Zip 08721 (Bayville, NJ) Cost of Living


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Bayville cost of living score
111.9
More expensive
11.9% higher
than the US average
6.6% lower
than the New Jersey average
Bayville (zip 08721), New Jersey gets a BestPlaces Cost of Living score of 111.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.9% higher than the U.S. average and 6.6% higher than the average for New Jersey.

Zip 08721 (Bayville, NJ)

Housing costs in Bayville?
A typical home costs $429,500, which is 27.0% more expensive than the national average of $338,100 and 0.6% less expensive than the average New Jersey home, at $432,100. Renting a two-bedroom unit in Bayville costs $1,730 per month, which is 21.0% more than the national average of $1,430 and close to the state average of $1,710.

Can I afford Bayville?
To live comfortably in Bayville (zip 08721), New Jersey, a minimum annual income of $82,440 for a family, and $55,200 for a single person is recommended.

What does A.I. say about Bayville?
The cost of living in 08721 Bayville, NJ is relatively high compared to other towns in the state. The median home cost in the area is $411,000, which is significantly higher than the state average of $339,000. Additionally, the median rent price for Bayville is $2,200 per month which is also higher than the state average of $1,700 per month. Additionally, transportation costs are on par with other major cities in New Jersey with an average cost of $100 per gallon of gas and a monthly public transportation pass costing around $50 a month. Despite the high costs associated with living in 08721 Bayville, NJ, there are many amenities available to residents that make it a desirable place to live.
   Cost of living score
     CategoriesBayvilleNew JerseyUnited States
  111.9119.8100.0
  103.9105.8100
  97.796.9100.0
  126.4136.4100.0
  $429,500$432,100$338,100
  105.5%109.2%100.0%
  102.9127.7100.0
  101.7112.5100.0

   100=National Average

   Average Rent by Bedroom Size
Crime