Discretionary Income in Newark, 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
Newark, NJ is ranked 274th 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 Newark, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,664
Discretionary Income
$2,123
With a gross annual salary of $100,000 in Newark, NJ, you would need to deduct approximately $1,547 per month for taxes. Given that the average cost of living in Newark is $4,664, you would have around $2,123 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Newark, NJ, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Newark, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Newark, NJ |
|---|---|
| $30,000 | -$2,340 |
| $40,000 | -$1,632 |
| $50,000 | -$949 |
| $60,000 | -$277 |
| $70,000 | $323 |
| $80,000 | $923 |
| $90,000 | $1,523 |
| $100,000 | $2,123 |
| $110,000 | $2,721 |
| $120,000 | $3,305 |
| $130,000 | $3,888 |
| $140,000 | $4,471 |
| $150,000 | $5,055 |
| $175,000 | $6,513 |
| $200,000 | $7,944 |
| $250,000 | $10,515 |
| $300,000 | $12,974 |
| $350,000 | $15,432 |
| $400,000 | $17,890 |
| $450,000 | $20,349 |
| $500,000 | $22,807 |
Discretionary Income in Newark, 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
Newark, NJ is ranked 269th 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 Newark, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$3,067
Discretionary Income
$3,720
With a gross annual salary of $100,000 in Newark, NJ, a single person would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Newark is $3,067, singles would have around $3,720 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Newark, NJ, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Newark, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Newark, NJ |
|---|---|
| $30,000 | -$744 |
| $40,000 | -$35 |
| $50,000 | $648 |
| $60,000 | $1,320 |
| $70,000 | $1,920 |
| $80,000 | $2,520 |
| $90,000 | $3,120 |
| $100,000 | $3,720 |
| $110,000 | $4,318 |
| $120,000 | $4,902 |
| $130,000 | $5,485 |
| $140,000 | $6,068 |
| $150,000 | $6,652 |
| $175,000 | $8,110 |
| $200,000 | $9,541 |
| $250,000 | $12,112 |
| $300,000 | $14,571 |
| $350,000 | $17,029 |
| $400,000 | $19,487 |
| $450,000 | $21,946 |
| $500,000 | $24,404 |
Discretionary Income in Newark, 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
Newark, NJ is ranked 275th 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 Newark, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,646
Discretionary Income
$2,141
With a gross annual salary of $100,000 in Newark, NJ, a couple would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Newark is $4,646, couples would have around $2,141 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Newark, NJ, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Newark, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Newark, NJ |
|---|---|
| $30,000 | -$2,322 |
| $40,000 | -$1,614 |
| $50,000 | -$930 |
| $60,000 | -$259 |
| $70,000 | $341 |
| $80,000 | $941 |
| $90,000 | $1,541 |
| $100,000 | $2,141 |
| $110,000 | $2,740 |
| $120,000 | $3,323 |
| $130,000 | $3,906 |
| $140,000 | $4,490 |
| $150,000 | $5,073 |
| $175,000 | $6,531 |
| $200,000 | $7,963 |
| $250,000 | $10,534 |
| $300,000 | $12,992 |
| $350,000 | $15,451 |
| $400,000 | $17,843 |
| $450,000 | $20,218 |
| $500,000 | $22,593 |
Discretionary Income in Newark, 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
Newark, NJ is ranked 271st 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 Newark, NJ
Gross Salary
$8,333
Taxes
$1,285
Cost of Living
$4,475
Discretionary Income
$2,573
With a gross annual salary of $100,000 in Newark, NJ, a single parent would need to deduct approximately $1,285 per month for taxes. Considering the average cost of living in Newark is $4,475, single parents would have around $2,573 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Newark, NJ, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Newark, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Newark, NJ |
|---|---|
| $30,000 | -$2,085 |
| $40,000 | -$1,366 |
| $50,000 | -$682 |
| $60,000 | $1 |
| $70,000 | $684 |
| $80,000 | $1,368 |
| $90,000 | $1,973 |
| $100,000 | $2,573 |
| $110,000 | $3,173 |
| $120,000 | $3,767 |
| $130,000 | $4,350 |
| $140,000 | $4,933 |
| $150,000 | $5,517 |
| $175,000 | $6,975 |
| $200,000 | $8,433 |
| $250,000 | $11,036 |
| $300,000 | $13,500 |
| $350,000 | $15,958 |
| $400,000 | $18,416 |
| $450,000 | $20,875 |
| $500,000 | $23,333 |
Discretionary Income in Newark, 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
Newark, NJ is ranked 282nd 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 Newark, NJ
Gross Salary
$8,333
Taxes
$920
Cost of Living
$6,469
Discretionary Income
$945
With a gross annual salary of $100,000 in Newark, NJ, a family would need to deduct approximately $920 per month for taxes. Considering the average cost of living in Newark is $6,469, families would have around $945 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Newark, NJ, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Newark, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Newark, NJ |
|---|---|
| $30,000 | -$4,021 |
| $40,000 | -$3,288 |
| $50,000 | -$2,555 |
| $60,000 | -$1,838 |
| $70,000 | -$1,122 |
| $80,000 | -$422 |
| $90,000 | $262 |
| $100,000 | $945 |
| $110,000 | $1,628 |
| $120,000 | $2,288 |
| $130,000 | $2,888 |
| $140,000 | $3,488 |
| $150,000 | $4,088 |
| $175,000 | $5,588 |
| $200,000 | $7,088 |
| $250,000 | $10,035 |
| $300,000 | $12,952 |
| $350,000 | $15,869 |
| $400,000 | $18,731 |
| $450,000 | $21,315 |
| $500,000 | $23,874 |
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.