How much does a Petroleum Engineers actually take home in New Jersey?
Progressive (up to 10.8%) — 31.1% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
Some links are affiliate links. See our disclosure.
Detailed line-by-line tax calculation for a Petroleum Engineers earning $212,230 in New Jersey (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $212,230 | — |
| Federal Income Tax | -$40,928 | 19.3% |
| New Jersey State Income Tax | -$11,392 | 5.4% |
| Social Security (OASDI) | -$10,453 | 4.9% |
| Medicare | -$3,187 | 1.5% |
| Total Taxes | -$65,961 | 31.1% |
| Take-Home Pay | $146,268 | 68.9% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Petroleum Engineers in New Jersey.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $134,020 | -$38,366 | $95,653 | 28.6% |
| 25th Percentile (P25) | $151,420 | -$44,982 | $106,437 | 29.7% |
| Median (P50) | $212,230 | -$65,961 | $146,268 | 31.1% |
| 75th Percentile (P75) | $231,930 | -$73,983 | $157,946 | 31.9% |
A Petroleum Engineers in New Jersey faces a combined 31.1% effective tax rate, taking home $146,268 out of $212,230. The progressive (up to 10.8%) adds $11,392 on top of federal and FICA taxes. In a no-income-tax state, this salary would yield approximately $157,661 — a difference of $11,392/year.
Where does a Petroleum Engineers keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
New Jersey ranks #1 out of 26 states for Petroleum Engineers after-tax take-home pay.
A Petroleum Engineers in New Jersey earning a median salary of $212,230 will take home approximately $146,268 per year after federal income tax ($40,928), state income tax ($11,392), and FICA ($13,640). That is $12,189 per month or $5,625 per bi-weekly paycheck.
The effective total tax rate for a Petroleum Engineers in New Jersey is 31.1%, broken down as: federal income tax 19.3%, New Jersey state tax 5.4%, and FICA (Social Security + Medicare) 6.4%. This assumes a single filer with the standard deduction for 2024.
New Jersey has a progressive (up to 10.8%). On a Petroleum Engineers's median salary of $212,230, the state income tax amounts to $11,392 per year, which is an effective state rate of 5.4%.
After all taxes, a Petroleum Engineers in New Jersey takes home approximately $12,189 per month, or about $70.32 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $212,230 for Petroleum Engineers in New Jersey, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), New Jersey state income tax (progressive (up to 10.8%)), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $146,268/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR