Cost Of Living 2024 Increase Nj. Many hourly workers earning new jersey’s minimum wage will see their pay automatically increased to $15.49 on jan. Discover how expenses vary across the united states and find insights to manage your finances better.

Prices for natural gas rose 1.5 percent. The expected cola for 2023 is 8.7%, meaning if you were going to give an employee an annual salary increase of $10,000, you would adjust that amount to $10,870 to account for inflation.