Salary & Cost of Living in Garfield, NJ
Garfield, NJ: $68,163 median salary, cost of living index 123.7, $15.13/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$68,163
$33/hr
Cost of Living
123.7
US avg = 100
Minimum Wage
$15.13
per hour
Unemployment
4.2%
rate
Garfield, NJ Overview
Population
32,318
Median Salary
$68,163
Average Salary
$76,343
Avg Commute
16 min
Median Home Price
$416,000
Median Rent
$1,680/mo
Job Growth
+1.4%
Sales Tax
6.625%
Garfield is located in New Jersey with a population of 32,318. The median household salary is $68,163 per year ($33/hour), which is $8,779 above the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +1.4%.
Garfield Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Garfield, NJ, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$50,224
$4,185.37/month · $1,931.71/biweekly · Effective Rate: 26.3%
Gross Pay
$68,163
Federal Tax
-$6,610
State Tax
-$6,114
Local Tax
$0
FICA
-$5,214
Net Pay
$50,224
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,680.25 | $68,163.00 |
| Federal Income Tax | -$550.82 | -$6,609.86 |
| New Jersey State Tax (8.97%) | -$509.52 | -$6,114.22 |
| Social Security (6.2%) | -$352.18 | -$4,226.11 |
| Medicare (1.45%) | -$82.36 | -$988.36 |
| Net Take-Home Pay | $4,185.37 | $50,224.45 |
Salary Comparison: Garfield vs Other Cities
See how Garfield's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Garfield, NJ | $68,163 | 123.7 | $55,103 |
| National Average | $59,384 | 100 | $59,384 |
| Shelton, CT | $68,185 | 105 | $64,938 |
| Crofton, MD | $68,241 | 117.7 | $57,979 |
| Westminster, CA | $68,304 | 154.3 | $44,267 |
| Highland, CA | $68,306 | 148.9 | $45,874 |
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 Garfield
Garfield's cost of living index is 123.7 (national average = 100). Living in Garfield is 23.700000000000003% more expensive than the national average.
Median Home Price
$416,000
Median Monthly Rent
$1,680
Annual Rent Cost
$20,160
Your Salary's Purchasing Power
Your $50,224 annual take-home pay in Garfield has the purchasing power of approximately $40,602 in an average-cost US area. You would need to earn $84,318 in Garfield to match a $68,163 salary in an average-cost city.
Top Industries in Garfield
Garfield's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $68,163.
Salary Tips for Garfield Workers
- Negotiate for cost of living. Garfield has a cost of living 23.700000000000003% 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 8.97% 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. Garfield's top industries include Pharmaceuticals, Finance, Logistics. Targeting roles in these sectors can help you earn above the $68,163 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 Garfield, NJ?
The median salary in Garfield, NJ is $68,163 per year, or $33 per hour. The average salary is $76,343. This is $8,779 above the national median of $59,384.
What is the cost of living in Garfield, NJ?
Garfield's cost of living index is 123.7 (national average = 100), meaning it is 23.700000000000003% more expensive compared to the national average. The median home price is $416,000 and the median monthly rent is $1,680.
What are the best industries in Garfield?
The top industries in Garfield, NJ include Pharmaceuticals, Finance, Logistics. The city has a job growth rate of 1.4% and an unemployment rate of 4.2%. Workers in these industries often earn above the city's median salary of $68,163.
How does Garfield's salary compare to other cities?
Garfield's median salary of $68,163 is 14.8% above the national median of $59,384. However, when adjusted for cost of living (index: 123.7), the real purchasing power is approximately $55,103.
What is the minimum wage in Garfield, NJ?
The minimum wage in Garfield, NJ is $15.13 per hour. This equals approximately $31,470 per year for a full-time worker (40 hours/week). This is $7.88 above the federal minimum wage of $7.25/hour.