Discretionary Income in Elizabeth, 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
Elizabeth, NJ is ranked 237th 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 Elizabeth, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,192
Discretionary Income
$2,594
With a gross annual salary of $100,000 in Elizabeth, NJ, you would need to deduct approximately $1,547 per month for taxes. Given that the average cost of living in Elizabeth is $4,192, you would have around $2,594 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Elizabeth, NJ, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Elizabeth, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Elizabeth, NJ |
|---|---|
| $30,000 | -$1,869 |
| $40,000 | -$1,161 |
| $50,000 | -$477 |
| $60,000 | $194 |
| $70,000 | $794 |
| $80,000 | $1,394 |
| $90,000 | $1,994 |
| $100,000 | $2,594 |
| $110,000 | $3,193 |
| $120,000 | $3,776 |
| $130,000 | $4,360 |
| $140,000 | $4,943 |
| $150,000 | $5,526 |
| $175,000 | $6,985 |
| $200,000 | $8,416 |
| $250,000 | $10,987 |
| $300,000 | $13,445 |
| $350,000 | $15,904 |
| $400,000 | $18,362 |
| $450,000 | $20,820 |
| $500,000 | $23,279 |
Discretionary Income in Elizabeth, 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
Elizabeth, NJ is ranked 241st 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 Elizabeth, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$2,844
Discretionary Income
$3,943
With a gross annual salary of $100,000 in Elizabeth, NJ, a single person would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Elizabeth is $2,844, singles would have around $3,943 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Elizabeth, NJ, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Elizabeth, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Elizabeth, NJ |
|---|---|
| $30,000 | -$520 |
| $40,000 | $188 |
| $50,000 | $871 |
| $60,000 | $1,543 |
| $70,000 | $2,143 |
| $80,000 | $2,743 |
| $90,000 | $3,343 |
| $100,000 | $3,943 |
| $110,000 | $4,541 |
| $120,000 | $5,125 |
| $130,000 | $5,708 |
| $140,000 | $6,291 |
| $150,000 | $6,875 |
| $175,000 | $8,333 |
| $200,000 | $9,764 |
| $250,000 | $12,335 |
| $300,000 | $14,794 |
| $350,000 | $17,252 |
| $400,000 | $19,710 |
| $450,000 | $22,169 |
| $500,000 | $24,627 |
Discretionary Income in Elizabeth, 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
Elizabeth, NJ is ranked 245th 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 Elizabeth, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,227
Discretionary Income
$2,559
With a gross annual salary of $100,000 in Elizabeth, NJ, a couple would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Elizabeth is $4,227, couples would have around $2,559 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Elizabeth, NJ, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Elizabeth, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Elizabeth, NJ |
|---|---|
| $30,000 | -$1,904 |
| $40,000 | -$1,195 |
| $50,000 | -$512 |
| $60,000 | $159 |
| $70,000 | $759 |
| $80,000 | $1,359 |
| $90,000 | $1,959 |
| $100,000 | $2,559 |
| $110,000 | $3,158 |
| $120,000 | $3,741 |
| $130,000 | $4,325 |
| $140,000 | $4,908 |
| $150,000 | $5,491 |
| $175,000 | $6,950 |
| $200,000 | $8,381 |
| $250,000 | $10,952 |
| $300,000 | $13,411 |
| $350,000 | $15,869 |
| $400,000 | $18,262 |
| $450,000 | $20,637 |
| $500,000 | $23,012 |
Discretionary Income in Elizabeth, 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
Elizabeth, NJ is ranked 236th 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 Elizabeth, NJ
Gross Salary
$8,333
Taxes
$1,285
Cost of Living
$4,035
Discretionary Income
$3,013
With a gross annual salary of $100,000 in Elizabeth, NJ, a single parent would need to deduct approximately $1,285 per month for taxes. Considering the average cost of living in Elizabeth is $4,035, single parents would have around $3,013 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Elizabeth, NJ, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Elizabeth, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Elizabeth, NJ |
|---|---|
| $30,000 | -$1,645 |
| $40,000 | -$926 |
| $50,000 | -$243 |
| $60,000 | $440 |
| $70,000 | $1,124 |
| $80,000 | $1,807 |
| $90,000 | $2,413 |
| $100,000 | $3,013 |
| $110,000 | $3,613 |
| $120,000 | $4,206 |
| $130,000 | $4,789 |
| $140,000 | $5,373 |
| $150,000 | $5,956 |
| $175,000 | $7,414 |
| $200,000 | $8,873 |
| $250,000 | $11,475 |
| $300,000 | $13,939 |
| $350,000 | $16,397 |
| $400,000 | $18,856 |
| $450,000 | $21,314 |
| $500,000 | $23,772 |
Discretionary Income in Elizabeth, 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
Elizabeth, NJ is ranked 224th 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 Elizabeth, NJ
Gross Salary
$8,333
Taxes
$920
Cost of Living
$5,663
Discretionary Income
$1,750
With a gross annual salary of $100,000 in Elizabeth, NJ, a family would need to deduct approximately $920 per month for taxes. Considering the average cost of living in Elizabeth is $5,663, families would have around $1,750 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Elizabeth, NJ, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Elizabeth, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Elizabeth, NJ |
|---|---|
| $30,000 | -$3,216 |
| $40,000 | -$2,482 |
| $50,000 | -$1,750 |
| $60,000 | -$1,033 |
| $70,000 | -$316 |
| $80,000 | $384 |
| $90,000 | $1,067 |
| $100,000 | $1,750 |
| $110,000 | $2,434 |
| $120,000 | $3,093 |
| $130,000 | $3,693 |
| $140,000 | $4,293 |
| $150,000 | $4,893 |
| $175,000 | $6,393 |
| $200,000 | $7,893 |
| $250,000 | $10,841 |
| $300,000 | $13,757 |
| $350,000 | $16,674 |
| $400,000 | $19,537 |
| $450,000 | $22,120 |
| $500,000 | $24,679 |