If you are a single person, you need at least 70K a year to own and maintain a home in this state, which is New Jersey.
Even 60K will not cut the ice.
I was not making all that much money 17 and 18 years ago, yet I lived comfortably on what I was earning.
How did it get to be so expensive to live in this state???
Let’s use 60K as an example…where that 60K goes is right down the tubes:
Taxes and other “must pays” deducted from your yearly salary: 15K (at the least; rough estimate and a guess, since I never made 60 gtrand)
Property taxes: 6 grand (for a modest one family home — not a megamansion and not a luxury accommodation)
Oil to heat the home: 2K for one season, if you are lucky enough to stretch 200 gallons from late October until start of April)
Car insurance: 1500 per year
Your yearly gift to your uncle: Out of this amount, it might be about 2 Grand. You “take home” crap money and you pay horrific expenses in this state but according to Uncle Sam, you’re well off. Fooey.
Health Insurance contribution to your employer: 1200 per year
Paying for your own dental, meds and other doctor’s visits:Let’s make it about 2 grand
Groceries per week —at least $100 so that is $4800 for you and you alone
(Leasing or financing a car or paying off a student loan or have a mortgage or you are paying off a bit of unforeseen expense: not included).
What is the total of the above list of expenses?
If my math is right, the total leaves you with 26K a year, to pay your other bills and expenses.
You cannot make it on 60 grand.
And add another 10 grand if you make 70K and you do not have much to go on at all. 36 grand in these parts won’t get you much.
How the heck did it get to be so expensive to live here?
I would say the cost of living skyrocketed during the last 7 or 8 years.
I was making 38,000 at my last job. After taxes, I brought home about 30 grand a year. I think I am in the right ball park to say there is at least 15 grand’s worth of federal and state and other deductions that will be made from 60K a year.
You cannot make it. A small one family home will still be about $5800 in property taxes in this town.
You are shit out of damn luck if you are single — if you had a spouse making 60K then it is another story if you even have the “Free and clear” 70 grand a year both your salaries will generate. And wow, if you have kids….another story.
70K a year won’t get a childless couple much at all. There are always repairs that are needed and other expenses, in addition to your usual ones.
The cost of living here isn’t just all on the public servants and teachers generating these hefty salaries — that pig in Sayreville coaching that bunch of molestors is making nearly 85 grand, as per the Star Ledger in today’s latest news about the perps — something else got in the mix.
I personally think we are being handed the bill for the incentives that failed (that mall that won’t open, other projects that failed and for the chunk of money we gave Revel to build that monstrosity to name a few) ; we are also picking up the tab for the many hospitals that are on the state’s tab for money they borrowed to keep their failing institution open —- and we are supporting all the illegals that are her eon our dime. We pay for it in one way or another.
What is the rate of inflation? I do not think it is astronomical.
If you have a 2 family home, you are no longer guaranteed a long term tenant. Nobody stays very long in one place anymore. There are always people coming and going; I see it all the time on this block — nobody stays here long anymore — and even if a house is bought: no gurantee an owner will the there indefinitely. A house down the block that was sold in 2009 is on the selling block again, for the third time since 2009.
What if your tenant moves out and you cannot get a tenant for a good long while? No guarantee you will always have a tenant. That’s just the way it is.
Our roads are crap, our bridges are crud and it takes forever for the state to complete a road project. Our hospitals stink — that is, the ones that are still open stink — healthcare is awful, we have no quality of life — there are still plenty of communities that are still trying to rebuild after Hurricane Sandy — and speaking of the shore, VERY expensive. A week down the shore will cost you almost 2 grand to stay in a hotel. Expect to spend another grand on food and entertainment and a beach pass daily. Yep, they charge for the beaches here save one or 2 shore communities. Atlantic City is free and so is Wildwood but these are towns not within reasonable driving distance for most of us. There are 2 or 3 tiny towns like Highlands that do not charge for the beach.
They are taking every little bit of land and putting “luxury” condos or rental communities there. This is ruining any “small town” image we have plus it will contribute to flooding and many other problems. (and the Asian Indians looooooove condo/rental communities — you can bet your hat that when the most recent development is done — 500 units — most of those will be occupied by Asian Indians. That has ALWAYS been the trend!)
And I would not doubt our public money is being spent for Dwali and other “Indian”centric celebrations on public land in our town. Is this the right thing to do with public money???? I don’t think so. If the Indians want a celebration for this or for that, let THEM rent the park or the land and pay for it themselves!!!! Hold it on a neutral piece of land, not public land owned by the town. This reeks of political-ness to me.
The schools are not what they used to be. We used to be the vanguard for things like team teaching and other innovative programs; we used to have reading buddies, an excellent music program in each grammar school and read a thons. The priority now in the schools here are Where to Accommodate The Growing Population Of STudents and adding media teachers. We do not need grammar school kids learning how to use software; concentrate on your penmanship. Leave keyboarding out of it; call it TYPING and return it to the junior year in high school… reinstitute business courses in the high school.
(psst….maybe the growing student population is being caused by building condos and rental units on every vacant piece of land they can find! We have no more room: END the building of condos! The buildings are usually eyesoes and we need to retain our open space)
The growing Hispanic population is put first…and the Asian Indians are also given priority. The white population is going to be moving out. Give it 10 more years and they will be gone completely. I’ve seen it happen in towns like Union City and Passaic.
The additions they’ve added to the schools are ugly and an eyesore and it’s going to be the same for the additional space they are making to accommodate the sixth graders at that middle school.
We have no more new programs in the schools. Nothing innovative. There are no plans to come up with something new.
The jobs are moving OUT. None are moving in, unless you want a service job.
Roche in Clifton is closed and gone nearly a year; they started to phase out operations 21/2 years ago. The 23 acre campus is slated for mixed use garbage. Who the heck needs it??? What we need is another company — no, many companies — to come into our state and bring REAL JOBS!
The school taxes are skyrocketing. We are getting nothing for the money.
I’m done here. There is NO chance I will be given a 60 grand a year job and less of a chance I’ll make 60 grand and get to marry somebody earning the same money.