Bayonne, NJ, has a higher cost of living compared to the nationwide average. The cost of living index for Bayonne stands at 108, which is 8% above the national average of 100. This increase is particularly noticeable in housing and utilities, with housing costs reaching 120 and utility costs at 110.
Despite the overall higher cost, Bayonne's groceries and transportation costs align closely with the national average, with groceries at 105 and transportation at 95. This variance highlights the importance for job seekers to consider these specific costs when relocating.
The cost of living in Bayonne, NJ, shows a varied comparison to the nationwide average, which is set at 100. For housing, Bayonne's index stands at 120, which means it is 20% higher than the national average. This increase could significantly affect those seeking to rent or buy homes in the area, as they may find housing expenses to be notably higher.
In terms of groceries, the cost in Bayonne is 105, representing a 5% increase above the national average. This modest rise suggests that while food expenses are slightly above the norm, they remain relatively manageable. Utilities in Bayonne are 110, a 10% increase, indicating that energy and water costs are also higher than average. Additionally, transportation costs are relatively lower, with an index of 95, meaning they are 5% below the national average. Healthcare costs also rise, at 115, indicating an additional 15% cost compared to the nationwide average. Miscellaneous expenses in Bayonne, however, match the national average, with an index of 100.
