Most of Elizabeth is in Union County, where a full-time job needs to pay at least $61.97 an hour before taxes to take home four times the typical studio rent.
Across the 4 ZIP codes in Elizabeth with HUD rent figures, studio rents run from $1,460 to $1,690 a month. At the middle rent, $1,580, a full-time job would need to pay $53.12 an hour before taxes.
What the standard would be at each ZIP code's own studio rent. The calculator and the official standard use the county figure.
| ZIP | County | Studio rent | Pay needed |
|---|---|---|---|
| 07201 | Union County | $1,460/mo | $48.40/hr |
| 07202 | Union County | $1,600/mo | $53.90/hr |
| 07207 | Union County | $1,690/mo | $57.44/hr |
| 07208 | Union County | $1,560/mo | $52.33/hr |
Under the Four Times Rent standard, a full-time job in Elizabeth needs to pay at least $61.97 an hour before taxes, about $128,889 a year. That is the figure for Union County, where the typical studio rent is $1,805 a month.
Yes. Across the 4 ZIP codes in Elizabeth with HUD rent figures, studio rents run from $1,460 to $1,690 a month. At the middle rent of $1,580, the pay needed would be $53.12 an hour.
The minimum wage in Union County is $15.92 an hour. The Four Times Rent standard there is 3.9 times that.
The Four Times Rent standard: a month of full-time work (160 hours) should take home at least four times the typical rent on a studio apartment in the county where the work is done. Rents: HUD FY2027 Fair Market Rents. Taxes: 2026 federal and state income taxes plus Social Security and Medicare, for a single filer. Why four times rent? · Method and data downloads