Hammonton, NJ

Average · 103

New Jersey · Population 14,746 · Updated March 2026

$1,375
Median Rent / Month
$83,044
Median Income
$324,200
Median Home Value
$1,597
Owner Costs / Month

Affordability

How far your income goes in Hammonton

19.9%
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

$16,500
Annual Rent
$8,927
State Income Tax
$7,230
Property Tax (est.)

Cost of Living Overview

Hammonton has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 103 (where 100 equals the national median), Hammonton residents can expect to pay median rent of $1,375/month while earning a median household income of $83,044/year.

The median home value in Hammonton, NJ is $324,200, with typical monthly owner costs around $1,597 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.9% 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 Hammonton.

Frequently Asked Questions

Common questions about living costs in Hammonton

What is the cost of living in Hammonton, NJ?
The cost of living index in Hammonton, NJ is 103 (US average = 100). Median monthly rent is $1,375, median household income is $83,044/year, and the median home value is $324,200.
Is Hammonton, NJ affordable?
No, Hammonton is more expensive than the national average with a cost index of 103. The rent-to-income ratio is 19.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hammonton, NJ?
The median gross rent in Hammonton, NJ is $1,375 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,500.
What is the median household income in Hammonton?
The median household income in Hammonton, NJ is $83,044 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%.