Cost of Living in Hamilton Square, NJ

Population 11,643 · New Jersey · Data vintage 2023

129
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hamilton Square is a smaller New Jersey community of around 12000 residents, where median household incomes of $135,694 and housing costs ($377,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 30 miles northeast of Philadelphia, Hamilton Square falls within that metro's commuting orbit. Median home values run roughly 62% higher than Philadelphia's $232,000.

Cost Overview

Housing 124
Rent 138

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

About the Cost of Living in Hamilton Square

The median home value in Hamilton Square is $376,900 — 24% above the national median of $305,000. Median rent runs $1,817/month, 38% higher than the national median of $1,314/month. The median household income of $135,694/year is 82% higher than the US median of $74,580. The local unemployment rate is 3.6%, 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 63.4°F and lows of 44.8°F, with about 26.6" of annual snowfall. Overall, Hamilton Square has a cost of living index of 129 versus the US average of 100, meaning it is 29% more expensive.

🏠 Housing

Median Home Value
$376,900
24% above avg
Median Rent
$1,817/mo
38% above avg
Price-to-Rent Ratio
17.3x
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 94.4%
Renter-occupied 5.6%

💰 Estimated Monthly Budget

Rent median rent
$1,817
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,431/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
26.9 min
0% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.7%

Commute Mode

Drove alone
73.0%
Carpooled
6.8%
Public transit
2.6%
Walked
1.1%
Work from home
15.7%

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
$135,694
82% above avg
Per Capita Income
$55,498
Unemployment Rate
3.6%
24% below avg
Poverty Rate
2.1%
Labor Force Participation
64.4%

🎓 Education

Bachelor's degree+ 34.5%
Graduate degree 16.6%

👥 Demographics

Median Age 46.2
Male median age 44.6
Female median age 50.6

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
63.4°F
Avg Low
44.8°F
Annual Precip
45.6"
Annual Snowfall
26.6"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 404351637281868477665544
Low °F 242633425261676558463629
Precip" 3.292.654.003.633.994.354.424.224.053.793.204.04
Snow" 8.28.74.00.50.00.00.00.00.00.10.54.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 49 — Good
53.2%
Good air days/yr
244
Max AQI recorded
242
PM2.5 days
123
Ozone days

Frequently Asked Questions

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

Hamilton Square has a cost index of 129 (100 = national average). It is 29% above the national average.

What is average rent in Hamilton Square, NJ?

The median gross rent in Hamilton Square is $1,817 per month based on 2023 Census data.

What is the average home price in Hamilton Square?

The median home value in Hamilton Square is $376,900 according to 2023 Census ACS data.

What is the median income in Hamilton Square?

The median household income in Hamilton Square is $135,694 per year (2023 ACS 5-year estimates).

What is the sales tax in Hamilton Square, NJ?

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

Is Hamilton Square, NJ affordable?

Hamilton Square is above average in cost of living, with an index of 129 — about 29% higher than the national average.

What is the weather like in Hamilton Square?

Hamilton Square has average high temperatures of 63.4°F and average lows of 44.8°F. Annual precipitation is 45.6". Average annual snowfall is 26.6". Data from NOAA 1991–2020 Climate Normals.

Hamilton Square at a Glance

Population
11,643
Median Income
$135,694
Home Value
$376,900
Median Rent
$1,817/mo
Unemployment
3.6%
Avg High Temp
63.4°F
Sales Tax
6.6%
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Explore county-level cost of living data

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