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: $350,000
- 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 Hammonton is a financially viable option for your relocation.