Hamilton Square, NJ Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hamilton Square, NJ Summary

Cost of living in Hamilton Square research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hamilton Square is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Hamilton Square is 130, with 100 being the average.

  • The cost of living index in Hamilton Square is 1.3x higher than the national average.

  • Hamilton Square ranks as the #139 cheapest in New Jersey out of 251.

  • Hamilton Square ranks as the #5,259 cheapest out of 6,412 in the US.

  • The median home value in Hamilton Square is $323,900.

  • The median income in Hamilton Square is $117,000.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
130
Hamilton Square's Overall Cost Of Living
1.3x
Higher Than The National Average

What is the cost of living in Hamilton Square, NJ?

According to the most recent data on the cost of living, Hamilton Square has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.

Compared to New Jersey, Hamilton Square has a cost of living index that's 1.2x higher than New Jersey's index of 111.

The standard of living in Hamilton Square ranks as #139 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Hamilton Square ranks as the #112 most expensive place in the Garden State.

For more reading on life in Hamilton Square, check out:

139 out of 251
In New Jersey
5,259 out of 6,412
In America

Hamilton Square Cost Of Living Vs. New Jersey

Six factors go into calculating the cost of living index in Hamilton Square. Here is how it fairs on each of the criteria:

  • The Services index in Hamilton Square is 115.

  • The Groceries index in Hamilton Square is 106.

  • The Health index in Hamilton Square is 103.

  • The Housing index in Hamilton Square is 172.

  • The Transportation index in Hamilton Square is 107.

  • The Utilities index in Hamilton Square is 100.

Living Expense Hamilton Square New Jersey National Average
Overall 130 111 100
Services 115 104 100
Groceries 106 104 100
Health 103 95 100
Housing 172 130 100
Transportation 107 106 100
Utilities 100 108 100
For more reading on cost of living around New Jersey, check out:
Hamilton Square Cost of Living Vs. NJ

Hamilton Square, NJ Housing Cost Breakdown

Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Hamilton Square is $323,900.

  • The Median Rent in Hamilton Square is $1,881.

  • The Median Income in Hamilton Square is $117,000.

  • The Home Value To Income in Hamilton Square is 2.8x.

  • The Rent To Monthly Income in Hamilton Square is 0.19x.

Statistic Hamilton Square New Jersey United States
Median Home Value $323,900 $355,700 $244,900
Median Rent $1,881 $1,436 $1,163
Median Income $117,000 $89,703 $69,021
Home Value To Income 2.8x 4.0x 3.5x
Rent To Monthly Income 0.19x 0.19x 0.2x
Search Homes For Sale In Hamilton Square, NJ
$323,900
Median Home Value
$1,881
Median Rent
$117,000
Median Income

Hamilton Square, NJ Costs By Category

Detailed Hamilton Square Services Costs Vs. New Jersey

Item Hamilton Square New Jersey
Shampoo $1.03 $1.06
Movie $12.59 $10.68
Bowling $17.73 $14.67
Haircut $20.73 $18.62
Beauty Salon $36.4 $39.05

Detailed Hamilton Square Groceries Costs Vs. New Jersey

Item Hamilton Square New Jersey
Ground Beef $3.87 $4.22
Fried Chicken $1.67 $1.39
Milk $2.41 $2.05
Potatoes $3.09 $3.29
Pizza $11.4 $10.62
Beer $9.19 $9.38
Toothpaste $2.16 $2.34

Detailed Hamilton Square Health Costs Vs. New Jersey

Item Hamilton Square New Jersey
Optometrist $101.33 $108.57
Doctor $94.5 $116.17
Dentist $113.15 $99.13

Detailed Hamilton Square Transportation Costs Vs. New Jersey

Item Hamilton Square New Jersey
Gasoline $2.26 $2.22
Tire Balancing $56.66 $50.07

Detailed Hamilton Square Utilities Costs Vs. New Jersey

Item Hamilton Square New Jersey
All Electricity $174.26 $167.67
Phone $179.87 $175.64

Hamilton Square SnackAbility

7
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8.5
Diversity
6
Safety
N/A
Amenities
8.5
Education
9
Commute
6

Cost Of Living In Cities Around Hamilton Square

The cost of living varies in the cities and towns around Hamilton Square. Here's a quick look at the cost of living in the most populous nearby places:

  • Allentown, PA has a cost of living index of 95, 0.7x Hamilton Square.

  • Trenton, NJ has a cost of living index of 97, 0.7x Hamilton Square.

  • Levittown, PA has a cost of living index of 114, 0.9x Hamilton Square.

City Population Cost Of Living Vs. Hamilton Square
Allentown, PA 125,250 95 0.7x
Trenton, NJ 90,097 97 0.7x
Levittown, PA 51,100 114 0.9x
West Freehold, NJ 14,565 136 1.0x
Mercerville, NJ 14,234 116 0.9x
Kendall Park, NJ 10,560 131 1.0x
White Horse, NJ 9,710 111 0.9x
Twin Rivers, NJ 8,049 114 0.9x
Fort Dix, NJ 7,904 138 1.1x
Yorketown, NJ 7,316 144 1.1x

Articles About New Jersey

Enjoy The Snack?