The United Way of Northern New Jersey estimates that a family of four — two adults, one infant, and one preschooler — needs an income of $61,200 just to survive in this state.
A new report, called ALICE (Asset Limited, Income Constrained, Employed) and conducted by the United Way, estimated that was the income required to afford the five basic necessities — housing, childcare, food, healthcare, and transportation — a family of four would need. In 2012, the median family income in New Jersey was $69,667.
The budget calls for $1,245 for housing, $1,341 for childcare, $592 for food, $549 for transportation, $453 for healthcare, $456 for taxes, and $464 for miscellaneous.
Basic necessities increased 19 percent between 2007 and 2012, according to the survey.
A single adult is estimated to need $27,552 to live on a survival budget. The Household Survival Budget was estimated to vary across counties. The basic essentials were judged to be least expensive in Essex County — $49,038 for a family of four, $23,209 for a single adult. They were estimated to be most expensive for a family of four in Hunterdon County at $73,120. For a single adult, Passaic County was judged the most expensive at $33,494.