Bayonne, New Jersey Income Statistics
Bayonne Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Bayonne Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bayonne | New Jersey Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,559 | $103,817 | $80,455 |
| Median Personal Income | $65,135 | $76,200 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.4% | 4.8% |
| Six-Figure Earners | 14.0% | 19.9% | 13.9% |
| $200k+ Households | 12.6% | 21.6% | 13.2% |
The median household income in Bayonne is about 20% lower than in New Jersey. Income has been growing faster in Bayonne (5.4%/yr) than in New Jersey (4.4%/yr).
About 14% of adults in Bayonne earn six figures ($100,000 or more) a year, lower than the New Jersey average of 20%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bayonne, New Jersey grew by 65.4% from 2009 to 2024, reaching $83,559 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Bayonne
| Metric | Bayonne | New Jersey Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.544 | 0.552 |
| Male Median Income | $72,947 | $87,197 | $69,667 |
| Female Median Income | $65,584 | $70,502 | $56,850 |
| Gender Pay Gap | 10.1% | 19.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bayonne, it is 0.542, about the same as New Jersey's 0.544, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 11% more than women's income in Bayonne, New Jersey. Over a 35-year career, a 11% wage gap accumulates to roughly $257,705 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bayonne, New Jersey has narrowed from about 16% to 10% in 2024. Over that period the gap was widest at 20% in 2022, and was narrowest at 7% in 2017. In dollar terms, the gap has narrowed by $290 since 2009.
Employment
| Metric | Bayonne | New Jersey Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.3% | 5.2% |
| Working from Home | 14.3% | 16.8% | 15.0% |
| Commute time (minutes) | 30 | 26 | 22 |
Approximately 2,008 people are unemployed in Bayonne, New Jersey.
The average commute time in Bayonne is 30 minutes, longer than the 26 minutes in New Jersey.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bayonne, New Jersey has fallen from 8.6% to 5.4% in 2024.
Bayonne, NJ Wealth Compared With Nearby Cities
Bayonne, NJ is the 4th largest of the 6 cities compared here, 71,520 residents against a local median of 137,246. The measure that sets Bayonne, NJ apart most is unemployment: 5.4%, 18% below the local median of 6.6%. That is the better end of the local range on this measure.
The cities themselves spread 6.4% on unemployment, so Bayonne, NJ sits at one end of an already wide local range rather than apart from it. Bayonne, NJ has the 2nd lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Bayonne, NJ | 71,520 | $83,559 #3/6 | 5.4%/yr #4/6 | 5.4% #2/6 | 0.542 #2/6 |
| Jersey City, NJ | 293,788 | $98,050 | 6.2%/yr | 5.5% | 0.548 |
| Elizabeth, NJ | 137,246 | $66,034 | 5.3%/yr | 7.7% | 0.550 |
| Newark, NJ | 309,652 | $52,688 | 5.9%/yr | 11.6% | 0.593 |
| Kearny, NJ | 40,646 | $79,552 | 3.3%/yr | 6.6% | 0.570 |
| Harrison, NJ | 20,334 | $93,692 | 6.1%/yr | 5.2% | 0.525 |
Conclusion
Considering all these factors, Bayonne, New Jersey has an overall wealth index grade of C, making it somewhat worse than New Jersey, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bayonne, New Jersey.
How Rich Is Bayonne, New Jersey?
Bayonne has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $83,559, about 20% lower than the New Jersey average of $103,817.
How fast is household income rising in Bayonne, New Jersey?
Between 2009 and 2024, the median household income in Bayonne, New Jersey rose 65%, from $50,509 to $83,559. Over the same years, income here outpaced New Jersey as a whole: +65% against +50%.
What was the median household income in Bayonne in 2023?
In 2023, the median household income in Bayonne, New Jersey was $80,616, up 1% from $79,703 in 2022. The New Jersey median that year was $101,191.
What was the median household income in Bayonne in 2020?
In 2020, the median household income in Bayonne, New Jersey was $69,433. By 2024 it had risen 20% to $83,559.
What is the Gini coefficient in Bayonne, New Jersey?
The Gini coefficient in Bayonne is 0.542. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bayonne, New Jersey?
Since 2009, the income gap between men and women in Bayonne, New Jersey has narrowed from about 16% to 10% in 2024. Over that period the gap was widest at 20% in 2022, and was narrowest at 7% in 2017. In dollar terms, the gap has narrowed by $290 since 2009.
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