States › New Jersey › Bayonne

Is Bayonne, NJ expensive to live in?

ExpensiveRent takes 32 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,44439% higher than U.S. average
💵 Families earn per year (2026)$90,472about $7,539/month · 4% higher than U.S. average
🔑 House price$460,10038% higher than U.S. average

Rent is higher than in 84% of U.S. cities. A typical house costs about 5.1 years of household income. Commutes are long, about 33.7 minutes each way. Most households rent (64%), so there are plenty of rental options.

How much money do I need?

To rent here comfortably, you should earn about $97,760 a year. That is $47 an hour at a full-time job.

Is rent cheaper than other New Jersey cities?

No. Rent here is more expensive than in most of New Jersey. It is number 181 of 291 cities from cheapest to most expensive.

Bayonne
$2,444
$1,619
$1,700
$1,737
$1,598

How much do households earn in Bayonne?

Under $25k
14.2%
$25k–50k
18.0%
$50k–100k
33.2%
$100k–150k
17.1%
$150k+
12.7%

Share of households by yearly income. 29.8% of households earn $100,000 or more.

Rent by apartment size in Bayonne

SizeBayonneU.S. average
Studio$1,220$1,338
1 bedroom$1,559$1,324
2 bedrooms$1,856$1,509
3 bedrooms$2,308$1,698
4 bedrooms$2,635$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Bayonne overall?

Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).

Housing
134
Goods (food, clothes…)
107
Utilities
114
Other services
104
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Bayonne, so the New Jersey figure is shown.

Taxes and bills in Bayonne

🏛️ Property tax$10,000+a year · 2.17% of home value · U.S. $3,119
⚡ Electric bill$151a month (typical) · U.S. $156

Life in Bayonne

Commute to work33.7 minU.S.: 26.4 min
College degree39.6%U.S.: 35.7%
Own their home36.2%U.S.: 65.2%
Below poverty line14.4%U.S.: 12.5%
Unemployment5.4%U.S.: 5.2%

Is it cheaper to rent or buy in Bayonne?

Renting is cheaper right now: about $748 a month less.

Renting
$2,444
Owning
$3,192

Owning assumes a typical $460,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $46,010 for the down payment.

Frequently asked questions

What is the average rent in Bayonne, NJ?

Renting in Bayonne costs a median of about $2,444 a month in 2026, including utilities. The New Jersey median is $2,240.

How much do I need to make to live in Bayonne?

To keep rent under 30% of income, you need about $97,760 a year, or $47 an hour at a full-time job.

Is Bayonne cheap or expensive?

Bayonne is rated Expensive: rent takes 32.4% of the typical household income of $90,472. It ranks 181st cheapest of 291 New Jersey cities we track.

How much are property taxes in Bayonne?

The median homeowner in Bayonne pays $10,000+ a year in property taxes, about 2.17% of the median home value.

Is Bayonne more expensive than the national average?

Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Bayonne?

The median home value in Bayonne is $460,100, about 5.1 times the typical yearly household income.

71,553 people live in Bayonne. Numbers are typical (middle) values.