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 $17.38 $37.26 $49.12 $65.16 $27.33 $34.12 $38.87 $43.26 $13.18 $20.62 $26.62 $32.60
Poverty Wage $6.53 $8.80 $11.07 $13.34 $8.80 $11.07 $13.34 $15.61 $4.40 $5.54 $6.67 $7.81
Minimum Wage $14.13 $14.13 $14.13 $14.13 $14.13 $14.13 $14.13 $14.13 $14.13 $14.13 $14.13 $14.13

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 $4,559 $6,729 $10,111 $13,402 $8,359 $10,413 $13,429 $16,341 $8,359 $10,413 $13,429 $16,341
Child Care $0 $12,120 $24,240 $36,360 $0 $0 $0 $0 $0 $12,120 $24,240 $36,360
Medical $3,238 $8,134 $8,144 $8,070 $6,635 $8,144 $8,070 $8,223 $6,635 $8,144 $8,070 $8,223
Housing $11,676 $17,580 $17,580 $21,792 $13,356 $17,580 $17,580 $21,792 $11,676 $17,580 $17,580 $21,792
Transportation $4,470 $8,040 $9,831 $11,821 $8,040 $9,831 $11,821 $12,675 $8,040 $9,831 $11,821 $12,675
Civic $2,882 $5,725 $6,394 $8,719 $5,725 $6,394 $8,719 $6,933 $5,725 $6,394 $8,719 $6,933
Other $4,339 $7,570 $8,932 $9,804 $7,570 $8,932 $9,804 $10,966 $7,570 $8,932 $9,804 $10,966
Required annual income after taxes $31,296 $66,030 $85,364 $110,099 $49,816 $61,426 $69,554 $77,061 $48,136 $73,546 $93,794 $113,421
Annual taxes $4,848 $11,475 $16,812 $25,434 $7,033 $9,535 $11,293 $12,914 $6,674 $12,213 $16,947 $22,200
Required annual income before taxes $36,143 $77,506 $102,176 $135,533 $56,849 $70,961 $80,847 $89,975 $54,810 $85,760 $110,741 $135,621

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $108,997
Business & Financial Operations $77,751
Computer & Mathematical $81,885
Architecture & Engineering $82,525
Life, Physical, & Social Science $76,825
Community & Social Service $64,300
Legal $86,692
Education, Training, & Library $67,398
Arts, Design, Entertainment, Sports, & Media $47,563
Healthcare Practitioners & Technical $85,325
Healthcare Support $35,469
Protective Service $55,865
Food Preparation & Serving Related $31,257
Building & Grounds Cleaning & Maintenance $32,007
Personal Care & Service $31,599
Sales & Related $31,974
Office & Administrative Support $41,235
Farming, Fishing, & Forestry $30,805
Construction & Extraction $53,286
Installation, Maintenance, & Repair $51,422
Production $40,452
Transportation & Material Moving $33,297