📈 Investment & Retirement Calculators New Jersey

New Jersey Retirement Calculator

Plan your retirement in New Jersey. Factor in higher cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

New Jersey Quick Facts

10.8% Income Tax Rate

2.49% Property Tax Rate

$89,296 Median Income

115.2 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for New Jersey. New Jersey taxes retirement income at rates up to 10.75%. Cost of living index: 115.2 (100 = national avg). Desired income is pre-filled based on 80% of New Jersey's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in New Jersey: New Jersey taxes retirement income at rates up to 10.75%. Cost of living: 115.2/100. Property tax: 2.49%. Median home: $470,000. Average home insurance: $1,360/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is New Jersey a good state to retire in?

New Jersey's state income tax of up to 10.75% may reduce retirement income significantly. Cost of living is above average. Median home price: $470,000.

How much do I need to retire in New Jersey?

Using the 4% rule, to generate $5,953/month (80% of New Jersey median income) you'd need approximately $1,785,920 saved. Adjust up or down based on your lifestyle and housing costs.