NJ Residents Struggling To Pay Rent, Mortgages, Study Says: Report

NEW JERSEY — If you're struggling to pay your rent or mortgage on time, you're not alone. In fact, New Jersey residents are finding it harder than most to manage the cost of housing, according to a new study.

Real estate and deed website Deeds.com recently analyzed data from the U.S. Census Bureau’s Household Pulse Survey to determine the average delinquency rate for each state, according to the study obtained by the Asbury Park Press.

The study found that more than 6.6 million U.S. households are behind on mortgage payments. Meanwhile, more than 9.4 million renters are struggling to pay rent.

New Jersey came in at No. 5 for delinquencies, topped only by Mississippi, Illinois, Delaware and Wyoming, the report said.

On average, delinquencies ranged from 11 to 12 percent, with 5.57 percent of homeowners in New Jersey late on mortgages and 17.70 percent of renters in the Garden State late on rent payments.