Discretionary Income in Paterson, 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
Paterson, NJ is ranked 234th 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 Paterson, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,169
Discretionary Income
$2,618
With a gross annual salary of $100,000 in Paterson, NJ, you would need to deduct approximately $1,547 per month for taxes. Given that the average cost of living in Paterson is $4,169, you would have around $2,618 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Paterson, NJ, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Paterson, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Paterson, NJ |
|---|---|
| $30,000 | -$1,845 |
| $40,000 | -$1,137 |
| $50,000 | -$454 |
| $60,000 | $218 |
| $70,000 | $818 |
| $80,000 | $1,418 |
| $90,000 | $2,018 |
| $100,000 | $2,618 |
| $110,000 | $3,217 |
| $120,000 | $3,800 |
| $130,000 | $4,383 |
| $140,000 | $4,967 |
| $150,000 | $5,550 |
| $175,000 | $7,008 |
| $200,000 | $8,440 |
| $250,000 | $11,011 |
| $300,000 | $13,469 |
| $350,000 | $15,927 |
| $400,000 | $18,386 |
| $450,000 | $20,844 |
| $500,000 | $23,302 |
Discretionary Income in Paterson, 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
Paterson, NJ is ranked 231st 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 Paterson, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$2,771
Discretionary Income
$4,016
With a gross annual salary of $100,000 in Paterson, NJ, a single person would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Paterson is $2,771, singles would have around $4,016 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Paterson, NJ, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Paterson, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Paterson, NJ |
|---|---|
| $30,000 | -$447 |
| $40,000 | $261 |
| $50,000 | $944 |
| $60,000 | $1,616 |
| $70,000 | $2,216 |
| $80,000 | $2,816 |
| $90,000 | $3,416 |
| $100,000 | $4,016 |
| $110,000 | $4,615 |
| $120,000 | $5,198 |
| $130,000 | $5,781 |
| $140,000 | $6,365 |
| $150,000 | $6,948 |
| $175,000 | $8,406 |
| $200,000 | $9,838 |
| $250,000 | $12,409 |
| $300,000 | $14,867 |
| $350,000 | $17,325 |
| $400,000 | $19,784 |
| $450,000 | $22,242 |
| $500,000 | $24,700 |
Discretionary Income in Paterson, 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
Paterson, NJ is ranked 237th 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 Paterson, NJ
Gross Salary
$8,333
Taxes
$1,547
Cost of Living
$4,178
Discretionary Income
$2,608
With a gross annual salary of $100,000 in Paterson, NJ, a couple would need to deduct approximately $1,547 per month for taxes. Considering the average cost of living in Paterson is $4,178, couples would have around $2,608 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Paterson, NJ, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Paterson, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Paterson, NJ |
|---|---|
| $30,000 | -$1,855 |
| $40,000 | -$1,147 |
| $50,000 | -$463 |
| $60,000 | $208 |
| $70,000 | $808 |
| $80,000 | $1,408 |
| $90,000 | $2,008 |
| $100,000 | $2,608 |
| $110,000 | $3,207 |
| $120,000 | $3,790 |
| $130,000 | $4,374 |
| $140,000 | $4,957 |
| $150,000 | $5,540 |
| $175,000 | $6,999 |
| $200,000 | $8,430 |
| $250,000 | $11,001 |
| $300,000 | $13,459 |
| $350,000 | $15,918 |
| $400,000 | $18,311 |
| $450,000 | $20,686 |
| $500,000 | $23,061 |
Discretionary Income in Paterson, 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
Paterson, NJ is ranked 235th 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 Paterson, NJ
Gross Salary
$8,333
Taxes
$1,285
Cost of Living
$4,030
Discretionary Income
$3,018
With a gross annual salary of $100,000 in Paterson, NJ, a single parent would need to deduct approximately $1,285 per month for taxes. Considering the average cost of living in Paterson is $4,030, single parents would have around $3,018 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Paterson, NJ, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Paterson, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Paterson, NJ |
|---|---|
| $30,000 | -$1,640 |
| $40,000 | -$921 |
| $50,000 | -$238 |
| $60,000 | $446 |
| $70,000 | $1,129 |
| $80,000 | $1,812 |
| $90,000 | $2,418 |
| $100,000 | $3,018 |
| $110,000 | $3,618 |
| $120,000 | $4,211 |
| $130,000 | $4,795 |
| $140,000 | $5,378 |
| $150,000 | $5,961 |
| $175,000 | $7,420 |
| $200,000 | $8,878 |
| $250,000 | $11,481 |
| $300,000 | $13,944 |
| $350,000 | $16,403 |
| $400,000 | $18,861 |
| $450,000 | $21,319 |
| $500,000 | $23,778 |
Discretionary Income in Paterson, 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
Paterson, NJ is ranked 227th 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 Paterson, NJ
Gross Salary
$8,333
Taxes
$920
Cost of Living
$5,696
Discretionary Income
$1,718
With a gross annual salary of $100,000 in Paterson, NJ, a family would need to deduct approximately $920 per month for taxes. Considering the average cost of living in Paterson is $5,696, families would have around $1,718 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Paterson, NJ, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Paterson, NJ in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Paterson, NJ |
|---|---|
| $30,000 | -$3,248 |
| $40,000 | -$2,515 |
| $50,000 | -$1,782 |
| $60,000 | -$1,066 |
| $70,000 | -$349 |
| $80,000 | $351 |
| $90,000 | $1,034 |
| $100,000 | $1,718 |
| $110,000 | $2,401 |
| $120,000 | $3,061 |
| $130,000 | $3,661 |
| $140,000 | $4,261 |
| $150,000 | $4,861 |
| $175,000 | $6,361 |
| $200,000 | $7,861 |
| $250,000 | $10,808 |
| $300,000 | $13,725 |
| $350,000 | $16,641 |
| $400,000 | $19,504 |
| $450,000 | $22,087 |
| $500,000 | $24,646 |