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This question is about Bayonne, NJ.
What is a good salary in Bayonne, NJ?
A good salary in Bayonne, NJ is anything over $49,000. That's because the median income in Bayonne is $49,000, which means if you earn more than that you're earning more than 50% of the people living in Bayonne. The average salary in Bayonne is $55,432.
A good hourly wage in Bayonne is $23.56 per hour. That works out to a good weekly wage of $942 per week and a good monthly wage of $4,083 per month. However, using the median income is only one way to calculate a good salary in Bayonne.
Another way to calculate a good salary in Bayonne is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $333,700, a good salary in Bayonne would be $66,740.
Lastly, we can determine a good salary in Bayonne by looking at the cost of living and comparing it to the US average salary. The cost of living in Bayonne is 23% higher than than the national average. The national average salary is $56,310, so a good salary in Bayonne is anything over $69,261 by this measure.
Average Annual Salary in Bayonne, NJ
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $26,000 | $2,166 | $500 | $12.5 |
| 25th | $35,000 | $2,916 | $673 | $16.83 |
| Median | $49,000 | $4,083 | $942 | $23.56 |
| 75th | $68,000 | $5,666 | $1,307 | $32.69 |
| 90th | $91,000 | $7,583 | $1,750 | $43.75 |
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