Located in the state of New Jersey, Carteret is a mid-sized city with a population of 23,966 people. In Carteret, there are 5,458 people per square mile, which is well above the national population density average. More than a quarter of the residents of Carteret identify themselves as Hispanic or Latino, and 27% of the population speak Spanish as their primary or secondary language.
Whether you’re moving to a new city to be closer to family, friends or for a new job, living in Carteret could be a positive experience compared to other cities in New Jersey if you know where to search. To help you find the best places to live in and around Carteret, AreaVibes has created a livability score using key metrics like crime, education, employment, housing and more.
The livability score in Carteret is 67 out of 100 and the city is ranked in the 50th percentile of all cities across America. If we dig down a little deeper into each category within the livability score, we see that Carteret has higher than average grades for the following: amenities (A+) and crime (A+). On a less positive note, Carteret does not have favorable grades for the following: cost of living (F), education (F) and employment (D-). If we take a look at the data, we can find out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Carteret, there is no shortage of amazing local amenities and interesting things to do.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Carteret has a violent crime rate of 181 crimes per 100,000 residents which is far lower than the national average.
Carteret real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Carteret. Median real estate prices in Carteret come in at $259,900, which is 17.9% lower than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In Carteret, the home price to income ratio is 3.8, which is 11.6% lower than the New Jersey average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Carteret will offer some insight into determining if your home purchase will be a solid investment for years to come. In Carteret, the year-over-year appreciation rates were 10.9%, and the 5 year appreciation rates came in at 6%.
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