Discretionary Income in Lakewood, 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
Lakewood, NJ is ranked 225th 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 Lakewood, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,086
Discretionary Income
$2,701
With a gross annual salary of $100,000 in Lakewood, NJ, you would need to deduct approximately $1,547 per month for taxes. Given that the average cost of living in Lakewood is $4,086, you would have around $2,701 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakewood, NJ, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Lakewood, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakewood, NJ |
|---|---|
| $30,000 | -$1,762 |
| $40,000 | -$1,054 |
| $50,000 | -$371 |
| $60,000 | $301 |
| $70,000 | $901 |
| $80,000 | $1,501 |
| $90,000 | $2,101 |
| $100,000 | $2,701 |
| $110,000 | $3,300 |
| $120,000 | $3,883 |
| $130,000 | $4,466 |
| $140,000 | $5,050 |
| $150,000 | $5,633 |
| $175,000 | $7,091 |
| $200,000 | $8,523 |
| $250,000 | $11,094 |
| $300,000 | $13,552 |
| $350,000 | $16,010 |
| $400,000 | $18,469 |
| $450,000 | $20,927 |
| $500,000 | $23,385 |
Discretionary Income in Lakewood, 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
Lakewood, NJ is ranked 225th 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 Lakewood, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$2,741
Discretionary Income
$4,046
With a gross annual salary of $100,000 in Lakewood, NJ, a single person would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Lakewood is $2,741, singles would have around $4,046 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakewood, NJ, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Lakewood, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakewood, NJ |
|---|---|
| $30,000 | -$417 |
| $40,000 | $291 |
| $50,000 | $975 |
| $60,000 | $1,646 |
| $70,000 | $2,246 |
| $80,000 | $2,846 |
| $90,000 | $3,446 |
| $100,000 | $4,046 |
| $110,000 | $4,645 |
| $120,000 | $5,228 |
| $130,000 | $5,811 |
| $140,000 | $6,395 |
| $150,000 | $6,978 |
| $175,000 | $8,436 |
| $200,000 | $9,868 |
| $250,000 | $12,439 |
| $300,000 | $14,897 |
| $350,000 | $17,355 |
| $400,000 | $19,814 |
| $450,000 | $22,272 |
| $500,000 | $24,730 |
Discretionary Income in Lakewood, 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
Lakewood, NJ is ranked 223rd 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 Lakewood, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,056
Discretionary Income
$2,730
With a gross annual salary of $100,000 in Lakewood, NJ, a couple would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Lakewood is $4,056, couples would have around $2,730 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakewood, NJ, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Lakewood, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakewood, NJ |
|---|---|
| $30,000 | -$1,733 |
| $40,000 | -$1,024 |
| $50,000 | -$341 |
| $60,000 | $330 |
| $70,000 | $930 |
| $80,000 | $1,530 |
| $90,000 | $2,130 |
| $100,000 | $2,730 |
| $110,000 | $3,329 |
| $120,000 | $3,912 |
| $130,000 | $4,496 |
| $140,000 | $5,079 |
| $150,000 | $5,662 |
| $175,000 | $7,121 |
| $200,000 | $8,552 |
| $250,000 | $11,123 |
| $300,000 | $13,581 |
| $350,000 | $16,040 |
| $400,000 | $18,433 |
| $450,000 | $20,808 |
| $500,000 | $23,183 |
Discretionary Income in Lakewood, 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
Lakewood, NJ is ranked 230th 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 Lakewood, NJ
Gross Salary
$8,333
Taxes
$1,285
Cost of Living
$3,999
Discretionary Income
$3,049
With a gross annual salary of $100,000 in Lakewood, NJ, a single parent would need to deduct approximately $1,285 per month for taxes. Considering the average cost of living in Lakewood is $3,999, single parents would have around $3,049 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakewood, NJ, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Lakewood, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakewood, NJ |
|---|---|
| $30,000 | -$1,609 |
| $40,000 | -$890 |
| $50,000 | -$206 |
| $60,000 | $477 |
| $70,000 | $1,160 |
| $80,000 | $1,844 |
| $90,000 | $2,449 |
| $100,000 | $3,049 |
| $110,000 | $3,649 |
| $120,000 | $4,243 |
| $130,000 | $4,826 |
| $140,000 | $5,409 |
| $150,000 | $5,993 |
| $175,000 | $7,451 |
| $200,000 | $8,909 |
| $250,000 | $11,512 |
| $300,000 | $13,975 |
| $350,000 | $16,434 |
| $400,000 | $18,892 |
| $450,000 | $21,350 |
| $500,000 | $23,809 |
Discretionary Income in Lakewood, 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
Lakewood, NJ is ranked 215th 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 Lakewood, NJ
Gross Salary
$8,333
Taxes
$920
Cost of Living
$5,547
Discretionary Income
$1,867
With a gross annual salary of $100,000 in Lakewood, NJ, a family would need to deduct approximately $920 per month for taxes. Considering the average cost of living in Lakewood is $5,547, families would have around $1,867 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Lakewood, NJ, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Lakewood, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Lakewood, NJ |
|---|---|
| $30,000 | -$3,100 |
| $40,000 | -$2,366 |
| $50,000 | -$1,633 |
| $60,000 | -$917 |
| $70,000 | -$200 |
| $80,000 | $500 |
| $90,000 | $1,183 |
| $100,000 | $1,867 |
| $110,000 | $2,550 |
| $120,000 | $3,210 |
| $130,000 | $3,810 |
| $140,000 | $4,410 |
| $150,000 | $5,010 |
| $175,000 | $6,510 |
| $200,000 | $8,010 |
| $250,000 | $10,957 |
| $300,000 | $13,874 |
| $350,000 | $16,790 |
| $400,000 | $19,653 |
| $450,000 | $22,236 |
| $500,000 | $24,795 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.