Zip 08721 (Bayville, NJ) Economy


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Bayville, New Jersey is a small town located in Ocean County. It has a population of 8,721 as of the 2020 census. The median rent for a 2 bedroom apartment in Bayville is $1,730 which is slightly higher than the national average of $1,430. The Grocery Cost Index in Bayville is 104 versus the US index of 100.
Bayville offers its small-town charm with easy access to plenty of amenities and attractions. There are a variety of local businesses including restaurants like JB's Corner Cafe & Pizza Parlor, Lanzillotti's Restaurant & Tavern and Beachwood Deli; shopping centers like Target and Walmart; entertainment spots like Country Estate Entertainment Complex; and services such as Bayville Pharmacy. With its close proximity to larger cities such as New York City, Philadelphia and Atlantic City, Bayville residents can easily explore all that these cities have to offer while still having the comfort of their hometown close by.

Bayville (zip 08721) has an unemployment rate of 9.6%. The US average is 6.0%.

Bayville (zip 08721) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.

Tax Rates for Bayville (zip 08721)
- The Sales Tax Rate for Bayville (zip 08721) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bayville (zip 08721) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bayville (zip 08721)
- The average income of a Bayville (zip 08721) resident is $32,498 a year. The US average is $28,555 a year.
- The Median household income of a Bayville (zip 08721) resident is $97,087 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBayville, New JerseyUnited States
  9.66
  -6.6%-6.2%
  24.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $41,737$37,638
  $97,087$69,021
  $108,144$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  10.5%6.8%
  4.3%10.0%
  1.4%2.5%
  12.0%11.0%
  3.7%4.8%
  4.6%0.8%
  1.8%1.9%
  5.4%4.7%
  1.9%1.9%
  4.7%7.6%
  0.0%0.1%
  4.4%4.2%
  9.0%9.3%
  16.3%14.0%
  1.8%2.1%
  4.3%7.0%
  6.3%4.8%
  7.1%4.7%
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