<p>In the NJ area involved the cost of living is over 50% higher than the national average. That means the $50K salary is more like $37 for an average community. The cost of living index does not tell the whole story. Housing is twice the national average and that really impacts those struggling to live in the area with a modest income. The $50K is probably more like $25-30K when compared with average cost of living areas.</p>