Hamilton Square, NJ

Very High · 131

New Jersey · Population 11,643 · Updated March 2026

$1,817
Median Rent / Month
$135,694
Median Income
$376,900
Median Home Value
$2,133
Owner Costs / Month

Affordability

How far your income goes in Hamilton Square

16.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in New Jersey

State-level tax rates that affect your costs

10.75%
Income Tax (Top Rate)
6.625%
Sales Tax
2.23%
Property Tax Rate

Estimated Annual Costs

$21,804
Annual Rent
$14,587
State Income Tax
$8,405
Property Tax (est.)

Cost of Living Overview

Hamilton Square has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 131 (where 100 equals the national median), Hamilton Square residents can expect to pay median rent of $1,817/month while earning a median household income of $135,694/year.

The median home value in Hamilton Square, NJ is $376,900, with typical monthly owner costs around $2,133 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

New Jersey's top income tax rate of 10.75% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.625% sales tax rate and 2.23% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hamilton Square.

Frequently Asked Questions

Common questions about living costs in Hamilton Square

What is the cost of living in Hamilton Square, NJ?
The cost of living index in Hamilton Square, NJ is 131 (US average = 100). Median monthly rent is $1,817, median household income is $135,694/year, and the median home value is $376,900.
Is Hamilton Square, NJ affordable?
No, Hamilton Square is more expensive than the national average with a cost index of 131. The rent-to-income ratio is 16.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hamilton Square, NJ?
The median gross rent in Hamilton Square, NJ is $1,817 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,804.
What is the median household income in Hamilton Square?
The median household income in Hamilton Square, NJ is $135,694 per year. This compares to the national median of approximately $80,000.
What are the taxes like in New Jersey?
New Jersey has a top income tax rate of 10.75%, a sales tax of 6.625%, and an effective property tax rate of 2.23%.