$113,000 To Live Comfortably In NJ? We Do It For Less.
The reports are in, and unless you make $113,000 per year in New Jersey, you aren't going to live a comfortable lifestyle. Once again, experts are trying to squeeze everyone into a single category, and that's just not how life works.
Do You Really Need To Make Over 6 Figures To Live In New Jersey?
I don't want to overshare, but I can tell you that my wife and I don't make that much per year, and not only are we able to afford a mortgage in Jersey, but we can still go out for dinner a few times a month and snag seasonal beach badges each summer at Ortley Beach.
It all comes down to where you live and how you manage your money.
In the case of my wife and me, we outright own our vehicles (that's not a brag; they're pretty old cars), and my student loans are pretty low, all things considered, so we're able to make life in Jersey work with the budget we have.
If You're Single, You Need To Make $113,000 To Live Comfortably In NJ
According to Patch, this number is more important if you're single and living in Jersey. $113,000 is the golden number in order to not only survive, but to thrive.
How Much Do Basic Necessities Cost In NJ?
In New Jersey, the bare minimum you need to make just to cover your basics, on average, is somewhere in the area of $54,000 a year. That would cover your housing costs and your bills (utilities, phone, cable/internet, car, etc.), and that's about it.
It's All About Location When You're Budgeting In New Jersey
Another big variable for this $ 113,000-a-year number is location. If you're living in North Jersey, closer to New York City, your rent is going to be insanely more expensive than if you were to rent in Vineland.
