Housing costs in Bayonne?
A typical home costs
$484,500, which is 43.3% more expensive than the national average of
$338,100 and 12.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Bayonne costs
$1,930 per month, which is 12.9% more than the national average of
$1,710 and 12.4% cheaper than the state average of
$2,170.
Can I afford Bayonne?
To live comfortably in Bayonne (zip 07002), New Jersey, a minimum annual income of
$92,880 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Bayonne?
The cost of living in 07002 Bayonne, NJ is fairly affordable. The area has a median home value of $296,400, which is significantly lower than the national median home value of $211,731. Additionally, the median household income in 07002 is slightly lower than the national average at $56,936 per year. Although housing prices are higher than some other areas in New Jersey, they are still generally quite affordable for those looking to buy or rent in the area. Additionally, everyday expenses such as food and transportation are relatively inexpensive when compared to other states. All things considered, 07002 Bayonne offers residents an affordable cost of living without sacrificing on amenities and quality of life.