Cost Of Living 2024 Payment Nj. In 2023, qualified students could exclude $2,220 of income per month from being counted against their ssi benefits, up to a maximum of $8,950 per year. The cost of living in new jersey is $2706, which is 1.22 times more expensive than the average in the united states.
This bill would provide for a cost of living increase for certain retired public employees and their beneficiaries who are receiving monthly payments from the teachers’ pension and annuity fund, judicial retirement system, public employees’ retirement. And their annual income was $150,000 or less in 2022 and $163,050 or less in 2023.