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As of 2023, the cost of living in New Jersey has seen a significant increase, with reports indicating a rise of around 7-8% over the past year. Factors contributing to this increase include higher housing prices, inflation, and rising costs for goods and services. Specific rates can vary widely depending on the region within New Jersey, with urban areas typically experiencing higher increases than rural ones. For the most accurate and up-to-date information, it’s advisable to consult local economic reports or government statistics.

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2d ago

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