Financial Profile: New Jersey
Financial landscape, tax rates, cost of living, and median income scoring for New Jersey residents.
New Jersey at a Glance
Avg Salary
$72,000
Cost of Living
115
Top Tax Rate
10.8%
Adjusted Income
$62,608
Monthly Take-Home
$4,256
Max Rent (30%)
$1,800
Financial Genome at Median Income
Scores calculated for someone earning $72,000/yr in New Jersey with typical expenses.
PPI
48
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in New Jersey: Financial Overview
New Jersey has graduated rates from 1.4% to 10.75%, with high rates for top earners.
- High tax rates for high earners
- NYC metro access
- High property taxes
Major Cities
Newark, Jersey City, Paterson, Trenton
With a cost of living index of 115 (above the national average of 100), expenses are higher in New Jersey. A $60,000 salary here has the purchasing power equivalent of only $52,173 in an average-cost area.
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See your personalized Financial Genome scores based on your actual income and expenses in New Jersey.
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