Cost of Living in Lambertville, NJ

Population 4,141 · New Jersey · Data vintage 2023

151
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The median resident in Lambertville is 59 years old, well past the national midpoint, giving the city the retail and service mix of a retirement-dominant market. Household-income figures here read differently than in working-age cities: retirement and investment income weigh heavily in the totals.

Located 25 miles northeast of Philadelphia, Lambertville falls within that metro's commuting orbit. Median home values run roughly 130% higher than Philadelphia's $232,000.

Cost Overview

Housing 175
Rent 115

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

About the Cost of Living in Lambertville

The median home value in Lambertville is $534,100 — 75% above the national median of $305,000. Median rent runs $1,507/month, 15% higher than the national median of $1,314/month. The median household income of $106,236/year is 42% higher than the US median of $74,580. The local unemployment rate is 3.2%, 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, Lambertville has a cost of living index of 151 versus the US average of 100, meaning it is 51% more expensive.

🏠 Housing

Median Home Value
$534,100
75% above avg
Zillow Home Value
$773,071
Zillow ZHVI
Median Rent
$1,507/mo
15% above avg
Price-to-Rent Ratio
29.5x
Favors renting
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 76.6%
Renter-occupied 23.4%

💰 Estimated Monthly Budget

Rent median rent
$1,507
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,121/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
34.1 min
26% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.9%

Commute Mode

Drove alone
69.3%
Carpooled
5.2%
Public transit
1.5%
Walked
3.1%
Work from home
20.9%

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
$106,236
42% above avg
Per Capita Income
$92,318
Unemployment Rate
3.2%
33% below avg
Poverty Rate
2.6%
Labor Force Participation
70.4%

🎓 Education

Bachelor's degree+ 34.4%
Graduate degree 35.1%

👥 Demographics

Median Age 59.2
Male median age 59.1
Female median age 59.4

🌤 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 44 — Good
64%
Good air days/yr
262
Max AQI recorded
180
PM2.5 days
184
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
8.7:1
Student-teacher ratio
3
Public schools
952
Total enrollment

Frequently Asked Questions

What is the cost of living in Lambertville, NJ?

Lambertville has a cost index of 151 (100 = national average). It is 51% above the national average.

What is average rent in Lambertville, NJ?

The median gross rent in Lambertville is $1,507 per month based on 2023 Census data.

What is the average home price in Lambertville?

The median home value in Lambertville is $534,100 according to Zillow and Census data.

What is the median income in Lambertville?

The median household income in Lambertville is $106,236 per year (2023 ACS 5-year estimates).

What is the sales tax in Lambertville, NJ?

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

Is Lambertville, NJ affordable?

Lambertville is above average in cost of living, with an index of 151 — about 51% higher than the national average.

What is the weather like in Lambertville?

Lambertville 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.

Lambertville at a Glance

Population
4,141
Median Income
$106,236
Home Value
$534,100
Median Rent
$1,507/mo
Unemployment
3.2%
Avg High Temp
63.4°F
Sales Tax
6.6%
View all cities in New Jersey →
🗺️ County data for New Jersey

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs