Housing costs in Bayonne?
A typical home costs
$501,600, which is 48.4% more expensive than the national average of
$338,100 and 16.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Bayonne costs
$1,880 per month, which is 31.5% more than the national average of
$1,430 and 9.0% more than the state average of
$1,710.
Can I afford Bayonne?
To live comfortably in Bayonne, New Jersey, a minimum annual income of
$96,120 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Bayonne?
Bayonne, NJ has a median house value of $501,600, which is significantly higher than the US average of $338,100. This could be attributed to the higher cost of living in Bayonne as compared to the US average. The cost of living index for Bayonne is 130.3 which is 30.3 points higher than the US average of 100. This suggests that consumers in Bayonne have to pay more for food, housing, healthcare and other expenses than an average consumer in the country. Consequently, this explains why house values are also higher in this area.