Living Wage Calculation for Ocean City, NJ

The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted.

The state minimum wage is the same for all individuals, regardless of how many dependents they may have. Data are updated annually, in the first quarter of the new year. State minimum wages are determined based on the posted value of the minimum wage as of January one of the coming year (National Conference of State Legislatures, 2019). The poverty rate reflects a person's 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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Living Wage $17.72 $37.93 $48.00 $63.78 $28.11 $34.25 $40.57 $44.22 $13.44 $20.69 $27.06 $32.27
Poverty Wage $6.19 $8.38 $10.56 $12.74 $8.38 $10.56 $12.74 $14.92 $4.19 $5.28 $6.37 $7.46
Minimum Wage $13.00 $13.00 $13.00 $13.00 $13.00 $13.00 $13.00 $13.00 $13.00 $13.00 $13.00 $13.00

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.

1 ADULT 2 ADULTS

(1 WORKING)

2 ADULTS

(BOTH WORKING)

0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children 0 Children 1 Child 2 Children 3 Children
Food $3,891 $5,734 $8,613 $11,425 $7,133 $8,878 $11,446 $13,934 $7,133 $8,878 $11,446 $13,934
Child Care $0 $11,223 $22,446 $33,669 $0 $0 $0 $0 $0 $11,223 $22,446 $33,669
Medical $2,916 $8,896 $8,683 $8,992 $6,443 $8,683 $8,992 $8,781 $6,443 $8,683 $8,992 $8,781
Housing $10,776 $16,332 $16,332 $21,156 $12,828 $16,332 $16,332 $21,156 $10,776 $16,332 $16,332 $21,156
Transportation $4,244 $7,531 $9,791 $11,565 $7,531 $9,791 $11,565 $12,560 $7,531 $9,791 $11,565 $12,560
Civic $3,207 $5,149 $6,361 $8,307 $5,149 $6,361 $8,307 $6,603 $5,149 $6,361 $8,307 $6,603
Other $5,275 $7,867 $7,197 $10,471 $7,867 $7,197 $10,471 $10,128 $7,867 $7,197 $10,471 $10,128
Required annual income after taxes $30,432 $62,855 $79,546 $105,708 $47,075 $57,365 $67,236 $73,285 $45,023 $68,588 $89,682 $106,954
Annual taxes $6,433 $16,029 $20,286 $26,958 $11,385 $13,874 $17,146 $18,689 $10,889 $17,491 $22,871 $27,276
Required annual income before taxes $36,865 $78,884 $99,832 $132,665 $58,460 $71,239 $84,382 $91,975 $55,912 $86,079 $112,552 $134,230

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $114,083
Business & Financial Operations $76,601
Computer & Mathematical $84,637
Architecture & Engineering $81,737
Life, Physical, & Social Science $70,695
Community & Social Service $57,620
Legal $0
Education, Training, & Library $51,446
Arts, Design, Entertainment, Sports, & Media $53,521
Healthcare Practitioners & Technical $80,903
Healthcare Support $36,915
Protective Service $56,368
Food Preparation & Serving Related $28,130
Building & Grounds Cleaning & Maintenance $32,271
Personal Care & Service $31,950
Sales & Related $31,576
Office & Administrative Support $40,286
Farming, Fishing, & Forestry $0
Construction & Extraction $51,713
Installation, Maintenance, & Repair $50,729
Production $41,944
Transportation & Material Moving $32,838