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 $11.97 $26.49 $31.63 $40.18 $19.52 $23.76 $26.36 $30.28 $9.06 $14.43 $17.18 $20.59
Poverty Wage $5.84 $7.91 $9.99 $12.07 $7.91 $9.99 $12.07 $14.14 $3.96 $5.00 $6.03 $7.07
Minimum Wage $8.60 $8.60 $8.60 $8.60 $8.60 $8.60 $8.60 $8.60 $8.60 $8.60 $8.60 $8.60

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 $3,477 $5,124 $7,715 $10,233 $6,374 $7,933 $10,245 $12,474 $6,374 $7,933 $10,245 $12,474
Child Care $0 $8,863 $13,918 $18,973 $0 $0 $0 $0 $0 $8,863 $13,918 $18,973
Medical $2,737 $7,949 $7,605 $7,688 $5,795 $7,605 $7,688 $7,407 $5,795 $7,605 $7,688 $7,407
Housing $8,628 $13,524 $13,524 $18,636 $11,160 $13,524 $13,524 $18,636 $8,628 $13,524 $13,524 $18,636
Transportation $3,893 $7,094 $8,341 $9,650 $7,094 $8,341 $9,650 $9,540 $7,094 $8,341 $9,650 $9,540
Other $2,785 $4,633 $5,030 $5,855 $4,633 $5,030 $5,855 $5,729 $4,633 $5,030 $5,855 $5,729
Required annual income after taxes $21,520 $47,187 $56,134 $71,034 $35,055 $42,434 $46,961 $53,786 $32,523 $51,297 $60,879 $72,759
Annual taxes $3,371 $7,912 $9,654 $12,550 $5,539 $6,986 $7,868 $9,191 $5,186 $8,712 $10,578 $12,899
Required annual income before taxes $24,891 $55,099 $65,788 $83,584 $40,595 $49,420 $54,829 $62,977 $37,710 $60,009 $71,457 $85,658

Typical Annual Salaries

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

Occupational Area Typical Annual Salary
Management $102,902
Business & Financial Operations $68,091
Computer & Mathematical $74,973
Architecture & Engineering $69,541
Life, Physical, & Social Science $61,497
Community & Social Service $56,579
Legal $69,243
Education, Training, & Library $58,020
Arts, Design, Entertainment, Sports, & Media $37,713
Healthcare Practitioners & Technical $70,560
Healthcare Support $31,520
Protective Service $45,315
Food Preparation & Serving Related $25,286
Building & Grounds Cleaning & Maintenance $27,539
Personal Care & Service $29,267
Sales & Related $25,728
Office & Administrative Support $33,670
Farming, Fishing, & Forestry $0
Construction & Extraction $47,311
Installation, Maintenance, & Repair $45,346
Production $37,569
Transportation & Material Moving $28,917