Here's how much you need to earn in N.J. to afford a 2-bedroom …

Jun 16, 2018 · The average cost of rent in New Jersey is $1,465 -- the seventh most expensive in the nation -- and residents would need to earn $28.17 an hour to afford it. The current …

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Here's How Much You Need To Earn In N.J. To Afford A 2-bedroom …

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Jun 16, 2018 · The average cost of rent in New Jersey is $1,465 -- the seventh most expensive in the nation -- and residents would need to earn $28.17 an hour to afford it. The current …

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Here’s What You Need To Make An Hour To Afford An Apartment

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Jul 2, 2019 · The study says Hunterdon County (where a family would need to make at least $69,840 to afford a two-bedroom apartment at the “fair market rate”), Middlesex and Somerset …

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The Salary You Need To Afford To Rent A 2-Bedroom In Every State

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Based on these numbers, the average minimum salary needed to rent a two-bedroom in the U.S. is $54,480 a year. In one state, you can pull it off if you make just over $35,000 a year.

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Can I Afford To Live In NJ? - NCESC - Employment Security …

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May 20, 2024 · 2. How much do I need to earn to afford a “modest” one-bedroom apartment in NJ? Affording a “modest” one-bedroom apartment in New Jersey, which costs $1,344 per …

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The Average Cost Of Living In New Jersey In 2025 - Movingist

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Jan 20, 2024 · But what is the cost of living in New Jersey? Well, keeping things short, here’s your quick answer to that: The cost of living in NJ is 12% higher than the national average. Overall, …

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NJ Minimum Living Wage By County - Asbury Park Press

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Jul 5, 2024 · For an adult with a child, that threshold goes up to $90,800. Here's how much you need to make a year to afford basic needs in each New Jersey county: Need a break?

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The Salary You Need To Afford To Rent A 2-Bedroom In Every State

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Jan 29, 2025 · For perspective, the average cost to rent a two-bedroom apartment in the U.S. is $16,344 a year. Based on these numbers, the average minimum salary needed to rent a two …

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Here’s How Much NJ Residents Need To Earn To Afford A Home

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Apr 7, 2024 · Home values are near record highs, and if you want a house, you have little choice but to pay a high price,” Ostrowski said. In New Jersey, residents need to make $152,186 …

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You Need To Make $100K+ To Afford Median Home In These 10 N.J …

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Jan 6, 2023 · Prospective home buyers need to have incomes of at least $100,000 — and as high as $171,000 — to afford a median-priced home in 10 New Jersey counties in the last quarter …

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Do You Make Enough To Buy A Home In New Jersey? - Asbury Park …

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Apr 12, 2024 · The following figures are for January 2024. How much money you need to make to afford a median-priced home? New Jersey: $152,186 New York: $148,286 Connecticut: …

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How Much Do New Jersey Residents Need To Make?

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In New Jersey, residents need to make $152,186 annually to afford the state's median-priced home of $495,600. This is a 45% increase from 2020, when the annual income needed to …

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How To Earn Thousands Letting Stars Film In Your House - And What …

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23 hours ago · Welcome to the Money blog as the Bank of England announces a cut in the base rate from 4.75% to 4.5%. You can submit a question for a live Q&A which starts at 4.30pm.

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FAQs about Here's how much you need to earn in N.J. to afford a 2-bedroom … Coupon?

Is it cheaper to rent in New Jersey?

So while renting in New Jersey is cheaper than a handful of spots, it still requires more money than most make. In a state where the minimum wage is $8.44 an hour and the average person makes $17.86 per hour, a New Jersey worker needs to be paid $27.31 an hour to reasonably afford a two-bedroom apartment. ...

How much do you need to afford a two-bedroom house?

The first and most obvious conclusion from our map is that every single state requires more than the federal minimum wage to afford a typical two-bedroom. Even at the very bottom of the spectrum, in Puerto Rico, you would need to make $9.68 per hour. At the opposite end, someone in Hawaii would need to bring home an incredible $35.20. ...

How much does it cost to live in a one-bedroom apartment?

To live in a one-bedroom apartment, you need to make $46,619 per year on average. Minimum-wager earners in New Jersey would have to work a whopping 106 hours per week to afford a modest one-bedroom apartment at the fair market rent of $1,165 per month. ...

How much does a house cost in New Jersey?

In the last year, the average value of a home for a single-family increased by $100,000 in New Jersey, as per the New Jersey Realtors data. However, $418,500 was the median home price in March 2022 in New Jersey. In most cities, the costs can rise to $518,860. Which New Jersey island is the cheapest to buy a house? ...

How much does it cost to rent a two-bedroom?

According to the latest data from ApartmentList, the average cost to rent a two-bedroom in the U.S. was $1,362 a month in February (the most recent figures available). Only six states posted averages of less than $1,000. So how much money do you have to make to pull off renting a two-bedroom these days? ...

What is the minimum wage in New Jersey?

In a state where the minimum wage is $8.44 an hour and the average person makes $17.86 per hour, a New Jersey worker needs to be paid $27.31 an hour to reasonably afford a two-bedroom apartment. The report defines "afford" as spending no more than 30 percent of your gross income on rent. That translates to an annual salary of $56,810 per year. ...