents can immerse themselves in the flora and fauna of the Laurelwood Arboretum grounds. Moreover, just north of Pompton Lakes is the Ramapo Mountain State Forest.
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