how much money do you need to live comfortably in new jersey?
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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. Here's how the group breaks down that number: Housing: $1,560 per month. Food: $870 per month.
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New Jersey is going to be more expensive than average because most of the state is suburbs of New York City or Philadelphia but much of the state is quite affordable. I suggest comparing rent and housing prices in New Jersey to those in suburbs of other equally large metropolitan areas.
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A family of 4 or 5 might need $110k-$130k to live a little above average. To live in the nicer areas of San Diego (Downtown, La Jolla, North PB, and northern coastal communities) you're looking at an income of around $170k and above to live without worrying about your rent/mortgage and bills.
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A family of two adults and two children in the New York City metro area would need to earn an average combined income of $124,129 per year — or $10,344 a month — to live comfortably. In Manhattan, a family needs to earn $139,791, or $11,649 a month.
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A family of two adults and two children in the New York City metro area would need to earn an average combined income of $124,129 per year — or $10,344 a month — to live comfortably. Here's how the group breaks down that number: Housing: $1,789 per month.
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You Need About $143,000 to Live Comfortably in Washington, DC. To live comfortably in U.S. capital, you'll need to earn around $143,200 if you're paying a mortgage and $122,900 if you're renting. That's an increase of 50.8% and 30.4%, respectively, since 2016. And it's not just rent that's increased.
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You'll need a staggering six-figure income to live comfortably in Los Angeles: at least $136,207 if you're paying rent or $150,391 if you own a house. The salary needed to live comfortably in Los Angeles has risen by more than $25,000 in the past year, due to rising annual costs of transportation and utilities.
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The organization's family budget calculator estimates how costly it is to live in each of America's 3,142 counties and 611 metro areas. The group estimates a family of two adults and two children in the Nassau/Suffolk metro area would need to earn a combined $139,545 per year — or $11,629 a month — to live comfortably.
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The group estimates a family of two adults and two children in Denver County would need to earn a combined $92,426 per year — or $7,702 a month — to live comfortably. Screenshot of Economic Policy Institute's 2018 family expenses calculator in Denver.
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A family of two adults and two children in the New York City metro area would need to earn an average combined income of $124,129 per year — or $10,344 a month — to live comfortably. Here's how the group breaks down that number: Housing: $1,789 per month. Food: $908 per month.
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Based on these numbers, I would say "comfortable" is if you bring in approx $50k a year after tax. Tax is relatively high, so you will want a salary of approx $80 - $110k a year. You can definitely get by on a lot less though. I would guess an absolute minimum in your situation would be $30k after tax.
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All in all, you can expect to live comfortably on a budget of $1,800 each month. However, you could potentially cut your costs even more. Beyond just living frugally, living in a more remote area will save you money. Greece has hundreds of sparsely inhabited islands with small towns.
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Otherwise, 130k is solidly middle-to-upper middle class in NYC and if your rent/mortgage is the 2k range p/mo, you can enjoy a good life in the city. its easy to live on that salary anywhere in this world... there are people surviving on $17,000/year in NYC.
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Factoring in food, transportation, utilities and recreation, you can live reasonably in Jamaica on a monthly budget of between $600 and $700.
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In any case, a family of four could live comfortably on a little more than $4,000 a month or approximately $48,000 per year. This would include all expenses such as mortgage and car payments, school feeds, food, utilities, and miscellaneous. Again, this varies for each family, though.
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No. $165,000 household income in NJ would be considered upper class. Upper class by income is defined as earning at least double the median income , which in NJ is $80,088 in 2017 .
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GoBankingRates determined the "living wage" necessary to live comfortably in each US state. Some states, like New York, require an annual income of $95,724 to live comfortably. But the living wage for other states, like Mississippi, can be as low as $58,321. Visit Business Insider's homepage for more stories.