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This question is about Elizabeth, NJ.
What is a good salary in Elizabeth, NJ?
A good salary in Elizabeth, NJ is anything over $34,000. That's because the median income in Elizabeth is $34,000, which means if you earn more than that you're earning more than 50% of the people living in Elizabeth. The average salary in Elizabeth is $38,279.
A good hourly wage in Elizabeth is $16.35 per hour. That works out to a good weekly wage of $653 per week and a good monthly wage of $2,833 per month. However, using the median income is only one way to calculate a good salary in Elizabeth.
Another way to calculate a good salary in Elizabeth is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $282,700, a good salary in Elizabeth would be $56,540.
Lastly, we can determine a good salary in Elizabeth by looking at the cost of living and comparing it to the US average salary. The cost of living in Elizabeth is 16% higher than than the national average. The national average salary is $56,310, so a good salary in Elizabeth is anything over $65,882 by this measure.
Average Annual Salary in Elizabeth, NJ
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $18,000 | $1,500 | $346 | $8.65 |
| 25th | $24,000 | $2,000 | $461 | $11.54 |
| Median | $34,000 | $2,833 | $653 | $16.35 |
| 75th | $47,000 | $3,916 | $903 | $22.6 |
| 90th | $63,000 | $5,250 | $1,211 | $30.29 |
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