New Jersey Minimum Wage Calculator 2026
New Jersey minimum wage: $15.49/hr (tipped: $5.62/hr). Calculate annual salary, monthly income, and take-home pay at minimum wage.
How This Calculator Works
Calculation methodology and assumptions
This calculator computes annual, monthly, and weekly earnings at New Jersey's minimum wage of $15.49/hr. For tipped employees, the base rate is $5.62/hr. The federal minimum wage is $7.25/hr — New Jersey's rate is higher, so the state rate applies. Calculations assume no overtime and consistent hours.
Key State Information
New Jersey minimum wage: $15.49/hr. Tipped rate: $5.62/hr. New Jersey allows a tip credit, meaning employers can pay tipped employees $5.62/hr as long as tips bring total compensation to at least $15.49/hr. New Jersey has one of the highest minimum wages in the nation.
Frequently Asked Questions
What is the minimum wage in New Jersey in 2026?
New Jersey's minimum wage is $15.49/hr as of 2026. For tipped employees, the minimum is $5.62/hr. Working 40 hours/week, 52 weeks/year, this equals approximately $32,219 gross annual income.
Is New Jersey's minimum wage going up?
Many states have scheduled annual minimum wage increases tied to inflation (CPI). Check New Jersey's Department of Labor for upcoming rate changes. New Jersey has already reached $15+/hr, though future increases may still occur.
Can you live on minimum wage in New Jersey?
New Jersey's cost of living index is 115.2 (100 = national average). At $15.49/hr full time, you'd earn about $32,219/year before taxes. With above-average costs, this would be very challenging.