salaryRent is lower than in 71% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (75.6%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $50,640 a year. That is $24 an hour at a full-time job.
Is rent cheaper than other New York cities?
Yes. Rent here is cheaper than in most of New York. It is number 49 of 343 cities from cheapest to most expensive.
How much do households earn in Hamburg?
Share of households by yearly income. 47.1% of households earn $100,000 or more.
Rent by apartment size in Hamburg
| Size | Hamburg | U.S. average |
|---|---|---|
| Studio | $732 | $1,338 |
| 1 bedroom | $892 | $1,324 |
| 2 bedrooms | $1,274 | $1,509 |
| 3 bedrooms | $1,314 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hamburg overall?
Everyday prices in New York overall are 8% above the U.S. average (index 107.9, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hamburg, so the New York figure is shown.
Taxes and bills in Hamburg
Life in Hamburg
Is it cheaper to rent or buy in Hamburg?
Renting is cheaper right now: about $459 a month less.
Owning assumes a typical $248,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,860 for the down payment.
Frequently asked questions
What is the average rent in Hamburg, NY?
Renting in Hamburg costs a median of about $1,266 a month in 2026, including utilities. The New York median is $2,177.
How much do I need to make to live in Hamburg?
To keep rent under 30% of income, you need about $50,640 a year, or $24 an hour at a full-time job.
Is Hamburg cheap or expensive?
Hamburg is rated Cheap: rent takes 12.5% of the typical household income of $121,107. It ranks 49th cheapest of 343 New York cities we track.
How much are property taxes in Hamburg?
The median homeowner in Hamburg pays $6,833 a year in property taxes, about 2.75% of the median home value.
Is Hamburg more expensive than the national average?
Overall prices in New York are 8% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hamburg?
The median home value in Hamburg is $248,600, about 2.1 times the typical yearly household income.
9,792 people live in Hamburg. Numbers are typical (middle) values.