Cost of Living in Hammonton, NJ

Housing

The housing market plays a significant role in determining the cost of living in Hammonton, NJ.

• Housing Index: 110.0 / 100
• Median Home Price is: $350000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1640 per month

When considering a move to Hammonton, NJ, it's essential to evaluate the current housing market. With a housing index of 110.0, the area shows higher-than-average housing costs, especially reflected in the median home price of 350000. Renters can expect to pay about 1600 for a 2-bedroom apartment or 1640 for a 2-bedroom house. This data suggests that housing options may be pricier, so budget-conscious individuals or families may want to explore surrounding neighborhoods or markets to find more affordable living spaces without compromising on quality of life.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hammonton, NJ.

• Electricity Price: 19.88 USD (median by state)
• Natural Gas Price: $14.01 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Hammonton, NJ could entail higher utility costs. Electricity costs sit at 19.88, while natural gas is priced at 14.01 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $79747

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Hammonton, NJ, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.