Living Wage Calculation for Monmouth County, New Jersey

The living wage shown is the hourly rate that an individual must earn to support their family, if they are the sole provider and are working full-time (2080 hours per year). All values are per adult in a family unless otherwise noted. The state minimum wage is the same for all individuals, regardless of how many dependents they may have. The poverty rate is typically quoted as gross annual income. We have converted it to an hourly wage for the sake of comparison.

For further detail, please reference the technical documentation here.

Hourly Wages 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (One Working) 2 Adults (One Working) 1 Child 2 Adults (One Working) 2 Children 2 Adults (One Working) 3 Children 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Living Wage $12.46 $25.72 $29.91 $37.93 $19.43 $23.75 $26.19 $31.01 $9.72 $14.10 $16.25 $19.59
Poverty Wage $5.00 $7.00 $10.00 $11.00 $7.00 $10.00 $11.00 $13.00 $3.00 $5.00 $5.00 $6.00
Minimum Wage $8.38 $8.38 $8.38 $8.38 $8.38 $8.38 $8.38 $8.38 $8.38 $8.38 $8.38 $8.38

Typical Expenses

These figures show the individual expenses that went into the living wage estimate. Their values vary by family size, composition, and the current location.

Annual Expenses 1 Adult 1 Adult 1 Child 1 Adult 2 Children 1 Adult 3 Children 2 Adults (One Working) 2 Adults (One Working) 1 Child 2 Adults (One Working) 2 Children 2 Adults (One Working) 3 Children 2 Adults 2 Adults 1 Child 2 Adults 2 Children 2 Adults 3 Children
Food $3,497 $5,146 $7,725 $10,258 $6,411 $7,972 $10,271 $12,514 $6,411 $7,972 $10,271 $12,514
Child Care $0 $7,809 $11,063 $14,317 $0 $0 $0 $0 $0 $7,809 $11,063 $14,317
Medical $2,201 $6,039 $5,840 $5,808 $4,659 $5,840 $5,808 $5,923 $4,659 $5,840 $5,808 $5,923
Housing $11,232 $16,476 $16,476 $22,836 $13,272 $16,476 $16,476 $22,836 $13,272 $16,476 $16,476 $22,836
Transportation $3,575 $7,055 $7,994 $9,416 $7,055 $7,994 $9,416 $9,505 $7,055 $7,994 $9,416 $9,505
Other $2,146 $3,894 $4,682 $5,290 $3,894 $4,682 $5,290 $5,013 $3,894 $4,682 $5,290 $5,013
Required annual income after taxes $22,650 $46,420 $53,780 $67,926 $35,292 $42,963 $47,261 $55,791 $35,292 $50,773 $58,324 $70,108
Annual taxes $3,274 $7,068 $8,431 $10,965 $5,132 $6,428 $7,224 $8,718 $5,132 $7,874 $9,272 $11,369
Required annual income before taxes $25,925 $53,488 $62,211 $78,890 $40,423 $49,392 $54,485 $64,509 $40,423 $58,647 $67,596 $81,476

Typical Annual Salaries

These are the typical annual salaries for various professions in this location.

Occupational Area Typical Annual Salary
Management $126,030
Business & Financial Operations $73,970
Computer & Mathematical $89,160
Architecture & Engineering $83,780
Life, Physical, & Social Science $74,880
Community & Social Service $50,380
Legal $94,130
Education, Training, & Library $55,760
Arts, Design, Entertainment, Sports, & Media $51,530
Healthcare Practitioners & Technical $76,540
Healthcare Support $28,090
Protective Service $42,060
Food Preparation & Serving Related $21,480
Building & Grounds Cleaning & Maintenance $26,660
Personal Care & Service $25,310
Sales & Related $27,610
Office & Administrative Support $36,590
Farming, Fishing, & Forestry $24,550
Construction & Extraction $54,670
Installation, Maintenance, & Repair $49,780
Production $32,520
Transportation & Material Moving $29,650