Salary & Cost of Living in Montclair, NJ
Montclair, NJ: $66,480 median salary, cost of living index 119.9, $15.13/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$66,480
$32/hr
Cost of Living
119.9
US avg = 100
Minimum Wage
$15.13
per hour
Unemployment
4%
rate
Montclair, NJ Overview
Population
40,379
Median Salary
$66,480
Average Salary
$74,458
Avg Commute
18 min
Median Home Price
$394,000
Median Rent
$1,596/mo
Job Growth
+1.6%
Sales Tax
6.625%
Montclair is located in New Jersey with a population of 40,379. The median household salary is $66,480 per year ($32/hour), which is $7,096 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.6%.
Montclair Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Montclair, NJ, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$49,191
$4,099.29/month · $1,891.98/biweekly · Effective Rate: 26.0%
Gross Pay
$66,480
Federal Tax
-$6,240
State Tax
-$5,963
Local Tax
$0
FICA
-$5,086
Net Pay
$49,191
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,540.00 | $66,480.00 |
| Federal Income Tax | -$519.97 | -$6,239.60 |
| New Jersey State Tax (8.97%) | -$496.94 | -$5,963.26 |
| Social Security (6.2%) | -$343.48 | -$4,121.76 |
| Medicare (1.45%) | -$80.33 | -$963.96 |
| Net Take-Home Pay | $4,099.29 | $49,191.42 |
Salary Comparison: Montclair vs Other Cities
See how Montclair's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Montclair, NJ | $66,480 | 119.9 | $55,446 |
| National Average | $59,384 | 100 | $59,384 |
| Silver Spring, MD | $66,490 | 122.5 | $54,278 |
| Pflugerville, TX | $66,470 | 99.8 | $66,603 |
| Noblesville, IN | $66,463 | 95.2 | $69,814 |
| West Des Moines, IA | $66,461 | 97.5 | $68,165 |
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 Montclair
Montclair's cost of living index is 119.9 (national average = 100). Living in Montclair is 19.900000000000006% more expensive than the national average.
Median Home Price
$394,000
Median Monthly Rent
$1,596
Annual Rent Cost
$19,152
Your Salary's Purchasing Power
Your $49,191 annual take-home pay in Montclair has the purchasing power of approximately $41,027 in an average-cost US area. You would need to earn $79,710 in Montclair to match a $66,480 salary in an average-cost city.
Top Industries in Montclair
Montclair's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $66,480.
Salary Tips for Montclair Workers
- 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. Montclair's top industries include Pharmaceuticals, Finance, Logistics. Targeting roles in these sectors can help you earn above the $66,480 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 Montclair, NJ?
The median salary in Montclair, NJ is $66,480 per year, or $32 per hour. The average salary is $74,458. This is $7,096 above the national median of $59,384.
What is the cost of living in Montclair, NJ?
Montclair's cost of living index is 119.9 (national average = 100), meaning it is 19.900000000000006% more expensive compared to the national average. The median home price is $394,000 and the median monthly rent is $1,596.
What are the best industries in Montclair?
The top industries in Montclair, NJ include Pharmaceuticals, Finance, Logistics. The city has a job growth rate of 1.6% and an unemployment rate of 4%. Workers in these industries often earn above the city's median salary of $66,480.
How does Montclair's salary compare to other cities?
Montclair's median salary of $66,480 is 11.9% above the national median of $59,384. However, when adjusted for cost of living (index: 119.9), the real purchasing power is approximately $55,446.
What is the minimum wage in Montclair, NJ?
The minimum wage in Montclair, 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.