Salary Overview for New Jersey
The median individual income in New Jersey is $45,790 per year, while the mean (average) individual income is $60,010. The median household income is $97,126.
Cost of Living Adjusted Salary
New Jersey's cost of living index is 115 (national average = 100). This means the median salary of $45,790 in New Jersey has the purchasing power of approximately $39,817 at the national average cost of living. The higher cost of living in New Jersey means you need to earn more to maintain the same standard of living.
Minimum Wage in New Jersey
The current minimum wage in New Jersey is $15.49/hour, which equals approximately $32,219 per year for a full-time worker (40 hours/week, 52 weeks). See our complete New Jersey minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in New Jersey
- RWJBarnabas Health
- Johnson & Johnson
- Prudential
Major Industries in New Jersey
- Pharmaceuticals
- Finance
- Technology
Tax Rates in New Jersey
See the full tax breakdown including income tax, sales tax, property tax, and more on our New Jersey tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in New Jersey after federal and state taxes.