Small Town7,241 people

Wharton borough, NJ

Discover how far your salary goes in Wharton borough. Compare taxes, rent, and living costs.

Cost Index
166
💰 Expensive
Population

7,241

State Tax

10.8%

1BR Rent

$1,785

/month

vs National

+28%

above avg

How far would your salary go in Wharton borough?

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Rent Prices in Wharton borough

🏠

Studio

$1,428

/month

$17,136/year

Most Common
🛏️

1 Bedroom

$1,785

/month

$21,420/year

🏡

2 Bedroom

$2,410

/month

$28,920/year

🏘️

3 Bedroom

$3,124

/month

$37,488/year

Taxes in New Jersey

State Income Tax

New Jersey

10.8%

For a $100k salary, that's ~$10,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Wharton borough, NJ?

Wharton borough has a cost of living index of 166, which is 66% above the national average. A 1-bedroom apartment costs around $1,785/month.

What is the state income tax in New Jersey?

New Jersey has a state income tax rate of approximately 10.8%. This is in addition to federal income tax.

How much is rent in Wharton borough?

The median rent for a 1-bedroom apartment in Wharton borough is $1,785/month. For a 2-bedroom, expect to pay around $2,410/month. This is 28% above the national average.

Is Wharton borough a good place to live?

Wharton borough is a small town with a population of 7,241. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Wharton borough

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