Salary Needed to Live in Elizabeth as a Single
A single adult living independently needs approximately $23,710/year to live comfortably in Elizabeth, NJ — including 10% savings.
Comfortable Salary
$23,710
with 10% savings
Bare Minimum
$20,417
no savings buffer
Monthly Expenses
$1,225
11% above national avg
Detailed Monthly Budget for a Single in Elizabeth
| Expense | Elizabeth | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $159 | $113 | +41% |
| 🛒 Groceries | $23 | $17 | +35% |
| ⚡ Utilities | $15 | $14 | +7% |
| 🚗 Transportation | $29 | $26 | +12% |
| 🛡️ Car Insurance | $211 | $229 | -8% |
| 🏥 Health Insurance | $53 | $58 | -9% |
| Internet | $74 | $65 | +14% |
| Phone | $97 | $85 | +14% |
| Dining & Social | $342 | $300 | +14% |
| Entertainment | $137 | $120 | +14% |
| Personal Care | $85 | $75 | +13% |
| Total Monthly | $1,225 | $1,102 | +11% |
How We Calculated the Salary
Monthly expenses:$1,225
Target savings (10%):$158/mo
Monthly after-tax needed:$1,383
Effective tax rate:28%
Gross annual salary needed:$23,710
Other Household Types in Elizabeth
Related Pages
FAQ
What salary does a single person need in Elizabeth?
A single person needs approximately $23,710/year ($1,976/month gross) to live comfortably in Elizabeth with a 10% savings rate.
How much is rent for a single person in Elizabeth?
A studio/1br in Elizabeth costs approximately $159/month, which is the largest single expense at 13% of the total budget.
Is Elizabeth affordable for a single person?
Elizabeth is above the national average for single person living costs, requiring 11% more salary than the US median.