Looking for the national Minimum Wage? Minimum Wage Calculator Calculator.
New Jersey Minimum Wage Calculator — BLS OEWS Wages · 2026
New Jersey (NJ) · State tax: 10.75% · Property tax: 2.47% · Median home (ZHVI): $520,000
As of · Sources: Zillow ZHVI, Tax Foundation, Census ACS, Freddie Mac PMMS
New Jersey's minimum wage and cost of living index of 108.9 determine the real purchasing power of minimum wage workers. The 10.75% state income tax further reduces take-home pay for minimum wage earners. Housing costs — with a median home price of $520,000 — are a major factor in whether minimum wage provides a livable income.
New Jersey Financial Snapshot (2026) — Minimum Wage Calculator
Minimum wage, median HH income, and COL adjust take-home for the minimum wage calculator in New Jersey. Every row cites a primary public dataset. Numbers reflect the most recent vintage available; refresh cadence is documented in the methodology.
How the Minimum Wage Calculator Math Works Under New Jersey Law
A New Jersey salary calculation starts with the BLS Occupational Employment and Wage Statistics (OEWS) table for your occupation at the state level, then layers on New Jersey's payroll stack: federal income tax (brackets published by IRS), FICA (7.65%), and state income tax at a top marginal 10.75%[1][2].
The formula: take_home = gross − federal_tax − state_tax − FICA − other. "Other" covers 401(k) deferral, HSA, FSA, pre-tax benefits. The calculator below runs this client-side — no inputs leave your browser.
Calc-specific note: New Jersey's floor applies when higher than federal $7.25; tipped workers have a separate state-set floor.
Worked example — New Jersey
New Jersey minimum wage × 40hrs × 52 weeks × (1 − FICA + state tax) gives the annual take-home. Add tipped-worker differential where applicable. Compare against New Jersey cost-of-living to gauge real purchasing power.
Local context: New Jersey
Housing economics in New Jersey. The median home value runs 45.3% above the U.S. baseline for New Jersey is $520,000 per Zillow's home-value index. Effective property tax sits at 2.47% of assessed value, meaningfully higher than the 0.99% national average tracked by the Tax Foundation. Lenders in New Jersey have quoted 6.30% on the 30-year fixed product over the trailing four-week window per Freddie Mac PMMS — the prevailing posted rate before any borrower-specific lock-ins.
Income and tax climate. Median household income in New Jersey reaches $103,500 per the ACS five-year vintage, pulling above the $78,538 U.S. median. New Jersey's top marginal state income tax bracket lands at 10.75% — compared to the volume-weighted national average around 4-5%. BEA's Regional Price Parity scores New Jersey at 108.9 (national = 100), meaning a dollar in New Jersey buys 92¢ of national purchasing power.
How New Jersey affects take-home pay. Federal FICA, Medicare, and income tax are identical for every wage earner regardless of state. New Jersey's contribution is the state income tax overlay plus any state-level disability or paid-family-leave deductions. Where applicable, the calculator factors in the local minimum wage when an hourly-to-salary conversion is involved, and uses BLS OEWS median earnings for New Jersey as the contextual baseline shown alongside your inputs.
Local context as of 2026-06-04. Live data sources are listed in the Sources section below; each metric carries its own retrieval date.
New Jersey versus the U.S. baseline
How does New Jersey stack up against the national average on the metrics that drive the calculators on this page? The table below pairs the New Jersey-specific reading against the U.S. baseline so you can see at a glance whether your local scenario runs above or below typical. Three to five percentage points of difference on most of these inputs translates into meaningful changes in calculator output — for example, a 50-basis-point difference in mortgage rate moves the monthly payment on a $400,000 30-year loan by roughly $130.
| Metric | New Jersey | U.S. baseline | Difference |
|---|---|---|---|
| Median home value[zillow] | $520,000 | $358,000 | 45.3% |
| Property tax rate[tax-foundation] | 2.47% | 0.99% | 149.5% |
| Top marginal income tax[tax-foundation] | 10.75% | ~4.08% (volume-weighted) | 6.7 pp |
| Cost-of-living index (RPP)[bea-rpp] | 108.9 | 100.0 | 8.9 pts |
| Avg homeowners insurance[naic] | $1,200/yr | $1,754/yr | -31.6% |
How to use the Minimum Wage Calculator
Walk through using the Minimum Wage Calculator with New Jersey-specific defaults pre-loaded from primary sources.
- Pre-fill with local dataEach calculator on this page loads with state- or city-specific defaults pulled live from primary sources (FRED, BLS, Zillow, Freddie Mac PMMS, IRS, BEA). The blue values shown next to each input are the local averages so you can see how your scenario compares to the typical case before changing anything.
- Override the inputs you controlChange any field to model your actual situation. The math reruns in your browser the moment you change a value — no signup, no API call, no data transmission. Hover over the small (i) icon next to each label to see the formula that field feeds and where the default came from.
- Read the derived valuesThe result panel shows the primary calculation (monthly payment, take-home pay, savings projection, etc.) plus the intermediate values that drive it. Each line item is labeled with the formula component it represents so you can verify the arithmetic against any agency publication, textbook, or competing calculator.
- Adjust assumptions and re-runMost calculators have a section for assumption inputs that are easy to overlook — annual raises, expected return, inflation, vacancy rate, depreciation schedule, marginal vs. effective tax treatment. The defaults are conservative; aggressive scenarios usually require explicit overrides.
- Save to "My Numbers"When the inputs match your reality, click Save to "My Numbers". The values persist to your device's local storage (IndexedDB) and reload automatically on your next visit. Nothing is transmitted to any CalcFi server — the saved-state feature is deliberately client-side only for privacy.
- Compare scenarios side by sideMost calculators offer a comparison view that shows two or more scenarios side by side. Use this to model decision points: 15-year vs 30-year mortgage, Roth vs Traditional IRA, salary vs hourly, lease vs buy. The comparison view also produces a shareable summary you can download as PNG or PDF.
New Jersey Minimum Wage: $15.49/hour
Effective 2025-01-01 · Tipped-worker rate $5.62/hour · $8.24 above federal floor[1]
| Measure | New Jersey | Federal | Difference |
|---|---|---|---|
| Hourly rate | $15.49 | $7.25 | +$8.24 |
| Annualized (40 hr/wk · 52 wk) | $32,219 | $15,080 | +$17,139 |
| Tipped worker rate | $5.62 | $2.13 | +$3.49 |
Worked Examples: Minimum Wage Calculator in New Jersey Cities
Same formula, different inputs. Each city name links to its own pSEO page where the calculator is pre-filled with local medians.
| City | Median home | Median rent | HUD FMR 2BR | Median income |
|---|---|---|---|---|
| Newark, NJ | $395,000 | $1,800/mo | $1,650/mo | $37,200 |
| Jersey City, NJ | $580,000 | $2,622/mo | $2,400/mo | $74,200 |
| Trenton, NJ | $439,747 | $2,540/mo | $2,325/mo | $96,333 |
| Elizabeth, NJ | $425,000 | $1,650/mo | $1,525/mo | $48,500 |
| Atlantic City, NJ | $376,753 | $2,213/mo | $2,025/mo | $80,600 |
Sources: Zillow ZHVI + ZORI[1], HUD FMR[2], Census ACS[3], Freddie Mac PMMS[4].
How New Jersey Compares to Neighboring States
Moving one state over changes the minimum wage numbers. Compare median home value (Zillow ZHVI), top marginal income tax rate, effective property tax rate, and the BEA all-items Regional Price Parity across New Jersey and its border states.
| State | Median home | Top inc tax | Prop tax rate | RPP (US=100) |
|---|---|---|---|---|
| New Jersey (this page) | $520,000 | 10.75% | 2.47% | 108.9 |
| check Delaware | $350,000 | 6.60% | 0.58% | 98.8 |
| New York equivalent | $470,000 | 10.90% | 1.72% | 107.8 |
| Pennsylvania equivalent | $265,000 | 3.07% | 1.49% | 97.4 |
Sources: Zillow ZHVI[1], state Departments of Revenue / Tax Foundation[2], Tax Foundation property taxes[3], BEA Regional Price Parities[4].
What Changes Your Result in New Jersey
- New Jersey cost-of-living drag:Line-item costs in New Jersey deviate from the US mean by whatever the BEA all-items RPP deviates from 100. Weight your budget toward the state average rather than the national average.
Related Calculations for New Jersey
These calculators share inputs with the minimum wage formula, so pair them to pressure-test your answer from multiple angles.
- salary to hourly costs in New Jersey — minimum wage is the floor on the hourly rate.
How New Jersey Compares
| Metric | New Jersey | National Avg | CT | DE | NY |
|---|---|---|---|---|---|
| Median Home Price | $520,000 | $420,000 | $305,000 | $375,000 | $385,000 |
| Property Tax Rate | 2.47% | 1.07% | 2.14% | 0.57% | 1.72% |
| State Income Tax | 10.75% | 4.6%* | 4.5% | 6.6% | 6.85% |
| Avg Insurance Cost | $1,200/yr | $1,544/yr | $1,680/yr | $1,440/yr | $1,440/yr |
| Cost of Living Index | 108.9 | 100 | 117 | 103 | 117 |
| Household Income — p25 | $50,000 | $41,401 | $52,753 | $44,000 | $40,021 |
| Household Income — p50 (median) | $103,621 | $83,592 | $99,900 | $85,640 | $86,768 |
| Household Income — p75 | $196,239 | $153,000 | $183,921 | $141,160 | $168,882 |
*Average of states that levy an income tax. 2026 estimates. New Jersey has both a state estate tax AND an inheritance tax — one of very few states with both.[3] Income percentiles from DQYDJ/Census CPS 2024[4].
New Jersey Financial Planning Tips
Per BLS OEWS 2025, Minimum Wage Workers in New Jersey earn between $30,420 (p25) and $35,440 (p75), with a median (p50) of $32,219. The national median is $15,080 — New Jersey is 114% above the national figure. Adjusting for New Jersey's 109 regional price parity index, the COL-equivalent purchasing power is $29,575.
New Jersey's cost-of-living index (109) sits 9 points above the national baseline of 100, meaning nominal wages overstate true purchasing power here. When comparing job offers across states, RPP adjustment can shift rankings by multiple positions.
Frequently Asked Questions: Minimum Wage Calculator in New Jersey
How does the minimum wage work in New Jersey?
- The minimum wage calculator runs the standard client-side formula and layers on New Jersey's 10.75% state income tax, 2.47% property tax rate, and cost-of-living index of 108.9. All inputs stay in your browser.
What's the median Minimum Wage Workers salary in New Jersey?
- BLS OEWS reports a p50 wage of $32,219 for Minimum Wage Workers in New Jersey, with p25 $30,420 and p75 $35,440.
What's the real purchasing power of this New Jersey salary?
- A $32,219 salary here has the purchasing power of $29,575 in the average US city.
How does the New Jersey Minimum Wage Workers median compare to the national median?
- The Minimum Wage Workers median in New Jersey is $32,219, 114% above the national median of $15,080 (BLS OEWS 2025). Adjusted for New Jersey's 109 cost-of-living index, the real purchasing-power equivalent is $29,575.
How much take-home pay remains after New Jersey state tax?
- New Jersey's top marginal is 10.75%; effective on median income usually lands near 7.5%.
What's the unemployment rate in New Jersey?
- New Jersey unemployment sits at 5.2% (above the 4.1% national rate).
Why are New Jersey property taxes the highest in the U.S.?
- NJ relies heavily on property taxes to fund local schools and government. The state has 565 municipalities each setting their own rates, and school districts are primarily property-tax funded.
Does NJ have both estate and inheritance taxes?
- Yes. NJ is one of very few states with both. The estate tax exemption is ~$2M, and the inheritance tax applies to transfers to non-immediate family (siblings, nieces/nephews pay 11-16%).
What is the ANCHOR program?
- ANCHOR (Affordable NJ Communities for Homeowners and Renters) provides annual property tax relief of $750-$1,500 for homeowners and $450 for renters meeting income requirements.
Is the minimum wage free to use for New Jersey residents?
- Yes — the Minimum Wage Calculator is 100% free, with no signup required. All New Jersey-specific numbers (median home price $520,000, property tax 2.47%, 10.75% state income tax) are prefilled from public datasets. Calculations run in your browser; no data is sent to our servers.
Where does the New Jersey data on this page come from?
- Data is sourced from the U.S. Census Bureau (ACS), the Tax Foundation, BLS OEWS wage tables, Zillow ZHVI for home values, and Freddie Mac PMMS for mortgage rates. Each number is timestamped and refreshed via our hourly ETL.
How often is the New Jersey minimum wage updated?
- Source data is re-pulled on an hourly cadence for live series (mortgage rates) and on each new vintage release for ACS / Tax Foundation tables. Page caches revalidate every 24 hours via Next.js ISR.
Can I export results from the New Jersey minimum wage?
- Yes — every calculator supports CSV / PDF export from the result panel. No account required. Saves stay in your browser; nothing is uploaded.
Does the minimum wage replace tax or financial advice?
- No. The Minimum Wage Calculator provides educational estimates using public data and standard formulas. It is not personalized tax, legal, or investment advice. For decisions with material consequences, consult a licensed professional.
More Calculators
← Back to Minimum Wage CalculatorRelated Calculators for New Jersey
Calculate for Neighboring States
New Jersey Financial Data (2026)
- State Income Tax
- 10.75%
- Property Tax Rate
- 2.47%
- Median Home Price
- $520,000
- Annual Property Tax (median home)
- $12,844
- Avg Homeowners Insurance
- $1,200/year
- Cost of Living Index
- 108.9 (100 = avg)
- State Estate Tax
- Yes
- State Abbreviation
- NJ
Compare New Jersey with other states
Every number on this page reads from the same CalcFi data repository used by the Live Data pages below — the figures stay consistent.
Home Prices by State
Zillow ZHVI across all 50 states
Property Tax by State
Effective rate × ZHVI = annual bill
Household Income by State
FRED real median + percentile bands
Cost of Living by State
BEA RPP all-items + housing
No-Income-Tax States
Full list + trade-offs
Current Interest Rates
Treasury curve + PMMS + FDIC
How we compute this — methodology
CalcFi pSEO pages combine three inputs: (1) the calculator formula itself, which runs client-side so no inputs leave your browser; (2) state-level financial constants from primary public datasets; and (3) national benchmarks for comparison. The New Jersey page uses the property tax rate (2.47%), median home price ($520,000), and 10.75% state income tax from the sources listed below.
Refresh cadence:state tax brackets and minimum wage rates are reviewed annually after each state's legislative session. Property tax, median home price, insurance, and cost-of-living figures are reviewed annually against the primary sources. Income percentiles are refreshed when the Census CPS/IPUMS releases update (typically September). Page-level dateModified matches the last editorial review date, shown above.
Known limits: statewide averages mask large intra-state variance — county-level property tax and metro-level home prices differ significantly from the figures shown. For the most precise calculations, cross-check the output against your actual county assessor and the latest federal/state tax tables at filing time.
More Cities in New Jersey
Use Minimum Wage Calculator for any city in New Jersey.
Related Calculators & States
Same Calculator, Other States
Related Calculators for New Jersey
National reference: Minimum Wage Calculator Calculator
Sources
Every number on this page cites a primary public dataset. Last reviewed (auto-bumped by the next ISR refresh after an ETL run).
- U.S. Department of Labor, Wage and Hour Division — State Minimum Wage Laws. dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-05-21.
- Tax Foundation — State Individual Income Tax Rates and Brackets. taxfoundation.org/data/all/state/state-income-tax-rates-2025. Retrieved 2026-05-21.
- Composite state financial context (median home price, property tax effective rate, cost of living index) cross-referenced against the primary sources below.
- Census Current Population Survey / IPUMS CPS (income year 2024) via DQYDJ state tools. dqydj.com. Retrieved 2026-05-21.
- U.S. Department of Labor — State Minimum Wage Laws — www.dol.gov/agencies/whd/minimum-wage/state. Retrieved 2026-05-21.
- BLS Occupational Employment and Wage Statistics (OEWS) — state-level occupational wages — www.bls.gov/oes. Retrieved 2026-05-21.
- Bureau of Economic Analysis — Regional Price Parities by State — www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area. Retrieved 2026-05-21.
- Internal Revenue Service — federal individual income tax brackets and standard deductions — www.irs.gov/forms-pubs/about-publication-17. Retrieved 2026-05-21.
- State Departments of Revenue — official bracket + deduction publications (one primary URL per state; linked in the brackets table below) — taxfoundation.org/data/all/state/state-income-tax-rates. Retrieved 2026-05-21.
- U.S. Census Bureau — American Community Survey (ACS) 5-year estimates — www.census.gov/programs-surveys/acs. Retrieved 2026-05-21.
- Zillow Research — ZHVI (Zillow Home Value Index) + ZORI (Zillow Observed Rent Index) — www.zillow.com/research/data. Retrieved 2026-05-21.
- Freddie Mac Primary Mortgage Market Survey (PMMS) — weekly national mortgage rates — www.freddiemac.com/pmms. Retrieved 2026-05-21.
- Tax Foundation — Property Taxes Paid as % of Owner-Occupied Housing Value; State Tax Rates and Brackets; Estate/Inheritance; Social Security Taxation — taxfoundation.org/data/all/state. Retrieved 2026-05-21.
- NAIC Dwelling Fire, Homeowners Owners, and Homeowners Tenants Insurance Report — content.naic.org/article/homeowners-insurance-report. Retrieved 2026-05-21.
- FRED (Federal Reserve Economic Data) — real median household income, unemployment, HPI, LFPR per state — fred.stlouisfed.org. Retrieved 2026-05-21.
- HUD Fair Market Rents — 50th-percentile 2-bedroom FY — www.huduser.gov/portal/datasets/fmr.html. Retrieved 2026-05-21.
CalcFi does not sell data. If you spot an error, email hello@calcfi.app with the URL and the correct figure.