Hamilton Square, NJ Cost Of Living
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
Hamilton Square's Overall Cost Of Living
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:
- Living In Hamilton Square
- Search Homes For Sale In Hamilton Square, NJ
In New Jersey
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 | |
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 |
Median Home Value
Median Rent
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
/10
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 |
