Living Wage Calculator - Living Wage Calculation for New Jersey

23 rows · Feb 14, 2024 · 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 tables below provide living wage estimates for individuals and households with …

$23.03
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How Much Does It Really Cost To Afford Life In NJ? Living Wage

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For Passaic County, the Living Wage Calculator says the hourly living wage for a resident with no children is $23.03 an hour. If that person wanted to start a family with a working partner and …

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$7.25
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Cost Of Living Calculator | Cost Of Living In New Jersey - Salary.com

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34 rows · Dec 24, 2024 · The federal minimum wage is $7.25 per hour while New Jersey's state law sets the minimum wage rate at $15.49 per hour in 2025. ... Healthcare costs make up a …

salary.com

$84278
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It Costs This Much To Live In New Jersey, New Report Says

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Feb 22, 2024 · The living wage in New Jersey is $84,278, while the national living wage is around $68,500 after taxes, according to MIT’s Living Wage data.

patch.com

$33696
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How Much Does It Cost To Live In New Jersey - Moovaz

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Apr 22, 2022 · According to the MIT Living Wage Calculator, an adult with no children in New Jersey needs a living wage of $33,696 before paying the taxes. The food expenses from this …

moovaz.com

$37.92
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100-Hour Weeks To Afford Rent: How Expensive Is Living In NJ?

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Sep 20, 2022 · In New Jersey's priciest metro area (Jersey City) a full-time worker would need an hourly wage of $37.92 to afford a two-bedroom apartment. That would require working 116 …

patch.com

$7.25
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How Much Do You Need To Earn To Support Yourself Or A Family

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Jan 18, 2019 · That's because the current wage of $7.25 per hour doesn't account for much more than a basic budget for food, according to analysis from an MIT professor. With a state …

nj.com

$8.85
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Many Low-wage Workers In N.J. To Receive A Raise On Jan. 1

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Dec 30, 2024 · To do so, Murphy and lawmakers enacted legislation in 2019 that immediately increased the minimum wage from $8.85 to $10. The same law also required a series of …

nj.com

FAQs about Living Wage Calculator - Living Wage Calculation for New Jersey Coupon?

How much is a living wage in New Jersey?

Even though the tool is meant to be used for a more regional county level, through estimations the Living Wage Calculator believes the living wage for the state of New Jersey should be $24.76 for one individual with no children. ...

What is the Living Wage Calculator?

We developed the Living Wage Calculator to help individuals, communities, employers, and others estimate the local wage rate that a full-time worker requires to cover the costs of their family’s basic needs where they live. Explore the living wage in your county, metro area, or state for 12 different family types below. ...

How much is a living wage in Bergen County?

According to the Living Wage Calculator, the living hourly wage for someone living in Bergen County with no children is $24.87 per hour. Two working adults with one child should both be making $25.18 an hour for a living wage, according to the calculator. Here are some other family scenarios and their living wages for Bergen County. ...

What is the minimum wage in New Jersey?

In New Jersey, the minimum wage is $15.13 per hour, or $31,470 annually. This doesn't meet the state's average living wage standard, which according to MIT's Living Wage study, is $16.90 per hour, or $35,152 annually, for two adults without children. ...

Is New Jersey a good place to live?

The advantages of living in New Jersey are many, but the high cost of buying a home is not one of them. ( 2024-11-21 salary.com ) New Jersey is ranked number 14 out of all states in overall healthcare access and affordability. Healthcare costs make up a significant part of the cost of living. ...

Does where you live affect a household budget?

A lot of expenses go into the reality of a household budget, whether you live alone or support a household. Where you live can significantly affect costs and earnings. For example, living in the Vineland-Bridgeton area is cheaper than the New Jersey state average, while living in Bergen County is much more expensive. ...