Salary & Cost of Living in Bay Ridge, NY
Bay Ridge, NY: $64,576 median salary, cost of living index 132.9, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$64,576
$31/hr
Cost of Living
132.9
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
4.2%
rate
Bay Ridge, NY Overview
Population
64,000
Median Salary
$64,576
Average Salary
$72,325
Avg Commute
18 min
Median Home Price
$490,000
Median Rent
$1,992/mo
Job Growth
+2%
Sales Tax
4%
Bay Ridge is located in New York with a population of 64,000. The median household salary is $64,576 per year ($31/hour), which is $5,192 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +2%.
Bay Ridge Salary by Experience Level (2026)
Wage distribution in Bay Ridge, NY based on BLS percentile breakdown of the $64,576 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $40,037 | $19.25/hr | 0–2 years |
| Mid-Level (Median) | $64,576 | $31.05/hr | 3–7 years |
| Senior-Level | $91,698 | $44.09/hr | 8–15 years |
| Top 10% (90th Percentile) | $114,945 | $55.27/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Bay Ridge Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Bay Ridge, NY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$49,082
$4,090.15/month · $1,887.76/biweekly · Effective Rate: 24.0%
Gross Pay
$64,576
Federal Tax
-$5,821
State Tax
-$4,423
Local Tax
-$310
FICA
-$4,940
Net Pay
$49,082
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,381.33 | $64,576.00 |
| Federal Income Tax | -$485.06 | -$5,820.72 |
| New York State Tax (6.85%) | -$368.62 | -$4,423.46 |
| Local Tax (0.48%) | -$25.83 | -$309.96 |
| Social Security (6.2%) | -$333.64 | -$4,003.71 |
| Medicare (1.45%) | -$78.03 | -$936.35 |
| Net Take-Home Pay | $4,090.15 | $49,081.80 |
Salary Comparison: Bay Ridge vs Other Cities
See how Bay Ridge's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Bay Ridge, NY | $64,576 | 132.9 | $48,590 |
| National Average | $59,384 | 100 | $59,384 |
| Minnetonka, MN | $64,552 | 102.1 | $63,224 |
| Fort Lee, NJ | $64,605 | 110.9 | $58,255 |
| Billerica, MA | $64,529 | 134.2 | $48,084 |
| Framingham, MA | $64,509 | 144.2 | $44,736 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Bay Ridge
Bay Ridge's cost of living index is 132.9 (national average = 100). Living in Bay Ridge is 32.900000000000006% more expensive than the national average.
Median Home Price
$490,000
Median Monthly Rent
$1,992
Annual Rent Cost
$23,904
Your Salary's Purchasing Power
Your $49,082 annual take-home pay in Bay Ridge has the purchasing power of approximately $36,931 in an average-cost US area. You would need to earn $85,822 in Bay Ridge to match a $64,576 salary in an average-cost city.
Top Industries in Bay Ridge
Bay Ridge's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $64,576.
Salary Tips for Bay Ridge Workers
- Negotiate for cost of living. Bay Ridge has a cost of living 32.900000000000006% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 6.85% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Bay Ridge's top industries include Finance, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $64,576 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Bay Ridge salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Bay Ridge-NY metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Bay Ridge indexed at 132.9.
- Median salary calculation: weighted average of Bay Ridge's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $64,576 annual median.
- Tax burden reflects New York state income tax (6.85%), plus Bay Ridge local tax of 0.48%, sales tax (4%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Bay Ridge: 4.2%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Finance, Technology, Healthcare — based on QCEW employment concentration data.
- Job growth: 2% projected through 2034, derived from BLS Employment Projections program for New York.
- Housing context: median home price $490,000, median rent $1,992/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Bay Ridge, NY:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Bay Ridge unemployment rate
- U.S. Census Bureau — Bay Ridge QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — New York — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Bay Ridge's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent New York labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Bay Ridge, NY?
The median salary in Bay Ridge, NY is $64,576 per year, or $31 per hour. The average salary is $72,325. This is $5,192 above the national median of $59,384.
What is the cost of living in Bay Ridge, NY?
Bay Ridge's cost of living index is 132.9 (national average = 100), meaning it is 32.900000000000006% more expensive compared to the national average. The median home price is $490,000 and the median monthly rent is $1,992.
What are the best industries in Bay Ridge?
The top industries in Bay Ridge, NY include Finance, Technology, Healthcare. The city has a job growth rate of 2% and an unemployment rate of 4.2%. Workers in these industries often earn above the city's median salary of $64,576.
How does Bay Ridge's salary compare to other cities?
Bay Ridge's median salary of $64,576 is 8.7% above the national median of $59,384. However, when adjusted for cost of living (index: 132.9), the real purchasing power is approximately $48,590.
What is the minimum wage in Bay Ridge, NY?
The minimum wage in Bay Ridge, NY is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.