Bayonne, NJ is a great place to live with its affordable rent and cost of living. The 2 bedroom rent in Bayonne is $1,880 compared to the US average of $1,430. The grocery cost index in Bayonne is 106 versus 100 in the US making it an even more attractive place for those looking for good value for their money. Notable local companies include Bayonne Medical Center, Hankook Tire America Corp., and Kmart Corporation. All of which make Bayonne an attractive option for those who want to live close to work or have access to nearby services.
Bayonne has an unemployment rate of 9.5%. The US average is 6.0%.
Bayonne has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Bayonne
- The Sales Tax Rate for Bayonne is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bayonne 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 Bayonne
- The average income of a Bayonne resident is $28,595 a year. The US average is $28,555 a year.
- The Median household income of a Bayonne resident is $72,839 a year. The US average is $69,021 a year.