Salary Needed to Live in Lakewood as a Couple
A couple sharing expenses without children needs approximately $32,440/year to live comfortably in Lakewood, NJ — including 12% savings.
Comfortable Salary
$32,440
with 12% savings
Bare Minimum
$27,033
no savings buffer
Monthly Expenses
$1,622
10% above national avg
Detailed Monthly Budget for a Couple in Lakewood
| Expense | Lakewood | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Apartment Rent | $179 | $137 | +31% |
| 🛒 Groceries | $39 | $27 | +44% |
| ⚡ Utilities | $18 | $19 | -5% |
| 🚗 Transportation | $38 | $35 | +9% |
| 🛡️ Car Insurance | $201 | $229 | -12% |
| 🏥 Health Insurance | $65 | $58 | +12% |
| Internet | $73 | $65 | +12% |
| Phone (×2) | $157 | $140 | +12% |
| Dining & Social | $504 | $450 | +12% |
| Entertainment | $202 | $180 | +12% |
| Personal Care (×2) | $146 | $130 | +12% |
| Total Monthly | $1,622 | $1,470 | +10% |
How We Calculated the Salary
Monthly expenses:$1,622
Target savings (12%):$265/mo
Monthly after-tax needed:$1,887
Effective tax rate:28%
Gross annual salary needed:$32,440
Other Household Types in Lakewood
Related Pages
FAQ
What salary does a couple (no kids) need in Lakewood?
A couple (no kids) needs approximately $32,440/year ($2,703/month gross) to live comfortably in Lakewood with a 12% savings rate.
How much is rent for a couple (no kids) in Lakewood?
A 1-2br apartment in Lakewood costs approximately $179/month, which is the largest single expense at 11% of the total budget.
Is Lakewood affordable for a couple (no kids)?
Lakewood is roughly average for couple (no kids) costs, requiring a salary close to the national median.