Welcome to Elizabeth, New Jersey
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Elizabeth has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Elizabeth
Its average salary is a central indicator of Elizabeth’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $52,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Healthcare, education, retail, logistics, government makes Elizabeth an ideal location for professionals from various walks of life.
Median Home Value in Elizabeth
The real estate landscape in Elizabeth is as varied as it is promising. The median home value is $270,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 68.90% underlines Elizabeth as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 31.10% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Elizabeth
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In New Jersey, the average credit score sits at 724. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Elizabeth. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Elizabeth
Elizabeth has a population of around 135,407 inhabitants. These residents are comfortably spread across 12.3 sq mi (or 31.9 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 11,162 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Elizabeth
Elizabeth enjoys a thriving economy with Healthcare, education, retail, logistics, government being the major contributors. The proximity of the nearest airport (Newark Liberty International Airport (EWR)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 724 reflects a financially responsible and economically active populace.
Educational Opportunities in Elizabeth
Elizabeth holds education in high esteem. The city boasts top-ranking schools, such as Elizabeth Public Schools, Kean University, Union County College – Elizabeth Campus, Elizabeth High School, Thomas Jefferson Arts Academy, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like Union County College, Kean University and Trinitas School of Nursing, produce a well-educated, competent workforce contributing to Elizabeth’s vibrant economy and societal fabric.
City’s Alias: Elizabeth
Affectionately known as ‘The Gateway to New Jersey or E-Town‘, Elizabeth, positioned at 40.67°N 74.19°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Elizabeth promises a rewarding and enriching experience.
Recreation and Lifestyle in Elizabeth
Experience the exciting pace of life in Elizabeth, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Elizabeth caters to all. Popular attractions include Liberty Hall Museum, Warinanco Park and Boxwood Hall, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Elizabeth’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.