Cost of living in Hamburg 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 Hamburg 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 York, 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 Hamburg is 94, with 100 being the average.
The cost of living index in Hamburg is 0.9x lower than the national average.
Hamburg ranks as the #56 cheapest in New York out of 341.
Hamburg ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Hamburg is $300,461.
The median income in Hamburg is $109,028.
According to the most recent data on the cost of living, Hamburg has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to New York, Hamburg has a cost of living index that's 0.8x lower than New York's index of 119.
The standard of living in Hamburg ranks as #56 most affordable out of the 341 places we measured in New York. By definition, that implies Hamburg ranks as the #285 most expensive place in the Empire State.
For more reading on life in Hamburg, check out:
Six factors go into calculating the cost of living index in Hamburg. Here is how it fairs on each of the criteria:
The Services index in Hamburg is 94.
The Groceries index in Hamburg is 99.
The Health index in Hamburg is 103.
The Housing index in Hamburg is 98.
The Transportation index in Hamburg is 94.
The Utilities index in Hamburg is 96.
| Living Expense | Hamburg | New York | National Average | |
|---|---|---|---|---|
| Overall | 94 | 119 | 100 | |
| Services | 94 | 110 | 100 | |
| Groceries | 99 | 103 | 100 | |
| Health | 103 | 101 | 100 | |
| Housing | 98 | 145 | 100 | |
| Transportation | 94 | 105 | 100 | |
| Utilities | 96 | 99 | 100 | |
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Hamburg is $300,461.
The Median Rent in Hamburg is $1,019.
The Median Income in Hamburg is $109,028.
The Home Value To Income in Hamburg is 2.8x.
The Rent To Monthly Income in Hamburg is 0.11x.
The cost of living varies in the cities and towns around Hamburg. Here's a quick look at the cost of living in the most populous nearby places:
West Seneca, NY has a cost of living index of 94, 1.0x Hamburg.
Lackawanna, NY has a cost of living index of 86, 0.9x Hamburg.
Eggertsville, NY has a cost of living index of 94, 1.0x Hamburg.
| City | Population | Cost Of Living | Vs. Hamburg |
|---|---|---|---|
| West Seneca, NY | 45,329 | 94 | 1.0x |
| Lackawanna, NY | 19,779 | 86 | 0.9x |
| Eggertsville, NY | 15,416 | 94 | 1.0x |
| Kenmore, NY | 15,097 | 89 | 0.9x |
| Depew, NY | 15,065 | 88 | 0.9x |
| Lancaster, NY | 10,127 | 89 | 0.9x |
| East Aurora, NY | 5,997 | 101 | 1.1x |
| Harris Hill, NY | 5,853 | 108 | 1.1x |
| Williamsville, NY | 5,430 | 98 | 1.0x |