What is the cost of living and ho much I can save

Hi,

I have got an offer to relocate to US on L1B. My family consists of 3 people (myself, wife and 2 year old son).

My office is a NY and the offered salary is 118,000 USD.

Where should I search for house to live and what are the other expenses I will have. Please let me know, it will help me in planning.

How much am I going to save after all these expenses.

You can search for houses on the Jersey city side. People usually commute from Jersey city or Edison to New York city.

Can you please tell me what are costs and other expenses, it will be really helpful.