New Jersey Minimum Wage and Income Tax 2026
What it costs to pay people and earn money in New Jersey.
Minimum wage$15.92per hour
Income tax1.40% to 10.75%
State sales tax6.63%about 6.60% with local tax
Corporate tax11.50%
Minimum wage in New Jersey
The minimum wage is $15.92 an hour, $8.67 above the federal $7.25.
Full time at 40 hours, that is $637 a week or $33,114 a year. It ranks 8 of 51, higher than 43 others.
As of July 1, 2026. Source: U.S. Department of Labor.
Income tax in New Jersey
New Jersey income tax runs from 1.40% to 10.75% across 7 brackets.
The top rate ranks 4 of 51.
Single filers, as of January 1, 2026. Source: Tax Foundation.
Corporate tax in New Jersey
The top corporate income tax rate is 11.50%. Graduated from 6.50% to 11.50%.
It ranks 1 of 51.
As of April 2, 2026. Source: Tax Foundation.
Sales tax in New Jersey
The state rate is 6.63%. With the average local tax, shoppers pay about 6.60%.
As of July 1, 2026. Source: Tax Foundation.