Average Salary in New Jersey

State of United States · Data verified 2025-01-01

Minimum wage

$15.92 /hr

Average salary $5,400 /mo

+ 120% vs United States national rate #8 of 56 state Since 2026-01-01

With a population of 9.5 million, New Jersey is a state of United States whose economy centers on pharmaceuticals and financial services. Its minimum wage of $15.92 per hour is 120% above the national rate. Workers earn an average gross salary of $5,400 per month. The cost of living is 9% above the national average. The median household income is $97,126 per year.

• AT A GLANCE

Rank: #8 of 56; state
vs National: +120%; United States floor
Annual (est.): $33,114; full-time, before tax
Change Since 2019: +59%; nominal wage

• SECTOR RATES

Small employers (6 or fewer employees)

$13.73 /hr

Since 2025-01-01

Small businesses with 6 or fewer employees are on a separate, lower schedule.

Agricultural workers

$13.73 /hr

Since 2025-01-01

Agricultural workers are on the small employer schedule.

Wage Breakdown

Hourly: $15.92
Monthly: $2,759.41 Based on 173.33 hours/month (40 hrs/week)
Annual: $33,113.60 Based on 2,080 hours/year

2026 rate of $15.92/hr effective January 1 (CPI-indexed annual adjustment from $15.49). Agricultural rate is $14.20. Tipped wage $6.05. Different rates apply to seasonal/small employers.

At this rate, a full-time worker earns approximately $33,114 /yr before tax. Whether that covers living costs depends on local prices. See United States purchasing power context.