Salary Needed to Live in Jersey City as a Retiree
A retired individual (65+) needs approximately $28,334/year to live comfortably in Jersey City, NJ — including 5% savings.
Comfortable Salary
$28,334
with 5% savings
Bare Minimum
$26,367
no savings buffer
Monthly Expenses
$1,582
29% above national avg
Detailed Monthly Budget for a Retiree in Jersey City
| Expense | Jersey City | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $198 | $121 | +64% |
| 🛒 Groceries | $22 | $16 | +38% |
| ⚡ Utilities | $20 | $15 | +33% |
| 🚗 Transportation | $25 | $18 | +39% |
| 🛡️ Car Insurance | $211 | $229 | -8% |
| 🏥 Health Insurance | $66 | $58 | +14% |
| Medicare Supplement | $270 | $200 | +35% |
| Prescription Drugs | $203 | $150 | +35% |
| Internet + Phone | $162 | $120 | +35% |
| Recreation & Social | $270 | $200 | +35% |
| Home Maintenance | $135 | $100 | +35% |
| Total Monthly | $1,582 | $1,227 | +29% |
How We Calculated the Salary
Monthly expenses:$1,582
Target savings (5%):$89/mo
Monthly after-tax needed:$1,671
Effective tax rate:28%
Gross annual salary needed:$28,334
Other Household Types in Jersey City
Related Pages
FAQ
What salary does a retiree need in Jersey City?
A retiree needs approximately $28,334/year ($2,361/month gross) to live comfortably in Jersey City with a 5% savings rate.
How much is rent for a retiree in Jersey City?
A 1-2br senior-friendly in Jersey City costs approximately $198/month, which is the largest single expense at 13% of the total budget.
Is Jersey City affordable for a retiree?
Jersey City is above the national average for retiree living costs, requiring 29% more salary than the US median.