City Comparison · 2026
Elizabeth vs New York City
Salary, rent, taxes, and purchasing power compared
Purchasing Power
$100k in Elizabeth = $166k in New York City
Metric
Elizabeth
New York City
COL Index
✓1.28
2.13
1BR Monthly Rent
✓$1,800/mo
$3,500/mo
2BR Monthly Rent
✓$2,300/mo
$4,500/mo
State Income Tax
NJ
NY
$100k Take-Home
✓$74,492
$73,522
$100k Effective Rate
✓25.51%
26.48%
$100k Savings Potential
✓$52,892
$31,522
After-Tax Income by Salary
| Gross Salary | Elizabeth NJ | New York City NY |
|---|---|---|
| $60,000 | $48,425 $4,035/mo · 19.29% eff. | $47,420 $3,952/mo · 20.97% eff. |
| $100,000 | $74,492 $6,208/mo · 25.51% eff. | $73,522 $6,127/mo · 26.48% eff. |
| $150,000 | $105,849 $8,821/mo · 29.43% eff. | $104,939 $8,745/mo · 30.04% eff. |
Frequently Asked Questions
Is Elizabeth or New York City cheaper to live in?
Elizabeth has a cost-of-living index of 1.28 while New York City is 2.13 (1.00 = US average). Elizabeth is cheaper overall. 1BR rent in Elizabeth is $1,800/month vs $3,500/month in New York City.
How much more do you need to earn in New York City vs Elizabeth?
$100k in Elizabeth = $166k in New York City. Cost of living in New York City is higher by 66.4%.
Which city has better after-tax income — Elizabeth or New York City?
On a $100,000 salary, you take home $74,492 in NJ (Elizabeth) and $73,522 in NY (New York City). After accounting for rent, your annual savings potential is $52,892 in Elizabeth vs $31,522 in New York City.
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