Cost of Living in Hamburg, NJ

Population 3,293 · New Jersey · Data vintage 2023

103
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hamburg is a smaller New Jersey community of around 3000 residents, where median household incomes of $90,655 and housing costs ($258,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 25 miles northwest of Paterson, Hamburg falls within that metro's commuting orbit. Median home values run roughly 23% lower than Paterson's $335,000.

Cost Overview

Housing 85
Rent 130

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hamburg

The median home value in Hamburg is $258,200 — 15% below the national median of $305,000. Median rent runs $1,714/month, 30% higher than the national median of $1,314/month. The median household income of $90,655/year is 22% higher than the US median of $74,580. The local unemployment rate is 3.8%, below the national average of 4.8%. New Jersey's top state income tax rate is 10.8% and the combined sales tax is 6.6%. The climate averages highs of 60.9°F and lows of 39.2°F. Overall, Hamburg has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.

🏠 Housing

Median Home Value
$258,200
15% below avg
Zillow Home Value
$392,138
Zillow ZHVI
Median Rent
$1,714/mo
30% above avg
Price-to-Rent Ratio
12.6x
Favors buying
Property Tax Rate
2.5%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,474
1 BR
$1,654
2 BR
$2,040
3 BR
$2,550
4 BR
$2,885
Owner-occupied 75.7%
Renter-occupied 24.3%

💰 Estimated Monthly Budget

Rent median rent
$1,714
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,328/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
36.8 min
36% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
12.9%

Commute Mode

Drove alone
71.8%
Carpooled
9.3%
Work from home
12.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 10.8%
Total Sales Tax 6.6%
State rate 6.6%
Avg local rate -0.0%
Property Tax 2.5%

💼 Income & Employment

Median Household Income
$90,655
22% above avg
Per Capita Income
$53,472
Unemployment Rate
3.8%
21% below avg
Poverty Rate
7.6%
Labor Force Participation
76.0%

🎓 Education

Bachelor's degree+ 26.3%
Graduate degree 14.6%

👥 Demographics

Median Age 41.6
Male median age 45.7
Female median age 41

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
60.9°F
Avg Low
39.2°F
Annual Precip
41"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 363948617180848275645141
Low °F 182027374756616051403124
Precip" 2.632.163.203.433.733.684.063.933.834.232.973.10

Frequently Asked Questions

What is the cost of living in Hamburg, NJ?

Hamburg has a cost index of 103 (100 = national average). It is 3% above the national average.

What is average rent in Hamburg, NJ?

The median gross rent in Hamburg is $1,714 per month based on 2023 Census data.

What is the average home price in Hamburg?

The median home value in Hamburg is $258,200 according to Zillow and Census data.

What is the median income in Hamburg?

The median household income in Hamburg is $90,655 per year (2023 ACS 5-year estimates).

What is the sales tax in Hamburg, NJ?

The combined state and local sales tax rate in Hamburg is 6.6%. The New Jersey state income tax top rate is 10.8%.

Is Hamburg, NJ affordable?

Hamburg is near the national average in terms of cost of living, with an index of 103 (100 = US average).

What is the weather like in Hamburg?

Hamburg has average high temperatures of 60.9°F and average lows of 39.2°F. Annual precipitation is 41". Data from NOAA 1991–2020 Climate Normals.

Hamburg at a Glance

Population
3,293
Median Income
$90,655
Home Value
$258,200
Median Rent
$1,714/mo
Unemployment
3.8%
Avg High Temp
60.9°F
Sales Tax
6.6%
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