Elizabeth, NJ Cost of Living (2024): How Expensive Is It?

What Salary Do You Need to Live Comfortably in Elizabeth, NJ in 2024?

Overall, on average, a gross annual salary of $67,423 is required for an average quality of life in Elizabeth, NJ.

Is the Cost of Living High in Elizabeth, NJ?

Elizabeth, NJ is ranked 236th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the expensive cities in which to live in the U.S. Elizabeth, NJ's average monthly rent is 15% lower than the U.S. average cost of rent.

Is $50,000 a Good Salary in Elizabeth, NJ in 2024?

A gross annual salary of $50,000 in Elizabeth, NJ will yield an average annual net salary of $44,582. Considering that the total average annual cost of living in Elizabeth, NJ is $50,310, a gross annual salary of $50,000 will be insufficient to cover average living costs.

How Much Should You Pay for Rent in Elizabeth, NJ?

The average monthly rent in Elizabeth, NJ in the city center is $1,606 for a 1 bedroom apartment, $1,906 for a 2 bedroom apartment and $2,306 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,401 for a 1 bedroom apartment, $1,709 for a 2 bedroom apartment and $2,101 for a 3 bedroom apartment.