Salary Needed to Live in Elizabeth as a Family
A family of four (2 adults, 2 children) needs approximately $70,568/year to live comfortably in Elizabeth, NJ — including 15% savings.
Comfortable Salary
$70,568
with 15% savings
Bare Minimum
$55,867
no savings buffer
Monthly Expenses
$3,352
14% above national avg
Detailed Monthly Budget for a Family in Elizabeth
| Expense | Elizabeth | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $295 | $209 | +41% |
| 🛒 Groceries | $59 | $44 | +34% |
| ⚡ Utilities | $30 | $28 | +7% |
| 🚗 Transportation | $48 | $44 | +9% |
| 🛡️ Car Insurance | $211 | $229 | -8% |
| 🏥 Health Insurance | $53 | $58 | -9% |
| Childcare/After-school | $1,368 | $1,200 | +14% |
| Internet + Phones | $205 | $180 | +14% |
| Children Activities | $285 | $250 | +14% |
| Dining Out | $399 | $350 | +14% |
| School Supplies & Clothing | $228 | $200 | +14% |
| Healthcare Co-pays | $171 | $150 | +14% |
| Total Monthly | $3,352 | $2,942 | +14% |
How We Calculated the Salary
Monthly expenses:$3,352
Target savings (15%):$747/mo
Monthly after-tax needed:$4,099
Effective tax rate:28%
Gross annual salary needed:$70,568
Other Household Types in Elizabeth
Related Pages
FAQ
What salary does a family with kids need in Elizabeth?
A family with kids needs approximately $70,568/year ($5,881/month gross) to live comfortably in Elizabeth with a 15% savings rate.
How much is rent for a family with kids in Elizabeth?
A 3br apartment/house in Elizabeth costs approximately $295/month, which is the largest single expense at 9% of the total budget.
Is Elizabeth affordable for a family with kids?
Elizabeth is above the national average for family with kids living costs, requiring 14% more salary than the US median.