Discretionary Income in Edison, NJ in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Edison, NJ is ranked 262nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Edison, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,466
Discretionary Income
$2,321
With a gross annual salary of $100,000 in Edison, NJ, you would need to deduct approximately $1,547 per month for taxes. Given that the average cost of living in Edison is $4,466, you would have around $2,321 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Edison, NJ, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Edison, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Edison, NJ |
|---|---|
| $30,000 | -$2,143 |
| $40,000 | -$1,434 |
| $50,000 | -$751 |
| $60,000 | -$79 |
| $70,000 | $521 |
| $80,000 | $1,121 |
| $90,000 | $1,721 |
| $100,000 | $2,321 |
| $110,000 | $2,919 |
| $120,000 | $3,503 |
| $130,000 | $4,086 |
| $140,000 | $4,669 |
| $150,000 | $5,253 |
| $175,000 | $6,711 |
| $200,000 | $8,142 |
| $250,000 | $10,713 |
| $300,000 | $13,172 |
| $350,000 | $15,630 |
| $400,000 | $18,088 |
| $450,000 | $20,547 |
| $500,000 | $23,005 |
Discretionary Income in Edison, NJ in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Edison, NJ is ranked 262nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Edison, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$3,016
Discretionary Income
$3,771
With a gross annual salary of $100,000 in Edison, NJ, a single person would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Edison is $3,016, singles would have around $3,771 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Edison, NJ, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Edison, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Edison, NJ |
|---|---|
| $30,000 | -$692 |
| $40,000 | $16 |
| $50,000 | $700 |
| $60,000 | $1,371 |
| $70,000 | $1,971 |
| $80,000 | $2,571 |
| $90,000 | $3,171 |
| $100,000 | $3,771 |
| $110,000 | $4,370 |
| $120,000 | $4,953 |
| $130,000 | $5,536 |
| $140,000 | $6,120 |
| $150,000 | $6,703 |
| $175,000 | $8,161 |
| $200,000 | $9,593 |
| $250,000 | $12,164 |
| $300,000 | $14,622 |
| $350,000 | $17,080 |
| $400,000 | $19,539 |
| $450,000 | $21,997 |
| $500,000 | $24,455 |
Discretionary Income in Edison, NJ in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Edison, NJ is ranked 266th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Edison, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,510
Discretionary Income
$2,277
With a gross annual salary of $100,000 in Edison, NJ, a couple would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Edison is $4,510, couples would have around $2,277 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Edison, NJ, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Edison, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Edison, NJ |
|---|---|
| $30,000 | -$2,187 |
| $40,000 | -$1,478 |
| $50,000 | -$795 |
| $60,000 | -$123 |
| $70,000 | $477 |
| $80,000 | $1,077 |
| $90,000 | $1,677 |
| $100,000 | $2,277 |
| $110,000 | $2,875 |
| $120,000 | $3,459 |
| $130,000 | $4,042 |
| $140,000 | $4,625 |
| $150,000 | $5,209 |
| $175,000 | $6,667 |
| $200,000 | $8,098 |
| $250,000 | $10,669 |
| $300,000 | $13,128 |
| $350,000 | $15,586 |
| $400,000 | $17,979 |
| $450,000 | $20,354 |
| $500,000 | $22,729 |
Discretionary Income in Edison, NJ in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Edison, NJ is ranked 261st out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Edison, NJ
Gross Salary
$8,333
Taxes
$1,285
Cost of Living
$4,344
Discretionary Income
$2,704
With a gross annual salary of $100,000 in Edison, NJ, a single parent would need to deduct approximately $1,285 per month for taxes. Considering the average cost of living in Edison is $4,344, single parents would have around $2,704 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Edison, NJ, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Edison, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Edison, NJ |
|---|---|
| $30,000 | -$1,954 |
| $40,000 | -$1,235 |
| $50,000 | -$552 |
| $60,000 | $132 |
| $70,000 | $815 |
| $80,000 | $1,498 |
| $90,000 | $2,104 |
| $100,000 | $2,704 |
| $110,000 | $3,304 |
| $120,000 | $3,897 |
| $130,000 | $4,481 |
| $140,000 | $5,064 |
| $150,000 | $5,647 |
| $175,000 | $7,106 |
| $200,000 | $8,564 |
| $250,000 | $11,167 |
| $300,000 | $13,630 |
| $350,000 | $16,089 |
| $400,000 | $18,547 |
| $450,000 | $21,005 |
| $500,000 | $23,464 |
Discretionary Income in Edison, NJ in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Edison, NJ is ranked 258th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Edison, NJ
Gross Salary
$8,333
Taxes
$920
Cost of Living
$5,995
Discretionary Income
$1,419
With a gross annual salary of $100,000 in Edison, NJ, a family would need to deduct approximately $920 per month for taxes. Considering the average cost of living in Edison is $5,995, families would have around $1,419 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Edison, NJ, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Edison, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Edison, NJ |
|---|---|
| $30,000 | -$3,547 |
| $40,000 | -$2,814 |
| $50,000 | -$2,081 |
| $60,000 | -$1,364 |
| $70,000 | -$648 |
| $80,000 | $52 |
| $90,000 | $736 |
| $100,000 | $1,419 |
| $110,000 | $2,102 |
| $120,000 | $2,762 |
| $130,000 | $3,362 |
| $140,000 | $3,962 |
| $150,000 | $4,562 |
| $175,000 | $6,062 |
| $200,000 | $7,562 |
| $250,000 | $10,509 |
| $300,000 | $13,426 |
| $350,000 | $16,343 |
| $400,000 | $19,205 |
| $450,000 | $21,789 |
| $500,000 | $24,348 |