Average salary to live comfortably in nj. Additionally, New Jersey’s .

Average salary to live comfortably in nj Esp with free medical. Feb 14, 2024 · Living Wage Calculation for Bergen County, New Jersey. 1% between December 2021 and December 2022, wage growth Do you live in this area of New Jersey? The rent range you are suggesting will land you in a rough area of a city in a crummy apartment. May 16, 2024 · GOBankingRates then divided the salary needed to live comfortably by the state’s median hourly wage to get the total number of hours needed to work to cover expenses, nonessential items and Feb 8, 2022 · Average Salary Survey quotes the New Jersey average salary as $89,272 per year. L Apr 21, 2024 · Living Wage: $68,563 Wyoming is one of a few states where income exceeds the living wage. Is it a LOT? Hell no. Jul 4, 2024 · SmartAsset recently calculated the income a single adult working full-time would need to earn to live comfortably in each state. To live comfortably in Bernardsville, New Jersey, a minimum annual income of $144,360 for a family, and $70,800 for a single person is recommended. However, based on the data provided, a salary of around $49,040 per year is considered the average cost of living in Pennsylvania. It takes at least $2,193 in biweekly paychecks after taxes ($57,013 in annual after-tax income) to To live alone in a 1BR, still have money to save, pay student debt, AND obviously live your life on the weekends like going out, partying, dinners I would say $120,000 is the bare minimum. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to Aug 30, 2023 · Now, a new survey outlines how much someone needs to earn as a “living wage” to live comfortably in California and the other 49 U. ---Business and Financial Operations Occupations: $78,730. It won't be a mansion in the greatest town (5-10 years ago you could have gotten a town home in a good town for this) due to interest rates, but you could easily buy in a middle class town and live a simple happy life, especially if you have a partner and / or getting a bonus. If you work in NYC and live in NJ you pay both NY and NJ state income tax so your tax burden will be greater. Newark, New Jersey is ranked number 93 out of 100 major cities. What is the average salary in New Jersey? New Jersey ranks number 15 out of 63 states for salaries on ZipRecruiter. Our Cost of Living Calculator lets you compare the cost of living between two cities. Mar 11, 2024 · A new study revealed that it takes the most money to live comfortably as a single person in NYC, requiring $66. As a single person I spent 1500/month on an apartment with a 60k salary in the past. 44 an hour and the average person makes $17. The cities with the highest salaries needed to live comfortably are San Francisco, San Diego, Boston, New York, and Seattle. Mar 24, 2023 · But a new study detailed that the area is one of the cities that requires one of the lowest annual salaries to live comfortably. salaries struggle to keep up. Dec 24, 2024 · About Princeton, New Jersey Princeton is a municipality with a borough form of government in Mercer County, New Jersey, United States, that was established in its current form on. More The federal minimum wage is $7. That number is kind of ridiculous, unless comfortable includes investing about $100,000 in retirement savings annually. states. Average monthly cost of living: $11,971. Mar 26, 2024 · Another study from SmartAsset revealed that it takes the most money to live comfortably as a single person in New York City, requiring $66. But most people earn between $52,383 to $78,575. We live in a nice four bedroom house, kids go to private school, and have two new cars in the driveway with only one modest car payment. Apr 16, 2023 · Annual take-home pay to live comfortably: $67,740. Jun 14, 2019 · Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every U. To live alone in the city is minimum 1800 for a shitty studio, more like 2200. I’d say 100k NET to live comfortably. We have one 10 year old child and we live very very comfortably. And as mentioned above, income disparities tend to be common from one zip code to another. 25 per hour while New Jersey's state law sets the minimum wage rate at $15. Mar 9, 2023 · SmartAsset used MIT’s estimated living wage salaries as the “needs,” or 50% of one’s budget. Mar 21, 2018 · Bergen County is one of the most expensive places in live in New Jersey, information from the Economic Policy Institute (EPI) shows. As of the 2010 United States Census, the township's population was 56,044, reflecting an increase of 5,562 (+11. According to ZipRecruiter, the average salary is $77,256. Check Out: 10 Here's a look at the income needed to live comfortably in each state, listed in alphabetical order. Mar 15, 2023 · In the state of New Jersey, it’s recommended for a family of four to make $101,568 per year to live comfortably. New Jersey. Salaries in Belgium are very high compared to most other countries around the world, in fact, Belgium has the eighth highest average income in the entire world with the average salary currently sitting at €45,096 per year which equates to a net monthly salary of €2,432 per month. Average salary in New York is 107k. 00 (75th percentile) in New Jersey. Dec 24, 2024 · Newark, New Jersey is one of the Worst cities in the United States for driving. Feb 14, 2024 · Living Wage Calculation for New Jersey. So you're saying that your family has an income of about $87,000 per person and you're able to live comfortably? That's really shocking, considering the article recommends just $79,500. Most of my family still in NJ/NY say it’ll be a little tight to live on but I’d love to hear from others as well. More culture, more competitive police and nursing needs and better salaries. 136k combined is enough to live in jersey. states, you'll need to earn nearly double what single people typically make. New Jersey and Pennsylvania add up to $33,107 per year. Financially it was the best choice I ever made. Dec 24, 2024 · The federal minimum wage is $7. Mar 13, 2024 · SmartAsset used the 50/30/20 rule to determine the minimum pre-tax salary needed to live comfortably in Greensboro/High Point, Winston-Salem and 97 other U. Feb 29, 2024 · Metro areas where a buyer could comfortably afford a typical home with the lowest income are Pittsburgh ($58,232 income needed to afford a home), Memphis ($69,976), Cleveland ($70,810), New Orleans ($74,048) and Birmingham ($74,338). I'd argue even as single role medic, not working a shit ton of OT(say 48 hours a week max) it would be rough living comfortably most places. Sep 25, 2024 · What salary do you need to live comfortably in Edinburgh? A recent report suggests that to live a happy life in Edinburgh, residents should have an average salary of £36,000. New It's pretty expensive area to live we have a combined income of around 150k not including the passive income from our rental home. Jul 30, 2024 · The federal minimum wage is $7. Louis - affordable with similar with salaries. But having said that, it’s hard to answer the question of what a good salary is in New Jersey, as style of life varies from one person to the next. State, According to a New Report In 26 states, a family of four has to earn at least $100,000 a year to be considered The post This is the salary you need to live comfortably in 25 US cities appeared first on The Amazing Times. The tables below provide living wage estimates for individuals and households with one or two working adults and zero Dec 24, 2024 · The federal minimum wage is $7. Jersey City, New Jersey’s cost of living is 25% higher than the national average. New Jersey: $64,463: 42: Washington: $65,640: Oct 1, 2024 · The median income for a comfortable lifestyle in America is estimated to be about $186,000, almost three times what the average salary is according to Bankrate. Is New Jersey a high-income state? Yes, New Jersey is considered a high-income state with a median household income of $123,727 in its richest county. requiring an average salary of just $78,790, which works out to What salary do I need to live comfortably in Summit, NJ? Because the average rent in Summit is $2,101, you’ll want to make about $7,003 per month or $84,036 per year. Paying $6300 a month. On the other hand, living in cities in California, Rhode Island or New Jersey requires well over $100,000 to get by. cities": The average salary needed to live comfortably in the U. Jul 11, 2024 · In New Jersey, the minimum wage is $15. Davel5957 / Getty Images SmartAsset recently calculated the income a single adult working full-time would need to earn to live comfortably in each state. Jan 2, 2025 · Here's How Much a Family of 4 Needs to Live 'Comfortably' in Every U. According to PayScale, the average salary in Newark NJ is $82,000 per year. But a study by Forbes Advisor has some surprising findings — that New Jersey is one of the best states in the country for families to meet their basic needs on the average salary. say about Jersey City? Jersey City, New Jersey is quickly becoming one of America's premier destinations for those looking for excellent quality-of-life without spending too much. Apr 4, 2024 · New Jersey is not often thought of as an affordable place to live. In 22 of the 25 cities on the list, a post-tax salary of more than $50,000 is considered adequate to live comfortably. Jun 21, 2024 · The average salary to live comfortably in New York City depends on various factors, including the cost of living, individual circumstances, and lifestyle choices. Average Salary in Nevada. But seeing as the average salary in Canada is $51,000 (or $986 a week) you may be more inclined to cling to ideologies aligned with life's enriching intangibles, like a pursuit of purpose, instead. Also, check out the salary a single person needs to live in every state. To live comfortably in Princeton, New Jersey, a minimum annual income of $166,320 for a family, and $67,600 for a single person is recommended. Topping the list is San Francisco -Oakland-Berkley. It’s a high-tax, high-expense state. A person can live comfortably with an Oct 10, 2024 · The cost of living in New Jersey is $2706, which is 1. median income for single, full-time workers is around $60,000, according to Labor Bureau data. Mar 8, 2022 · In 22 of the 25 cities on the list, a post-tax salary of more than $50,000 is considered adequate to live comfortably. Dec 24, 2024 · Piscataway (/pɪˈskætəweɪ/) is a township in Middlesex County, New Jersey, United States. Additionally, New Jersey’s Jun 16, 2024 · The article below provides information on the income levels needed to live comfortably in New Jersey. The only debt we have left is a mortgage (at 1. The general guideline is to pay no more than 30 percent of your monthly income on rent. If you're single and live a normal life you could rent or buy a home easily off this salary. 04 a week or 4,918. Alabama. The median home price here is 625k. Salary needed to live comfortably: $287,311. say about Princeton? The cost of living in Princeton, NJ is relatively high compared to other cities in the region. If you make $60,000 a year your net is about $40,000. These popular jobs are paid between 43669(80. cities. It’s where people live in mansions and nearly all drive luxury vehicles. The study says people in the city need an hourly wage of $66. Skip to content New Jersey: $64,463: 42: Washington: $65,640: 43: Oregon But on a paramedic salary, you live within your means (which you should do at any job) and you should easily be able to live a comfortable life style. U will prob most likely just live a middle class lifestyle. So if you live in a dual income household it's definitely doable, although imo you really need a total family income of at least $150k to live comfortably, which is far higher than the median family income of $80k (although that number includes south jersey). stands at $68,499 after taxes — a stark contrast with the current national average income. Apr 16, 2024 · To live comfortably in some U. requiring an average salary of just $78,790, which works out to The average salary to live comfortably in New Jersey is around $60,000. Feb 14, 2024 · Living Wage Calculation for Essex County, New Jersey. Those were considered the top three places where a high salary wasn’t needed to “live comfortably,” according to Smart Asset. Wouldnt be anywhere near possible in NJ. For instance, the average salary for someone working in Comfortable Salaries by State. lol. Louis, Detroit and San Antonio needed to make between $57,000 to $60,000 after taxes to afford a comfortable life. Learn more about the cost of living in NJ. NY-NJ-PA: $78,524 . So 100k is literally below average. 31 and as low as $11. is $68,499 after taxes. Jun 27, 2024 · The average salary to live comfortably in Pennsylvania depends on various factors such as location, lifestyle, and family size. Feb 14, 2024 · Living Wage Calculation for Somerset County, New Jersey. 8 months. For instance, you can get by on less than $65,000 in St. That's almost half your salary. Select a link below to display the living wage report for that location: Show results for New Jersey as a whole That might’ve been fine 20-30 years ago but it’s not enough now to live comfortably. When I think comfortable I think of at least the ability to buy a house if one chose that route. Congrats. How much money do you need to live a good life in South Africa? Numbeo estimates that a family of four would need R30,775 per month, excluding rent, while a single person would need around R8,875. How does New Jersey Jun 5, 2024 · For example, if you live in midwestern or southern states like Ohio, Indiana, Oklahoma, Texas or Alabama, the average salary you’ll need to live comfortably is under $80,000 per year. and two children in Bergen County would need to earn $8,754 What salary do I need to live comfortably in Bernardsville, NJ? Because the average rent in Bernardsville is $974, you’ll want to make about $3,246 per month or $38,952 per year. New Jersey ranked 6th most expensive and 27th best state to live in the United States. Try it for where you live. The cost of living overall in New Jersey is 1. With an estimated population of 30. Best Paying Jobs in Arkansas Sep 26, 2024 · A Smart Asset report based on MIT’s Living Wage data found that the average salary required to live comfortably in the U. ( Emotional well-being is about day-to-day emotions, such as feeling happy, excited, or sad and angry. So your mileage may vary. ” Feb 14, 2024 · Living Wage Calculation for Monmouth County, New Jersey. state. We have a pretty great 4 bedroom house in good neighborhood and are comfortable. I. Based on the data provided, here are the answers to the 22 questions: 1. 1k/month), student loans, and a car note. Yet this article says the minimum to live “comfortably” in my city for a family of four is $213k. What does A. cities with the highest cost of living: New York City: $138,570 San Jose, California: $136,739 Irvine, California Feb 12, 2024 · As reported by SoFi, the average salary in the United States is $60,575, but it can vary widely depending on which state you live in. Dec 24, 2024 · Mount Laurel is a township in Burlington County, New Jersey, United States, and is an edge city suburb of Philadelphia. 66 (25th percentile) to $20. 5. ) is probably out of your reach. 25 per hour in 2025. The survey determined that an individual needs to make an annual salary of $66,434 after taxes to live comfortably live in New York and New Jersey. Using data from the MIT Living Wage calculator, Villanova found that St. 25 per hour while Tennessee's state law sets the minimum wage rate at $7. While salaries increased 5. New Jersey – $33. The average salary figures include:---Management Occupations: $138,750. Occupations that require considerable education and training have high average salaries in New Jersey. As of Jan 25, the average annual salary in New Jersey is $59,022. 5 Places That Require the Lowest Salaries: Aug 24, 2024 · For example, if you live in midwestern or southern states like Ohio, Indiana, Oklahoma, Texas or Alabama, the average salary you’ll need to live comfortably is under $80,000 per year. Would say $150,000 is comfortable , and $175,000 should be the goal especially if you’re maxing out your Roth 401k Nobody “needs” to spend 30% of their income on “wants” to live comfortably and most people don’t “need” to save 20% after they have an emergency fund built up (people for sure should save more than they do, but if you are saving 10% you’re probably still going to live comfortably). My husband and I gross about 140k/year now and live like kings. Ask anyone in New Jersey looking for a home in Salem County versus Bergen County. Jan 13, 2025 · New Jersey. /// Another area, I'd look at is St. Feb 14, 2024 · Living Wage Calculation for Ohio. The top examples of these jobs are Physical Therapist, Barista, and Event Planner. Florida is the lowest paying State for Comfortable jobs. Irvine, California. Unless you're eating oily biandang boxes that are 70% rice, 29% vegetables and 1% meat, eating "like a local"means going to the traditional market for vege Bare minimum you will need to live in St Pete Tampa area is 80K, and that's only if you can find cheap rent, but most rent is double (averages between 2,000- 3,500) what it was four years ago, and most have roomates. 3 days ago · Davel5957 / Getty Images/iStockphoto 100. Will be much cheaper. 18 times the national average, while the cost of housing Jun 25, 2024 · The Living Wage Calculator tool shows how much it really costs to afford life in NJ. U could prob take ur family vacation once a year and if you know how to budget you should be able to save. Your family earns more per capita than the article recommends and you're comfortable and living an actual middle class lifestyle. The average salary in Jersey City is Mar 21, 2024 · After crunching the data, SmartAsset ranked Boston fifth among the top 10 cities in America with the highest salaries needed to live comfortably: Hourly wage needed for a single adult: $60. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to 22f, I’m originally from NY but moved to the Midwest as a child so I’m used to most starting salaries being at 35-40k which is completely live-able over here. Now if you want to live like some medics around here and have an $85,000 4x4 truck, a deer camp lease, duck camp lease, three ATVs, a $475,000 house, and your wife not work and drive a $70,000 Aug 26, 2024 · To cover all of the above, you would need to earn a net salary of roughly R26 000 to live comfortably in South Africa. See what you will need to make to keep your current standard of living. There's no such thing as 1000 a month here. Jun 9, 2017 · In a state where the minimum wage is $8. The average home value is almost $500,000, as well. Anywhere along the waterfront (Hoboken, downtown JC, etc. com) Apr 4, 2023 · People in St. I'm PNW/mountain west though. (2024-12-24 salary. Feb 21, 2024 · The study reveals that the average salary needed to achieve a comfortable standard of living in the U. And that's exactly what we just paid for our new home we just bought in March. Jul 5, 2022 · How much money do you need to live comfortably in NJ?New York and New Jersey came in at fourth-highest. Plan on spending more on gas and auto expenses if you move to Newark, New Jersey, resulting in a higher cost of living. The average salary needed to live comfortably across all of the major metro Jul 8, 2024 · Expenses can vary wildly within a state. metro areas is $57,013. 9%) from the 30,270 counted in the 1990 Census. 13 Here's the income a single person needs to live comfortably in the 25 U. ). 2%) from the 47,089 counted in 1990. 10 This is New Jersey saw the lowest Oct 28, 2019 · The group estimates a family of two adults and two children in Fairfield County would need to earn a combined $109,497 per year — or $9,125 a month — to live comfortably. And in NJ you need a car. Or live in Edison NJ and take the train. Mar 9, 2023 · It's hard to feel financially stable when the cost of living continues to take a bigger bite out of your budget. Here are the high points of the article "The salary you need to live comfortably in 15 major U. However, some locals argue that this figure might just be enough to “get by” in the city. May 16, 2019 · Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a family of 4 must earn to meet their basic needs without relying on outside help in every U. To live comfortably in Jersey City, New Jersey, a minimum annual income of $105,840 for a family, and $77,600 for a single person is recommended. 88 per hour, or $78,790 annually. 38 an hour. ill never forget visiting my friend in Jersey City. You will be fine. Counties and Metropolitan Statistical Areas in New Jersey. Live yes, comfortable nah. Shaker Heights, Ohio offers a reasonable median household income of $96,494, enough to fund a comfortable living in this small city. Aug 24, 2024 · Here is the salary that the average family needs to live comfortably in 101 major U. This isn't quite accurate. 7K, Princeton is the 1471st largest city in the United States. SmartAsset applied the 50/30/20 budget to cost data in each state to determine the income a single adult and family need to live comfortably. 5; Colorado – $32. 08. Apr 17, 2024 · According to CNBC, a single person in New Jersey needs to earn $103,002 to be comfortable. 7%) and 43669(80. The average salary after taxes in New Jersey is $4886, which is enough to cover living expenses for 1. It helps to know the average salary and how well it stacks up against the living wage. While ZipRecruiter is seeing salaries as high as $28. Just in case you need a simple salary calculator, that works out to be approximately 28. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to three children. The living wage shown is the hourly rate that an individual in a household must earn to support themselves and/or their family, working full-time, or 2080 hours per year. The average income in Newark NJ for a household is $46,460. Jan 8, 2025 · Income needed to live comfortably: $126,136; Anyone earning the median household income of $113,781 or less will struggle to live comfortably in Pompton Lakes, New Jersey. Jersey City, New Jersey. Median household income: $122,948. 75K if you’re willing to budget heavily (specifically use public transportation and eat out minimally). This tool can be much more specific. 62 and a salary of almost Feb 14, 2024 · Living Wage Calculation for Florida. 31 an hour to reasonably afford a two-bedroom apartment. What is the average annual salary for a Comfortable job by State? See how much a Comfortable job pays hourly by State. 68k for a single person is enough to live on your own in most of NJ. Mar 2, 2022 · The average salary needed to live comfortably across the 25 largest U. 22 times more expensive than the average in the United States. You won’t live a lavish life style nor you will struggle. The tables below provide living wage estimates for individuals and households with one or two working adults and zero Jun 5, 2024 · Average Salary & Median Household Income in Newark. food is generally really cheap, as long as you’re willing to eat like locals. Annual income needed to live comfortably: $103,002; New Mexico. It is doable and it is the reality for many, many people. Seattle-Tacoma-Bellevue, WA: $77,634. In a recent study, Patrick Villanova of Smart Asset assessed how much a single adult with no children would need to live comfortably in the 25 largest US metro areas. This is equivalent of 1,135. Jun 19, 2024 · 4. Jun 12, 2024 · West Virginia is the least expensive for a single adult, who only needs to make an estimated $37. Police salaries are high, and you can pick up overtime; nurse salary maybe a -40 to -20 decline, dependent upon your role. Which will cost you about $40,000 a year. Is it possible? Sure. 2bedroom apt, 1100sq ft. According to Talent, the average salary in the state is $35,086 per annum, with entry-level jobs starting around $25,350 while experienced employees make around $76,846. . We have the worst business tax, so even starting a company or small shop here is brutal. That means you (as a single person) would be able to pay for your rent, utilities, groceries, transport and healthcare and still have money left over for a few lifestyle and entertainment luxuries. There is no universe where that is good money management. As of the 2010 United States Census, the township's population was 41,864, reflecting an increase of 1,643 (+4. 49 per hour in 2025. 0%) from the 50,482 counted in the 2000 Census, which had in turn increased by 3,393 (+7. New York-New Jersey-Pennsylvania SmartAsset found you need a salary of nearly $68,500 Feb 14, 2024 · Living Wage Calculation for New York-Newark-Jersey City, NY. Oct 24, 2023 · And the living wage needed for a single person has also increased – up to $64,463 in New Jersey, according to a new financial analysis. Louis, Missouri, but in many California cities, you need between $100,000 and $200,000 just 100k salary means about 5k a month after taxes. 96, the majority of salaries within the Comfortable jobs category currently range between $14. Minimum salary needed to be happy: What Salary Single People Need To Live Comfortably in 100 Major US Cities ; $2,000 Quarter? Check Your Pockets 68k is a decent income but how comfortable you will be depends on where you live and your situation (single vs married with kids, debt, etc. Newfoundland is the highest paying state for Comfortable jobs. Jan 8, 2025 · Income needed to live comfortably: $93,221. Where you live also plays a role. We used cost of living data and the 50/30/20 rule budget to calculate how much it takes to live comfortably in the largest 25 metro areas in the U. Demands for a living wage that is fair to workers have resulted in numerous location-based changes to minimum wage levels. What is the average salary per month in Cape Town? The average salary in Cape Town is roughly between ZAR 30,000 and ZAR 55,000 per month. When my husband and I were renting, we made a combined salary of about $105k, with 2 cars. With a median income of $72,495, the average Wyoming resident has enough to get by. The 50/30/20 budget recommends 50% of your salary should be allocated to your needs, 30% to wants, and 20% to saving. 25 per hour while New York's state law sets the minimum wage rate at $15. Of the jobs in Hoboken with the most active job markets, we found at least 3 roles that pay more per year than the average salary in the state. S. Feb 14, 2024 · Living Wage Calculation for North Carolina. Mar 10, 2022 · The survey determined that an individual needs to make an annual salary of $66,434 after taxes to live comfortably live in New York and New Jersey. The Newark cost of living is greatly influenced by the local economy. Researchers conducted price collection in each city at a specified Mar 10, 2022 · Cities throughout the South and Midwest also make an appearance on SmartAsset’s list. 86 per hour, a New Jersey worker needs to be paid $27. With its cost to live comfortably up more than 22 percent from last year’s $55,272, Orlando beat out Miami for the number 10 spot on the list Core cost of living data is from The Cost of Living Index - COLI from the Council for Community and Economic Research, or C2ER. Live in a very good area. f11photo/Shutterstock Mar 10, 2022 · The survey determined that an individual needs to make an annual salary of $66,434 after taxes to live comfortably live in New York and New Jersey. However, based on the information available, here are some insights into the income levels needed to maintain a comfortable standard of … Jan 14, 2025 · This is easier for couples who often have two incomes, but when you’re a single person, the salary you need to live comfortably may actually have to be higher. 13 per hour in 2024. Dec 24, 2024 · About New Jersey New Jersey is bordered on the north and northeast by New York (parts of which are across the Hudson River, Upper New York Bay, the Kill Van Kull, Newa. Mar 21, 2024 · Aurora is not too far off from the city that needs the highest salary to live comfortably – New York City. How expensive is living in New Jersey?The cost of living in The report lists hundreds of average salaries by occupation. The tables below provide living wage estimates for individuals and households with one or two working adults and zero to NJ is really hard live comfortably. Aug 31, 2023 · A new survey outlines how much someone needs to earn as a “living wage” to live comfortably in all 50 U. 62 in hourly wages, or an annual salary of $138,570. We would like to show you a description here but the site won’t allow us. 5 per hour in 2025. Mar 10, 2021 · Some states, like New York, require $95,724 to live comfortably, but in other states, it can be as low as $58,321. What salary is needed to live in NJ? Mar 10, 2022 · The survey determined that an individual needs to make an annual salary of $66,434 after taxes to live comfortably live in New York and New Jersey. ---Computer and Mathematical Occupations: $92,610. This doesn't meet the state's average living wage standard, which according to MIT's Living Wage study, is Mar 23, 2018 · The group, for instance, estimates a family of two adults and two children in Morris County would need to earn a combined $104,121 per year — or $8,677 a month — to live comfortably. Jun 22, 2024 · To live comfortably in New Jersey, an individual needs to make an annual salary of approximately $66,434 after taxes. 7%) more than the city average salary of $75,918. This amount can vary depending on lifestyle, location, and other factors. If you put 20%=$150,000 down your mortgage and tax payment will be about $3300 a month. We are a family of four, make about 100,000 less than what's supposed to be comfortable. 13 per hour, or $31,470 annually. Compare cost of living in Jersey City with factors like salaries, housing expenses, groceries, utilities and more. The average salary needed to live comfortably across all of the major metro areas is $57,013, according to SmartAsset. Aug 17, 2021 · MIT's Living Wage Calculator estimates how much a single person needs to earn in order to stay above the poverty line without outside assistance. 50 a month. Feb 14, 2024 · Living Wage Calculation for Hudson County, New Jersey. 1%) from the 40,221 counted in the 2000 Census, which had in turn increased by 9,951 (+32. New Jersey is known for its high cost of living, and this is especially true for single individuals. Oct 10, 2024 · Ranked 349th (TOP 4%) in the list of best places to live in the world and 89th best city to live in the United States, and 3rd most liveable city in New Jersey. To live comfortably on your own in the top five states, a person would need to earn nearly double the typical income for single earners, as the U. is $68,499. This is lower than the New Jersey average of $97,126. At this rate, it’s possible to live comfortably on the average salary in the state. Something seems very off with this analysis, or they’re defining comfortable as “able to spend as I wish and never have to consider budgets or the cost of anything. qpfeq bmbxt btgop wgmfmh jabfzud oluskq gens vjyb uychpq rxqlyhj