Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The question for all currently living in NJ to help those who plan to move in NJ is this: How much does one needs to earn at a minimum to survive in NJ?
The assumptions are as follows:
- taxes (state withholding, federal, social security, medical)
- deductions (medical, dental, optical, 401K, etc)
- rent ( lets say for the purpose of discussion its pegged at $800)
- utilities ( say $100)
- food and transpo ( not sure maybe 1000/month)
- no family to support. just yourself.
- not studying
All these without shopping, fancy dining, travel, and all other extras. Just living at the basic.
The question for all currently living in NJ to help those who plan to move in NJ is this: How much does one needs to earn at a minimum to survive in NJ?
The assumptions are as follows:
- taxes (state withholding, federal, social security, medical)
- deductions (medical, dental, optical, 401K, etc)
- rent ( lets say for the purpose of discussion its pegged at $800)
- utilities ( say $100)
- food and transpo ( not sure maybe 1000/month)
- no family to support. just yourself.
- not studying
All these without shopping, fancy dining, travel, and all other extras. Just living at the basic.
thanks
In Exile
It really depends -- for example, maxing out your 401k costs over 15k a year.
I'd say low 20s (that's what they pay grad students at Rutgers these days). That is pretty basic, but it's enough to get by and manage some kind of (budget conscious) social life.
If you have more than that, I'd suggest spending a little more on rent.
Wages of containers haulers from NJ ports fell to 28,000 or lower and they keep on trucking. Scary. NJ hosts healthy illegal population, they somehow manage to survive even without speaking English. If you've bought whole wheat flat breads baked in NJ (and distributed nationally), you shall now that nobody but management & technical personnel speaks English at that bakery
If you live in Vineland, Bridgeton or Millville, it's going to cost a lot less than if you live in Bergen County. There is a wide range of COL depending on what area of the state you choose to live in.
It depends if you live in s. jersey, or a county more closer to New york. Its like two different worlds. South jersey is a lot more like pennsylvania than middlesex, morris or bergen counties.
I would say at least 35,000.00
Weekly take home after taxes would be 523.71 (claiming single zero) subtract 40.00 for med/dental/401K you get 483.71 per week.
You have $2096.00 per month for expenses.
It really depends -- for example, maxing out your 401k costs over 15k a year.
I'd say low 20s (that's what they pay grad students at Rutgers these days). That is pretty basic, but it's enough to get by and manage some kind of (budget conscious) social life.
If you have more than that, I'd suggest spending a little more on rent.
That is true. But lets say you pay the minimum 401K - i think its 2%.
If one earns 30K per annum - i think its a little bit stretched.
Can one live at 50K per annum given the assumptions i mentioned above earlier? (rent cost, taxes, deductions, etc)
Its just amazing or frustrating that 1/3 of the monthly pay gets cut before you even know it.
It depends if you live in s. jersey, or a county more closer to New york. Its like two different worlds. South jersey is a lot more like pennsylvania than middlesex, morris or bergen counties.
ughhh, I'm SICK of hearing that comparison. Let's stop comparing parts of out state to other states, or else there will be no NJ left.
Back on topic. I'd say mid 20's. You could probably afford a decent trailer, a small used car, and maybe afford to go out every once in a blue moon.
It depends if you live in s. jersey, or a county more closer to New york. Its like two different worlds. South jersey is a lot more like pennsylvania than middlesex, morris or bergen counties.
what about living within the exchange place? How much do you think one should be be earning to survive?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
