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 $12.32 $27.67 $33.23 $41.93 $20.26 $25.24 $27.87 $32.37 $9.38 $15.21 $18.00 $21.73
Poverty Wage $6.00 $8.13 $10.25 $12.38 $8.13 $10.25 $12.38 $14.50 $4.06 $5.13 $6.19 $7.25
Minimum Wage $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00

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 $3,495 $5,163 $7,760 $10,292 $6,408 $7,987 $10,303 $12,545 $6,408 $7,987 $10,303 $12,545
Child Care $0 $9,009 $14,147 $19,286 $0 $0 $0 $0 $0 $9,009 $14,147 $19,286
Medical $2,613 $8,255 $7,967 $8,088 $5,574 $7,967 $8,088 $7,989 $5,574 $7,967 $8,088 $7,989
Housing $9,264 $14,424 $14,424 $19,608 $11,976 $14,424 $14,424 $19,608 $9,264 $14,424 $14,424 $19,608
Transportation $3,899 $7,602 $9,644 $10,506 $7,602 $9,644 $10,506 $11,013 $7,602 $9,644 $10,506 $11,013
Other $2,890 $4,818 $5,003 $6,293 $4,818 $5,003 $6,293 $6,296 $4,818 $5,003 $6,293 $6,296
Required annual income after taxes $22,163 $49,271 $58,945 $74,073 $36,378 $45,024 $49,614 $57,451 $33,666 $54,033 $63,761 $76,737
Annual taxes $3,464 $8,293 $10,176 $13,134 $5,754 $7,465 $8,359 $9,877 $5,375 $9,220 $11,114 $13,675
Required annual income before taxes $25,627 $57,564 $69,121 $87,206 $42,131 $52,490 $57,973 $67,327 $39,041 $63,253 $74,875 $90,411

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $103,620
Business & Financial Operations $68,857
Computer & Mathematical $78,036
Architecture & Engineering $70,697
Life, Physical, & Social Science $61,792
Community & Social Service $56,893
Legal $58,123
Education, Training, & Library $55,602
Arts, Design, Entertainment, Sports, & Media $40,619
Healthcare Practitioners & Technical $73,187
Healthcare Support $31,491
Protective Service $45,386
Food Preparation & Serving Related $25,493
Building & Grounds Cleaning & Maintenance $28,309
Personal Care & Service $29,529
Sales & Related $26,063
Office & Administrative Support $34,703
Farming, Fishing, & Forestry $0
Construction & Extraction $48,608
Installation, Maintenance, & Repair $45,203
Production $43,028
Transportation & Material Moving $31,308