Salary & Cost of Living in Edison, NJ
Edison, NJ: $85,000 median salary, cost of living index 125, $15.49/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$85,000
$41/hr
Cost of Living
125
US avg = 100
Minimum Wage
$15.49
per hour
Unemployment
2.5%
rate
Edison, NJ Overview
Population
107,588
Median Salary
$85,000
Average Salary
$93,000
Avg Commute
32 min
Median Home Price
$480,000
Median Rent
$1,900/mo
Job Growth
+2%
Sales Tax
6.63%
Edison is located in New Jersey with a population of 107,588. The median household salary is $85,000 per year ($41/hour), which is $25,616 above the national median of $59,384. The average commute time is 32 minutes, and the city has a job growth rate of +2%.
Edison Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Edison, NJ, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$63,483
$5,290.25/month · $2,441.65/biweekly · Effective Rate: 25.3%
Gross Pay
$85,000
Federal Tax
-$10,314
State Tax
-$4,701
Local Tax
$0
FICA
-$6,503
Net Pay
$63,483
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $7,083.33 | $85,000.00 |
| Federal Income Tax | -$859.50 | -$10,314.00 |
| New Jersey State Tax (5.53%) | -$391.71 | -$4,700.50 |
| Social Security (6.2%) | -$439.17 | -$5,270.00 |
| Medicare (1.45%) | -$102.71 | -$1,232.50 |
| Net Take-Home Pay | $5,290.25 | $63,483.00 |
Salary Comparison: Edison vs Other Cities
See how Edison's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Edison, NJ | $85,000 | 125 | $68,000 |
| National Average | $59,384 | 100 | $59,384 |
| Sandy Springs, GA | $85,000 | 112 | $75,893 |
| Boston, MA | $85,000 | 152 | $55,921 |
| New York, NY | $85,000 | 187 | $45,455 |
| Franklin, TN | $85,000 | 115 | $73,913 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Edison
Edison's cost of living index is 125 (national average = 100). Living in Edison is 25% more expensive than the national average.
Median Home Price
$480,000
Median Monthly Rent
$1,900
Annual Rent Cost
$22,800
Your Salary's Purchasing Power
Your $63,483 annual take-home pay in Edison has the purchasing power of approximately $50,786 in an average-cost US area. You would need to earn $106,250 in Edison to match a $85,000 salary in an average-cost city.
Top Industries in Edison
Edison's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $85,000.
Salary Tips for Edison Workers
- Negotiate for cost of living. Edison has a cost of living 25% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 5.53% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Edison's top industries include Technology, Pharmaceuticals, Healthcare. Targeting roles in these sectors can help you earn above the $85,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Edison, NJ?
The median salary in Edison, NJ is $85,000 per year, or $41 per hour. The average salary is $93,000. This is $25,616 above the national median of $59,384.
What is the cost of living in Edison, NJ?
Edison's cost of living index is 125 (national average = 100), meaning it is 25% more expensive compared to the national average. The median home price is $480,000 and the median monthly rent is $1,900.
What are the best industries in Edison?
The top industries in Edison, NJ include Technology, Pharmaceuticals, Healthcare. The city has a job growth rate of 2% and an unemployment rate of 2.5%. Workers in these industries often earn above the city's median salary of $85,000.
How does Edison's salary compare to other cities?
Edison's median salary of $85,000 is 43.1% above the national median of $59,384. However, when adjusted for cost of living (index: 125), the real purchasing power is approximately $68,000.
What is the minimum wage in Edison, NJ?
The minimum wage in Edison, NJ is $15.49 per hour. This equals approximately $32,219 per year for a full-time worker (40 hours/week). This is $8.24 above the federal minimum wage of $7.25/hour.