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This question is about Jersey City, NJ.
What is a good salary in Jersey City, NJ?
A good salary in Jersey City, NJ is anything over $60,000. That's because the median income in Jersey City is $60,000, which means if you earn more than that you're earning more than 50% of the people living in Jersey City. The average salary in Jersey City is $70,302.
A good hourly wage in Jersey City is $28.85 per hour. That works out to a good weekly wage of $1,153 per week and a good monthly wage of $5,000 per month. However, using the median income is only one way to calculate a good salary in Jersey City.
Another way to calculate a good salary in Jersey City 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 $373,700, a good salary in Jersey City would be $74,740.
Lastly, we can determine a good salary in Jersey City by looking at the cost of living and comparing it to the US average salary. The cost of living in Jersey City is 39% higher than than the national average. The national average salary is $56,310, so a good salary in Jersey City is anything over $78,834 by this measure.
Average Annual Salary in Jersey City, NJ
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $30,000 | $2,500 | $576 | $14.42 |
| 25th | $42,000 | $3,500 | $807 | $20.19 |
| Median | $60,000 | $5,000 | $1,153 | $28.85 |
| 75th | $87,000 | $7,250 | $1,673 | $41.83 |
| 90th | $120,000 | $10,000 | $2,307 | $57.69 |
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